We investigate the role of banks in the ownership structure of non-…nancial …rms. Distinguishing between banks and other institutional investors as shareholders, we examine the relationship between …nancial institution ownership and the performance of the …rms in which they hold equity. We control explicitly for the capital structure decision of the …rms and the ownership decision of …nancial i...

In this article, we use soft systems methodology and complexity modeling to build an evaluation approach of a data warehouse implemented in a leading European financial institution. This approach consists in building a theoretical model to be used as a purposeful observation lens, producing a clear picture of the problematic situation under study and aimed at providing knowledge to prescribe co...

Risk capital is the contribution of an exposure to the default risk of a financial institution. We investigate its relationship with required shareholder returns, showing that the use of return on risk capital (RAROC) as a risk-adjusted performance measure is inconsistent with the standard theory of financial valuation and that using this one measure to represent at the same time both contribut...

It is generally assumed that financial apportionment between cohabiting parties, when the relationship ends, is determined by the law of property, in which the institution of the trust has a large role to play. Until recently, it has also been assumed that the ordinary law applies, rather than a special law for cohabitants. The trust developed to deal with fact situations far removed from those...

The aim of this paper is to give some recommendations for the improvement of the level of information security of university information systems. For this purpose two standards/guidelines are presented: COBIT/ISACF and BS 7799. COBIT is an open system that includes guidelines for implementation and evaluation of information technology control. BS 7799 is a closed system which includes guideline...

Microfinance has been developed as alternative solution for global poverty alleviation effort in the last 30 years. Microfinance institution (MFI) has unique characteristic wherein they face double bottom line objectives of outreach to the poor and financial sustainability. This study proposes a two-stage analysis to measure Islamic Microfinance institutions (IMFIs) performance by comparing the...

We propose a measure of systemic risk, ∆CoVaR, defined as the change in the value at risk of the financial system conditional on an institution being under distress relative to its median state. Our estimates show that characteristics such as leverage, size, maturity mismatch, and asset price booms significantly predict ∆CoVaR. We also provide out-of-sample forecasts of a countercyclical, forwa...

Risk assessment is important for financial institution, especially in loan applications. Some have already implemented their own credit-scoring mechanisms to evaluate their clients’ risk and make decisions based on this indicator. In fact, the data gathered by financial institutions is valuable source of information to create information assets, from which credit-scoring mechanisms can be devel...

The United States banking industry was directed by its regulatory agencies to provide authentication stronger than single factor for “high risk” transactions, as a defense against phishing, by year-end 2006. Financial institutions had a wide array of options available to them to meet this requirement, and there was considerable latitude in how to interpret the regulatory guidance. This paper pr...