Discussions of financial systems tend to identify banks (financial intermediaries) and markets as the major institutions determining the workings of the financial system as it guides the flow of funds from the household sector to the production sector of the economy. The contrast of "bankdominated" and "market-oriented" financial systems has for a long time occupied centre stage of the literatu...

During the last two decades, financial institutions worldwide have witnessed a lot of stress in managing their margins in wake of the new risks, challenges and increase in the competition posed to them by the factors of liberalization and deregulation. The key to create value and achieve competitive edge lies in the better operational efficiency and productivity of these institutions under such...

n recent years, financial market supervisors and the financial services industry have placed increased emphasis on the role of public disclosure in ensuring the efficient and prudent operation of financial institutions. In particular, disclosures about financial institutions’ risk exposures have frequently been cited as an important way for debt and equity market participants to get the informa...

This article examines the unique risks associated with Islamic financial institutions and the secular state’s reticence to directly regulate their religious dimension. It argues that the state’s method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks. The Financial Services Authority (FSA)...

O ne of the hallmarks of Eugene White’s scholarship is his knack for using detailed historical examples to raise large, thought-provoking questions. “Were Banks Special Intermediaries in Late Nineteenth Century America?” is no exception. White combines case studies of two small financial institutions, the Bank of A. Levy and the Emigrant Savings Bank, with other information on nineteenth-centur...

We show that previous results suggesting that government ownership of banks has a negative effect on economic growth are not robust to adding more „fundamental‟ determinants of economic growth, such as institutions. We also present regression results from a more recent period (1995-2007) which suggest that, if anything, government ownership of banks has been associated with higher long run grow...

Purpose: There is evidence that managers engage in opportunistic practice to manipulate reported performance attract unsuspecting investors. This paper seeks detect the likelihood of manipulations on financial reports service firms (banks and other institutions) as well identify indicators are likely predictors probability Nigeria. Theoretical framework: The M-score models, from Beneish (1999),...

This paper presents a comprehensive review of the works done, during the 2000–2012, in the application of data mining techniques in Credit scoring. Yet there isn’t any literature in the field of data mining applications in credit scoring. Using a novel research approach, this paper investigates academic and systematic literature review and includes all of the journals in the Science direct onli...

S AVINGS INSTITUTIONS, credit unions, and commercial banks all offer a generally similar se­ lection of financial services, though each differs in the ability to make certain kinds of loans.1 As a result, many personal sector customers of these institutions would likely be unable to identify any distinguishing characteristics. Indeed, savings institutions and com­ mercial banks sometimes change...