Estimation of Securities Positioning Efficiency in Commercial Banks

2021 ◽  
pp. 235-256
Author(s):  
Natalia Frolova ◽  
Evgeniy Frolov
Keyword(s):  
Statistical Analysis ◽  
Literature Review ◽  
Commercial Bank ◽  
Initial Public Offering ◽  
Commercial Banks ◽  
Least Squares Method ◽  
Econometric Analysis ◽  
Public Offering ◽  
The Given ◽  
Critical Literature

The given research is devoted to the acute issue of efficiency of valuable assets positioning carried out by commercial banks. The chapter is aimed at examining factors that affect the efficiency of securities placement by commercial banks, as well as an econometric analysis based on the least squares method of the significance of the selected factors and their impact on the efficiency indicator. While researching this issue, the phenomenon of adaptability, which means the higher the price set, is in comparison with the medium price scale, the higher the underpricing at setting with corresponding other equal terms was singled out The methods of critical literature review, statistical analysis, and econometric model creation have been used to justify it. Moreover, the research resulted in model creation, which characterizes the state of a definite commercial bank to be ready for emission of assets by means of initial public offering.

scholarly journals The Impact on IPO Assurance Fees of Commercial Bank Entry into the Equity Underwriting Market

2000 ◽  
Vol 19 (s-1) ◽  
pp. 23-35 ◽  
Author(s):  
Neil L. Fargher ◽  
L. Paige Fields ◽  
Michael S. Wilkins
Keyword(s):  
Commercial Bank ◽  
Initial Public Offering ◽  
Commercial Banks ◽  
The United States ◽  
Litigation Risk ◽  
Equity Offerings ◽  
Accounting Firms ◽  
Bank Equity ◽  
Public Offering ◽  
The Impact

Changes in the provisions of the United States Banking Act of 1933 have allowed the entry of commercial banks into the initial public offering (IPO) underwriting market. In this paper, we examine the effect of commercial bank equity underwriting on the fees paid to auditors. We predict that IPO assurance fees will be higher for equity offerings underwritten by commercial banks than for offerings handled by traditional underwriters because (1) commercial banks are relatively inexperienced in bringing firms public, requiring additional assistance from accounting firms in the IPO process; (2) new entrants into the underwriting market may manage lower quality issues that require additional assurance services; and/or (3) since commercial banks have greater resources than do traditional investment banks, they are likely to be exposed to greater litigation risk, providing incentives for commercial bank underwriters to ensure that the IPO firm purchases greater assurance from the auditor. However, we expect fees to decrease if a previous lending relationship existed between the commercial bank and its client. Our findings, based on a sample of issues brought to market between 1991 and 1997, support these expectations.

scholarly journals Internal Determinants of Commercial Bank Profitability In Indonesia

2017 ◽  
Vol 8 (3) ◽  
pp. 219-223 ◽  
Author(s):  
Umi Widyastuti ◽  
Purwana E.S. Dedi ◽  
Sri Zulaihati
Keyword(s):  
Credit Risk ◽  
Commercial Bank ◽  
Commercial Banks ◽  
Least Squares Method ◽  
Ordinary Least Squares ◽  
Capital Adequacy ◽  
Operating Efficiency ◽  
Bank Profitability ◽  
Operating Income ◽  
Net Interest Margin

Abstract Internal determinants of bank profitability can be defined as those factors that are influenced by the bank’s management decisions and policy objectives. This paper is aimed to examine the internal factors that impact on commercial banks profitability in Indonesia. The factors reviewed in the model namely capital adequacy, credit risk (non-performing loan), liquidity (loans to deposit ratio), net interest margin and operating efficiency (operating expenses to operating income ratio). Using purposive sampling method, the analysis used thirty three commercial banks, with 168 observations for the period 2010 to 2015. Based on the Chow-test, the common effect model was preferred. The model is estimated using Ordinary Least Squares method. The results revealed that two hypotheses were not be accepted. There are no significant effects of capital adequacy and credit risk on profitability, but the model explains that there are significant effects of all explanatory variables toward commercial bank profitability. However, other important internal determinants of bank profitability still have not included in the model of this paper.

scholarly journals Marketability Discount in Various Economic Environments. Comparison of Developed and Emerging Markets on the Example of the USA and Poland

2020 ◽  
Vol 13 (6) ◽  
pp. 132
Author(s):  
Radosław Pastusiak ◽  
Jakub Keller ◽  
Michał Radke
Keyword(s):  
United States ◽  
Emerging Markets ◽  
Initial Public Offering ◽  
United States Of America ◽  
The United States ◽  
Econometric Analysis ◽  
T Test ◽  
Linear Modelling ◽  
The Usa ◽  
Public Offering

The aim of the presented article is to compare and evaluate the occurrence and level of marketability discount in developed and emerging markets in the example of the United States of America (USA) and Poland. According to the hypothesis put forward in the article, due to the smaller degree of development and depth of emerging markets, the marketability discount obtained in the context of the initial public offering (IPO) is lesser in its extent, as compared to the case when the IPO takes place in the developed market. The authors have made a statistic and econometric analysis based on a sample of nearly 200 IPOs in Poland and 1200 IPOs in the USA. The study used an analysis of the statistical differences between the groups (t-test), and also a linear modelling of the determinants of liquidity discount volume. The obtained results show that the stated hypothesis was correct, and that there are significant differences between the studied markets in reference to the marketability discount. The authors also concluded that the discount is not related to the condition of the company.

The Initial Public Offering of the Industrial and Commercial Bank of China (ICBC)

2012 ◽  
pp. 199-228
Author(s):  
Franklin Allen ◽  
Darien Huang ◽  
Jun ‘QJ’ Qian ◽  
Mengxin Zhao
Keyword(s):  
Commercial Bank ◽  
Initial Public Offering ◽  
Bank Of China ◽  
Public Offering

scholarly journals ANALISIS TINGKAT KESEHATAN BANK UMUM SYARIAH SEBELUM DAN SESUDAH TERDAFTAR DI BEI

2019 ◽  
Vol 5 (1) ◽  
pp. 70-84
Author(s):  
Yetri Martika Sari
Keyword(s):  
Initial Public Offering ◽  
Commercial Banks ◽  
Stock Exchange ◽  
Analytical Techniques ◽  
Sampling Technique ◽  
Two Samples ◽  
Before And After ◽  
Public Offering ◽  
Health Rating ◽  
Better Than

This study aims to assess the soundness of sharia commercial banks before and after being registere don the Indonesian stock exchange using the Risk-Based Bank Rating (RBBR) method which is stipulated in the OJK regulation No.8/POJK.03/2014 concerning the assessment of the soundness level of sharia commercial banks and sharia businessunits. The object of this research are sharia commercial banks registered on the Indonesian stock exchange (IDX). The sampling technique in this study used purposive sampling with the criteria of sharia commercial banks which was conducting an initial public offering in 2018. Two samples were obtained for this research, namely BRIS and BTPNS. The analytical techniques in this study were descriptive quantitative using four RBBR factors namely risk profile (NPF and FDR), GCG, profitability (NOM and ROA), andcapital (CAR). The resultsofthis study on the soundness of the bank before and after being listed on the IDX did not indicate a difference in the health rating of the banks both BRIS and BTPNS. the results of a comparison of the performance of BRIS and BTPNS seen from the four RBBR factors showed tha tBTPNS's performance was better than BRIS's performance.

scholarly journals Employees’ Motivation in Public and Private Commercial Banks in Bangladesh: A Study on Need-Based Approach

2013 ◽  
Vol 2 (2) ◽  
pp. 151-158
Author(s):  
Md. Hasebur Rahman
Keyword(s):  
Literature Review ◽  
Commercial Bank ◽  
Commercial Banks ◽  
Jel Classification ◽  
Public And Private ◽  
Banking Organization ◽  
Classification Code ◽  
Motivation Level ◽  
Organizational Objectives

Motivation remains a key secrete of managing people at organizational interfaces. Different people from differ background come together within organization having different aims incompatible to organizational aims. Motivation acts as key forces to drive diversified workforce to meet organizational objectives. In Bangladesh Performance of public commercial bank in comparison to the private commercial bank has long been a point of dissuasion. This study has made a comparison between employees of public and private commercial bank in Bangladesh regarding their motivation on the basis of need theories of motivation. Their motivation level was measured and compared on the basis of two major constructs identified from the literature review. These construct are perception about the benefits received from the job, and perception about the job nature and job environment in the banking organization. It is found that employees of private commercial bank scored slightly higher in both the construct however there is no significant differences have been proved about benefit received from the job and perception about job nature and environment. Differences were found between the two groups on the relative perception they placed on existing factors of motivation. JEL Classification Code: G20; G29

Pengaruh Reputasi Underwriter, Umur Perusahaan, dan Persentase Penawaran Saham 53 kepada Publik terhadap Underpricing

2016 ◽  
Vol 8 (1) ◽  
pp. 53-74
Author(s):  
Maria Jeanne ◽  
Chermian Eforis
Keyword(s):  
Initial Public Offering ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Secondary Market ◽  
Financial Statement ◽  
Data Set ◽  
Multiple Regression Method ◽  
Underwriter Reputation ◽  
Public Offering

The objective of this research is to obtain empirical evidence about the effect of underwriter reputation, company age, and the percentage of share’s offering to public toward underpricing. Underpricing is a phenomenon in which the current stock price initial public offering (IPO) was lower than the closing price of shares in the secondary market during the first day. Sample in this research was selected by using purposive sampling method and the secondary data used in this research was analyzed by using multiple regression method. The samples in this research were 72 companies conducting initial public offering (IPO) at the Indonesian Stock Exchange in the period January 2010 - December 2014; perform initial offering of shares; suffered underpricing; has a complete data set forth in the company's prospectus, IDX monthly statistics, financial statement and stock price site (e-bursa); and use Rupiah currency. Results of this research were (1) underwriter reputation significantly effect on underpricing; (2) company age do not effect on underpricing; and (3) the percentage of share’s offering to public do not effect on undepricing. Keywords: company age, the percentage of share’s offering to public, underpricing, underwriter reputation.

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