A Comparison of Savings Account and Financial Asset Holdings of Bank and Savings and Loan Depositors

Abstract The English Parliament’s struggle for supremacy against monarchical dictatorship during the Civil War (1642–1648) was crucial for the establishment of representative government, yet its lessons continue to be debated. I exploit novel data on individual MPs drawn from 1,842 biographies to show that the conflict was over overseas interests and other factors over which the executive enjoyed broad constitutional discretion, rather than over domestic property rights. I further exploit the coincidence of individual MPs’ ability to sign legally binding share contracts with novel share offerings by overseas companies to measure the effect of overseas share investment on their political attitudes. I show that overseas shareholding pushed moderates lacking prior mercantile interests to support reform. I interpret the effect of financial assetholding as allowing new investors to exploit emerging economic opportunities overseas, aligning their interests with traders. By consolidating a broad parliamentary majority that favored reform, the introduction of financial assets also broadened support for the institutionalization of parliamentary supremacy over dictatorial rule.

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A time series analysis of financial asset holdings for a developing country: Egypt, 1952–1973

Empirical Economics ◽

10.1007/bf01978124 ◽

1986 ◽

Vol 11 (3) ◽

pp. 125-151 ◽

Cited By ~ 1

Author(s):

S. El-Sheikh

Keyword(s):

Time Series ◽

Time Series Analysis ◽

Developing Country ◽

Financial Asset ◽

Series Analysis ◽

Asset Holdings

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An Analysis Of The Interest Elasticity Of Financial Asset Holdings By Income

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v16i3.2041 ◽

2011 ◽

Vol 16 (3) ◽

Author(s):

Brian Amick ◽

James M. McGibany

Keyword(s):

Interest Rates ◽

Money Demand ◽

Income Level ◽

Financial Asset ◽

Lower Income ◽

Demand Model ◽

Keynesian Model ◽

Asset Holdings

<p>A Keynesian money demand model is used to examine the interest elasticity of financial asset holdings by income level. In this model, once an individual receives income, they first make transactions, and any leftover income goes for speculative purposes. Since only speculative balances are assumed to change with interest rates, individuals with income used mainly for transactions purposes are theorized to have asset holdings that are unresponsive to interest rates, while higher income individuals with speculative balances are expected to be more responsive to interest rates. The results support the Keynesian model, as lower income households are found to have the smallest interest elasticity, and the estimated elasticity rises with income.</p>

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Islamic religiosity and Islamic financial asset holdings (IFAH)

Journal of Islamic Accounting and Business Research ◽

10.1108/jiabr-04-2016-0052 ◽

2019 ◽

Vol 10 (4) ◽

pp. 591-606

Author(s):

Rozaimah Zainudin ◽

Nurul Shahnaz Mahdzan ◽

Rosmawani Che Hashim ◽

Noor Adwa Sulaiman

Keyword(s):

Religious Education ◽

Generalized Linear Model ◽

Financial Asset ◽

Financial Assets ◽

Kuala Lumpur ◽

Content Type ◽

Financial Products ◽

The Relationship ◽

Practical Implications ◽

Asset Holdings

Purpose This paper aims to examine the relationship between Islamic religiosity and Islamic financial asset holdings (IFAH) among Muslim individuals in Malaysia. Design/methodology/approach Data for this study were collected through a survey questionnaire, and a sample of 751 working Muslims in Kuala Lumpur was obtained. Islamic religiosity was measured via religiosity levels and religiosity dimensions. IFAH was measured as the fraction of Islamic financial assets held in a financial portfolio. A generalized linear model (GLM) was used to estimate the relationships. Findings The results show that religiosity level influences the IFAH. Devout Muslims held more Islamic financial assets than casual Muslims. All religiosity dimensions influenced IFAH, with faith having the greatest influence and virtues the least. Educational level strongly influenced IFAH. Research limitations/implications The sample consisted of working Muslims in Kuala Lumpur; hence, generalization cannot be made to all Malaysian Muslims. This study only focused on Islamic financial assets and did not consider other types of Islamic financial products, such as financing. Practical implications Efforts to encourage Muslims to opt for Islamic financial assets may be more effective if they begin from the core of religious education. Educating individuals on Islamic principles, including the values and concepts of Islamic finance, is important to encourage the Islamic banking industry to prosper among Muslims. Originality/value The paper provides an extension of current literature on spirituality and religion by incorporating a comprehensive measure of Islamic religiosity and its relationship with financial asset holdings.

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