scholarly journals Modelling of domestic and foreign visitors’ behaviour at commercial bank website during the recent financial crisis

2013 ◽  
Vol 61 (7) ◽  
pp. 2065-2070 ◽  
Author(s):  
Martin Drlík ◽  
Anna Pilková ◽  
Michal Munk ◽  
Peter Švec
Keyword(s):  
Financial Crisis ◽  
Commercial Bank ◽  
Information Disclosure ◽  
Foreign Market ◽  
General Information ◽  
Financial Information ◽  
Web Pages ◽  
Web Log Mining ◽  
Market Participants ◽  
Recent Financial Crisis

The paper focuses on modelling of commercial bank website visitors’ behaviour. The authors analyse domestic and foreign market participants’ interests in mandatory financial information disclosure of a commercial bank during the recent financial crisis and try to answer the question whether the purposes of Basel 2 regulations under the Pillar 3 – Market discipline, publishing financial information, have been fulfilled. The authors analyse bank website logs files using web log mining methods to better understand the rate of using of web pages, where mandatory financial information about Basel 2 is published. After data pre-processing the authors use association rule analysis to identify the association among content categories of the website. The results show that there is small interest in mandatory financial information disclosure by the commercial bank in general. The foreign website visitors take more concern in mandatory financial information disclosure, and they take less interest in general information about bank than domestic ones.

Determining Factors of Transparency and Accountability in Local Governments: A Meta-Analytic Study

2015 ◽  
Vol 13 (2) ◽  
pp. 129-160 ◽  
Author(s):  
Laura Alcaide-Muñoz ◽  
Manuel Pedro Rodríguez Bolívar
Keyword(s):  
Financial Crisis ◽  
Local Governments ◽  
Information Disclosure ◽  
Meta Analysis ◽  
Financial Information ◽  
Key Factors ◽  
Information Transparency ◽  
Considerable Heterogeneity ◽  
Determining Factors ◽  
Economic And Financial Crisis

The importance granted to information transparency in improving the accountability of public administrations has become increasingly greater in recent years under a scenario of economic and financial crisis as a tool of control. Although academic studies are aimed at identifying the key factors underlying a higher level of economic-financial information disclosure by local governments, there exists considerable heterogeneity in the results obtained. In this sense, we have carried out a meta-analysis to validate previous empirical results, and highlight causes of the variations and contradictions identified. Our study shows the variables analysed to be positively associated with the disclosure of public financial information, but also that this depends on the context in which the research is carried out.

scholarly journals The Failure Mechanics of Dealer Banks

2010 ◽  
Vol 24 (1) ◽  
pp. 51-72 ◽  
Author(s):  
Darrell Duffie
Keyword(s):  
Financial Crisis ◽  
Commercial Bank ◽  
Systemic Risk ◽  
Bank Runs ◽  
Too Big To Fail ◽  
Failure Mechanics ◽  
Large Complex ◽  
Lehman Brothers ◽  
Recent Financial Crisis

During the recent financial crisis, major dealer banks—that is, banks that intermediate markets for securities and derivatives—suffered from new forms of bank runs. The most vivid examples are the 2008 failures of Bear Stearns and Lehman Brothers. Dealer banks are often parts of large complex financial organizations whose failures can damage the economy significantly. As a result, they are sometimes considered “too big to fail.” The mechanics by which dealer banks can fail and the policies available to treat the systemic risk of their failures differ markedly from the case of conventional commercial bank runs. These failure mechanics are the focus of this article. This is not a review of the financial crisis of 2007–2009. Systemic risk is considered only in passing. Both the financial crisis and the systemic importance of large dealer banks are nevertheless obvious and important motivations.

scholarly journals Pillar 3 and Modelling of Stakeholders’ Behaviour at the Commercial Bank Website during the Recent Financial Crisis

2013 ◽  
Vol 18 ◽  
pp. 1747-1756 ◽  
Author(s):  
Michal Munk ◽  
Anna Pilkova ◽  
Jozef Kapusta ◽  
Peter Svec ◽  
Martin Drlik
Keyword(s):  
Financial Crisis ◽  
Commercial Bank ◽  
Recent Financial Crisis

Governance Disclosure on the Internet by Leading Indian Public Sector Companies

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 174-187
Author(s):  
Harmandeep Singh ◽  
Arwinder Singh
Keyword(s):  
Public Sector ◽  
Financial Information ◽  
Three Dimensions ◽  
The Internet ◽  
Web Pages ◽  
Non Profit ◽  
Index Approach ◽  
Significant Difference ◽  
Governance Disclosure ◽  
The Web

Nowadays, internet satisfying people with different services related to different fields. The profit, as well as non-profit organization, uses the internet for various business purposes. One of the major is communicated various financial as well as non-financial information on their respective websites. This study is conducted on the top 30 BSE listed public sector companies, to measure the extent of governance disclosure (non-financial information) on their web pages. The disclosure index approach to examine the extent of governance disclosure on the internet was used. The governance index was constructed and broadly categorized into three dimensions, i.e., organization and structure, strategy & Planning and accountability, compliance, philosophy & risk management. The empirical evidence of the study reveals that all the Indian public sector companies have a website, and on average, 67% of companies disclosed some kind of governance information directly on their websites. Further, we found extreme variations in the web disclosure between the three categories, i.e., The Maharatans, The Navratans, and Miniratans. However, the result of Kruskal-Wallis indicates that there is no such significant difference between the three categories. The study provides valuable insights into the Indian economy. It explored that Indian public sector companies use the internet for governance disclosure to some extent, but lacks symmetry in the disclosure. It is because there is no such regulation for web disclosure. Thus, the recommendation of the study highlighted that there must be such a regulated framework for the web disclosure so that stakeholders ensure the transparency and reliability of the information.

European Welfare State Constitutions after the Financial Crisis

2020 ◽  
Keyword(s):  
Financial Crisis ◽  
Structural Changes ◽  
Social Protection ◽  
Welfare States ◽  
Constitutional Review ◽  
State Constitutions ◽  
Social Law ◽  
European Welfare State ◽  
One Step ◽  
Recent Financial Crisis

At a time when Europe is in the grip of a new crisis, it is especially useful to look back at the experiences of the European welfare states’ constitutions during the most recent financial crisis. This book provides unique insights by analysing social protection reforms undertaken in nine European countries, from both a social law and a constitutional law perspective. It highlights the mixture of short-term cuts in benefits and of structural changes in social protection schemes. The crisis might have helped to further the partial and temporary implementation of reforms, but it certainly cannot spare us from the debates and political compromises that are unavoidable in order to reform social protection thoughtfully and thoroughly. Moreover, the book records the outcome of relevant constitutional review proceedings and thereby demonstrates that, even if corrections remained restricted to relatively few cases, social rights matter. The financial crisis advanced their protection one step further, but left many questions open. One lesson is of paramount importance, also for helping us overcome the current pandemic crisis: we need a substantial and commonly accepted agreement in the Europe Union on how to balance the economy and social protection in the future.

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