scholarly journals The Impact of Monetary Policy on Bank Profitability and the Moderating Role of Funding Patterns in Vietnam

2022 ◽  
Vol 14 (1) ◽  
pp. 109-134
Author(s):  
Van Dan Dang
Keyword(s):  
Monetary Policy ◽  
Monetary Shocks ◽  
Policy Tools ◽  
Bank Profitability ◽  
Positive Effects ◽  
Interest Income ◽  
The Impact ◽  
Moderating Role ◽  
Bank Profits

The study investigates the effect of monetary policy on bank profitability while also taking into account the moderating role of bank funding patterns. Uniquely, the study focuses on disaggregate components of bank profits in an environment containing various monetary policy tools. Using a dataset of commercial banks in Vietnam, the results show that monetary policy drives bank profitability asymmetrically. Concretely, interest rates (i.e., lending rates and policy rates) exert positive effects on net interest income, but negative impacts on non-interest income. For quantitative-based policy tools, including the central bank’s security purchases and foreign exchange reserves, monetary policy is positively correlated with non-interest income but negatively associated with net interest income. The reaction of banks’ net interest income to monetary policy adjustments is translated into overall bank profits. Further analysis indicates that the monetary policy/bank profitability nexus across different proxies is less pronounced at banks with more diversified funding patterns. This finding sheds light on prior arguments attributing financially weaker banks’ greater sensitivity in facing monetary shocks to the limited alternative funding.

Market orientation, innovation commercialization capability and firm performance relationships: the moderating role of supply chain influence

2017 ◽  
Vol 32 (7) ◽  
pp. 913-924 ◽  
Author(s):  
Jeen-Su Lim ◽  
William K. Darley ◽  
David Marion
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Market Orientation ◽  
Innovation Management ◽  
Strategy Formulation ◽  
Content Type ◽  
Positive Effects ◽  
The Impact ◽  
Moderating Role

Purpose The study aims to explore supply chain influence (SCI) on the linkages among market orientation, innovation capabilities and firm performance (FP), using the resource-based view as a theoretical backdrop. Design Survey data from 182 top managers who are involved in strategy formulation and innovative direction of their companies was collected and analyzed using moderated multiple regression analysis. Findings Results revealed a moderating role of the SCI in that the proactive market orientation (PMO) and FP relationship is stronger when SCI is high, and innovation commercialization capability (ICC) and FP relationship is stronger when SCI is low. Practical implications Firms pursuing high PMO strategy must collaborate with supply chain function to achieve the full effect of PMO. Additionally, as supply chain is critical to meeting customers’ needs, these firms should allow supply chain to exert greater influence to enjoy the positive effects of PMO in addition to ensuring full integration into marketing strategy implementation. Also, firms with high ICC need to limit SCI to maximize the benefit of ICC on FP, just as innovation management needs to be cognizant of other functional areas. Originality/value The study investigates the potential moderating role of SCI on the relationships among market orientation, ICC and FP. The study fills a gap in the understanding of the nature and role of supply chain in the marketing–supply chain interaction, and the impact on FP.

scholarly journals The Impact of Work From Home to Work Life-Balance and Its Implication to Employee Happiness: The Moderating Role of Organizational Support

2021 ◽  
Vol 5 (3) ◽  
Author(s):  
Johanna Gracelia Elnanto ◽  
Lieli Suharti
Keyword(s):  
Organizational Support ◽  
Work Life ◽  
Work Life Balance ◽  
Life Balance ◽  
Positive Effects ◽  
Work From Home ◽  
The Impact ◽  
Moderating Role ◽  
Employee Happiness

Working from home was an increasing phenomenon to prevent the spread of COVID-19. Although WFH has been expendable well documented, there are still limited studies related to the subject of life balance, happiness and organizational support. This study aimed to figure out; 1) The influence of work from home on work-life balance, 2) The influence of work-life balance on happiness, 3) The moderating role of organizational supports towards work from home and work-life balances. The respondents used in this research were the 94 lecturers who worked in Universitas Kristen Satya Wacana. The study was done in a quantitative method through cross-sectional data and non-probability sampling method. The analysis model used was Path Analysis, Moderated Regression Analysis and Simple Regression test. The result of this research indicates that WFH has positive effects on WLB and WLB has positive effects on employee happiness. The testing done on moderating effect appeared that organizational support does not moderate the effects of WFH on WLB. Apart from that, theoretical and practical implications were also given in this research.

The Role of Environmental Innovation Strategy in Reinforcing the Impact of Green Managerial Practices on Competitive Advantages of Fertilizer Companies in Egypt

2013 ◽  
pp. 37-53
Author(s):  
Mostafa Mohamed Ahmed Al-kerdawy
Keyword(s):  
Innovation Strategy ◽  
Competitive Advantages ◽  
Environmental Innovation ◽  
Managerial Practices ◽  
Positive Effects ◽  
Managerial Implications ◽  
Research Gap ◽  
The Impact ◽  
Moderating Role

Little literature and research exists on the impact of Green Managerial Practices (GMP’S) on competitive advantages (CA). This study fills this research gap and is conducted on a sample of 450 workers in 10 fertilizer companies in Egypt. The study identifies the moderating role of environmental innovation strategy (EIS) in reinforcing the impact of green managerial practices on competitive advantages. The empirical results show that three types of green managerial practices – green planning, green managerial concerns, and green entrepreneurship – have positive effects on competitive advantages, which increases in the presence of environmental innovation strategy. Companies that invest resources and efforts in green managerial practices can meet the strict environmental regulations in Egypt and popular environmental consciousness of consumers, as well as obtain corporate competitive advantages. Managerial implications and areas for further research are also discussed.

MONETARY SHOCKS, POLICY TOOLS AND FINANCIAL FIRM STOCK RETURNS: EVIDENCE FROM THE 2008 US QUANTITATIVE EASING

2017 ◽  
Vol 62 (01) ◽  
pp. 27-56 ◽  
Author(s):  
ALI ASHRAF ◽  
M. KABIR HASSAN ◽  
WILLIAM J. HIPPLER
Keyword(s):  
Monetary Policy ◽  
Stock Returns ◽  
Financial Institutions ◽  
Federal Reserve ◽  
Monetary Shocks ◽  
Quantitative Easing ◽  
Policy Tools ◽  
Federal Funds Rate ◽  
Policy Tool ◽  
The Impact

We extend the work of Bernanke and Kuttner [(2005). What explains the stock market’s reaction to federal reserve policy? Journal of Finance, 60, 1221–1257] by examining the impact of monetary shocks and policy tools on aggregate stock returns as well as the stock returns of financial institutions during the recent period of quantitative easing (QE) in the US. Specially, we test for the effectiveness of a major non-conventional monetary policy tool, the use of special asset purchase programs by the Federal Reserve, in impacting the financial markets. Estimates from vector auto-regression (VAR) analyses show that the impact of both unexpected and expected monetary shocks on aggregate stock returns is magnified several times during periods of QE. In addition, traditional monetary policy tools, like the Federal Funds rate, have no impact on aggregate stock returns, neither leading up to, nor during QE, while our non-conventional policy measure does appear to have some impact. In an extension of our results, we find that unexpected monetary shocks have an increased marginal impact on the stock returns of financial firms during QE. In addition, the stock returns of financial institutions have significant reactions to both changes in non-conventional monetary policy tools and announcements surrounding non-conventional policy actions.

The Role of Environmental Innovation Strategy in Reinforcing the Impact of Green Managerial Practices on Competitive Advantages of Fertilizer Companies in Egypt

2011 ◽  
Vol 2 (1) ◽  
pp. 36-54
Author(s):  
Mostafa Mohamed Ahmed Al-kerdawy
Keyword(s):  
Innovation Strategy ◽  
Competitive Advantages ◽  
Environmental Innovation ◽  
Managerial Practices ◽  
Positive Effects ◽  
Managerial Implications ◽  
Research Gap ◽  
The Impact ◽  
Moderating Role

Little literature and research exists on the impact of Green Managerial Practices (GMP’S) on competitive advantages (CA). This study fills this research gap and is conducted on a sample of 450 workers in 10 fertilizer companies in Egypt. The study identifies the moderating role of environmental innovation strategy (EIS) in reinforcing the impact of green managerial practices on competitive advantages. The empirical results show that three types of green managerial practices – green planning, green managerial concerns, and green entrepreneurship – have positive effects on competitive advantages, which increases in the presence of environmental innovation strategy. Companies that invest resources and efforts in green managerial practices can meet the strict environmental regulations in Egypt and popular environmental consciousness of consumers, as well as obtain corporate competitive advantages. Managerial implications and areas for further research are also discussed.

scholarly journals Enhancing Trust Between PPP Partners: The Role of Contractual Functions and Information Transparency

SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110382
Author(s):  
Mengyuan Cheng ◽  
Guoliang Liu ◽  
Yongshun Xu ◽  
Ming Chi
Keyword(s):  
Information Disclosure ◽  
Three Dimensions ◽  
Information Transparency ◽  
Positive Effects ◽  
Different Dimensions ◽  
The Impact ◽  
The Relationship ◽  
Moderating Role ◽  
Role Of Information

Contracts are essential for managing the relationship among public–private partnership (PPP) partners. However, the impact of contracts on the trust between partners is unclear, especially in PPP projects. From the multifunctional perspective of contracts, this study aims to investigate how different dimensions of contractual functions affect distinct types of trust and the moderating role of information transparency between them. The empirical results of the data collected from Chinese PPP professionals show that the three dimensions of contractual functions have positive effects on trust, including goodwill trust and competence trust. However, contractual adaptation has the strongest impact. Moreover, information transparency positively moderates the relationship between contractual control, adaptation, and trust. This study provides new insights on contracts and trust in PPP projects. It can guide PPP project partners to value the process of contract design and information disclosure to cultivate specific types of trust.

scholarly journals How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries?

2019 ◽  
Vol 2019 (268) ◽  
Author(s):  
Olumuyiwa Adedeji ◽  
Yacoub Alatrash ◽  
Divya Kirti
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Panel Data ◽  
Interest Rates ◽  
Gulf Cooperation Council ◽  
Bank Profitability ◽  
Gcc Countries ◽  
Pass Through ◽  
The Impact

Given their pegged exchange rate regimes, Gulf Cooperation Council (GCC) countries usually adjust their policy rates to match shifting U.S. monetary policy. This raises the important question of how changes in U.S. monetary policy affect banks in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of changing U.S. interest rates on GCC banks funding costs, asset rates, and profitability. We find stronger pass-through from U.S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks with relatively stable funding costs to explain these findings.

Profit Differentials Between Canadian and U.S. Commercial Banks: the Role of Regulation

1997 ◽  
Vol 57 (3) ◽  
pp. 674-696 ◽  
Author(s):  
Mark W. Nichols ◽  
Jill M. Hendrickson
Keyword(s):  
Commercial Banks ◽  
Regulatory Environment ◽  
Annual Data ◽  
Sample Period ◽  
Bank Profitability ◽  
Securities Investment ◽  
The Impact ◽  
Bank Profits

Using annual data on nationally chartered U.S. and Canadian banks from 1929 to 1989, this article empirically evaluates the impact of various regulations on bank profitability. An intercountry comparison reveals that the less restrictive regulatory environment in Canada has historically resulted in higher bank profits. Specifically, higher leverage, greater securities investment and lending opportunities, and the freedom to establish branch units all significantly contribute to higher bank profitability in Canada. Evidence presented also shows that U.S. banks would have been more profitable over the sample period in a regulatory environment similar to Canada's.

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