scholarly journals The implications for bank risk posed by the bail-in amendments to the ranking of unsecured senior debt instruments in insolvency hierarchy

2021 ◽  
Vol 10 (2) ◽  
pp. 108-117
Author(s):  
Laurence Jones ◽  
Enrico Geretto ◽  
Maurizio Polato ◽  
Giulio Velliscig
Keyword(s):  
Side Effects ◽  
Panel Data ◽  
Bank Risk ◽  
Panel Data Regression ◽  
Data Regression ◽  
Bank Managers ◽  
Before And After ◽  
Asset Class ◽  
European Banks

Given the scarce empirical research supporting the branch of literature investigating the shortcomings of the bail-in regime (Hadjiemmanuil, 2015; Walther & White, 2020; Tröger, 2020), this paper offers a contribution in this regard investigating the implications for bank risk posed by the amendments to the unsecured senior debt asset class required to enhance the bail-in regime. To this purpose, we use a sample of 46 banks distributed over 17 European countries over the period of Q1 2010–Q4 2019. We thus run a fixed effect panel data regression over the entire period and also over the subperiods before and after the start of the overhaul of the unsecured senior debt asset class. Our main result points out the significant role of unsecured senior debt in explaining bank’s risk after the start of the amendments campaign which allowed this asset class to serve the enhancement of the bail-in regime. We attribute this result to the uncertain gone-concern loss-absorbing capacity of unsecured senior debt and its material cost exacerbated by the bail-in buffer shortfall of many European banks. Our result pique policymakers’ attention to the side-effects of the amendments to the bail-in regime and further guide bank managers’ decisions about regulatory funding strategies.

scholarly journals Board mechanisms and corporate market value: Panel Data Evidence from Jordan)

Accounting ◽  
2021 ◽  
pp. 257-268 ◽  
Author(s):  
Fawzi A. Al Sawalqa
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
Audit Committee ◽  
Random Effect ◽  
Market Value ◽  
Board Size ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect

The study examines the effect of board size, frequency of board meetings and frequency of audit committee meetings on the market value of 11 Jordanian commercial banks as measured by Tobin’s Q. Random effect panel data regression is employed to test the study hypotheses. Results reveal that board size has a significant and negative effect on bank market value. Results also show that frequency of board meetings has no effect on bank value, while the frequency of audit committee meetings has a significant and positive effect on bank value. The results suggest that the argument of agency theory and resource independence theory towards the role of board and its committees in supporting firm value should be always combined with the appropriate size. Accordingly, one important implication of the study is that the selection of an appropriate number of board members and the prior effective preparation for their meetings are critical factors to enhance the value of banks in Jordan.

scholarly journals PERAN PEBANKAN SYARIAH TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

2020 ◽  
Vol 9 (2) ◽  
Author(s):  
Ilhamdi Ilhamdi
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Gross Domestic Product ◽  
Positive Impact ◽  
Secondary Data ◽  
Islamic Banking ◽  
Panel Data Regression ◽  
Data Regression ◽  
Conventional Banks

This study aims to determine the role of Islamic banking on economic growth in Indonesia and to compared it with conventional banks. In recent years, Islamic banking has increased in terms of assets. By using panel data regression, this study examines the effect of Islamic banking on economic growth. Besides that, how big is the level of elasticity to economic growth. This study uses secondary data in the form of Gross Domestic Product (GDP), Islamic banking financing and credit by conventional banks. The results showed that Islamic banking and conventional banks had a positive impact on economic growth with the level of elasticity of Islamic banking still below conventional banks. So the existence of Islamic and conventional banks does not always replace, but complement each other in Indonesia.

Analisa Ketimpangan Pembangunan Ekonomi Pada Setiap Sektor Kecamatan Di Kabupaten Cilacap Tahun 2013-2018

CICES ◽  
2019 ◽  
Vol 5 (2) ◽  
pp. 159-170
Author(s):  
Sendy Zul Friandi ◽  
Adinda Heryuningtyas ◽  
Anggi Rechandini
Keyword(s):  
Economic Development ◽  
Panel Data ◽  
Population Growth ◽  
Level Of Education ◽  
Panel Data Regression ◽  
Analysis Technique ◽  
Data Regression ◽  
Poor Families ◽  
Positive Effect

The research aims to: 1) Be able to know about the development of economic development in each sub-sector starting from 2013 to 2018. 2) Can know the role of the component influence on regional share growth towards the imbalance of economic development in each sub-sector of the district 3) Can know the role of the component influence on proportional shift growth towards the imbalance of economic development in each sector of the sub-district. 4) Can know the role of component influence on the competitive shift growth in economic development imbalances in each sector of the sub-district. 5) Can know the role of the influence of the number of population with the level of education of High School and Higher Education towards the imbalance of economic development in each sector of the sub-district. 6) Can know the effect of the total number of poor families on the imbalance of economic development in each sector of the sub-district. 7) Can know the effect of migration population growth on the imbalance of economic development in each sector of the sub-district.This research is also a descriptive and quantitative study. The data used in this study were secondary data types from 24 sub-districts in Cilacap Kabupaten taken in 2013-2018. The analysis technique that I use for the descriptive analysis method is using the Klassen Tipology matrix, while the quantitative analysis technique that I use to process panel data regression analysis is the Fixed Effect model.The results of this study can show that: 1) Based on Klassen's Tipology, not all sub-districts can experience positive development of economic development, because there are ten sub-districts that have declined to become negative fluctuating regions and have declined to relatively lagging regions. 2) Analysis using panel data regression can show regional share growth component variables that are not included or omitted from a model. 3) Component variable proportional shift growth does not only significantly influence the imbalance of economic development in the sub-district sector. 4) Variable components of competitive shift growth are seen to have a significant and positive effect on the inequality of economic development in the sub-district sector. 5) Variable number of population with the level of education of senior secondary and tertiary education has a significant and positive effect on the imbalance of economic development in the sub-district sector. 6) Variables of the number of poor families can have a significant and negative effect on the imbalance of economic development in the sub-district sector. 7) Variable migration population growth does not significantly influence the imbalance of economic development in the sub-district sector.

scholarly journals Does Labor Union Utility Increase Workers’ Organizational Commitment and Job Satisfaction? The Moderating Role of Labor Union Membership

2018 ◽  
Vol 4 ◽  
pp. 237802311881343
Author(s):  
Intae Choi
Keyword(s):  
Job Satisfaction ◽  
Regression Analysis ◽  
Organizational Commitment ◽  
Panel Data ◽  
Labor Union ◽  
Panel Study ◽  
Panel Data Regression ◽  
Data Regression ◽  
Moderating Role

The purpose of this study is to address whether labor union members’ organizational commitment and job satisfaction are more influenced by labor union utility than those of nonunion employees. This study uses data from the Korean Labor and Income Panel Study published by the Korea Labor Institute. The study’s methodology employs panel data regression analysis. The findings are that labor union utility increases workers’ organizational commitment and job satisfaction and that these effects are positively greater for labor union members than nonunion employees.

scholarly journals PENGARUH GOOD CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP KINERJA KEUANGAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Author(s):  
Elvina Agustin
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Financial Performance ◽  
Audit Committee ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
Data Regression

The financial performance of State-Owned Enterprises has decreased from 2015 to Q12016 because of rising NPLs or bad loans. The role of the organization in the company will give effectto the financial performance. This study aims to determine the influence of the Board ofCommissioners, Audit Committee, and Leverage on Performance Banking finance. The sample used isthe financial sector companies in the year 20012-2016 amounted to 45 samples. The type of data usedis secondary data. The hypothesis in this research is tested by using panel data regression analysis.The result of the hypothesis test shows that the board of commissioners has negative and insignificanteffect, the audit committee has positive and insignificant impact on the company's financialperformance (ROA). Leverage has a negative and insignificant impact on ROA

A mechanism to improve the allocation of public investment funds

2020 ◽  
Vol 26 (7) ◽  
pp. 1522-1533
Author(s):  
A.V. Larionov
Keyword(s):  
Panel Data ◽  
Random Effects ◽  
Public Investment ◽  
Allocative Efficiency ◽  
Investment Funds ◽  
The Public ◽  
Panel Data Regression ◽  
Data Regression ◽  
Efficiency And Effectiveness ◽  
Effective System

Subject. This article deals with the issue of improving the public investment allocative efficiency. Objectives. The article aims to develop an approach to improve the efficiency and effectiveness of public investment in the economy. Methods. The study is based on a panel data regression with random effects. Conclusions and Relevance. All sectors of the economy have different demand for investment resources attracted, determined by operational and technological aspects. The results of the study can be used to develop an effective system of public investment.

Determinants Of Capital Structure For Multinational And Domestic Companies In India: Panel Data Regression Model

2019 ◽  
Vol 118 (7) ◽  
pp. 147-154
Author(s):  
K. Maheswari ◽  
Dr. J. Gayathri ◽  
Dr. M. Babu ◽  
Dr.G. Indhumathi
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Regression Model ◽  
Business Risk ◽  
Return On Assets ◽  
Panel Data Regression ◽  
Data Regression ◽  
Return On Capital ◽  
Domestic Companies ◽  
The Capital Structure

The capital structure refers to the components of capital needed to establish and expand its business activities. The study was made with an objective to examine the determinants of capital structure of multinational and domestic companies listed in S&P BSE automobile sector. The study concluded that there is significant impact on capital structure determinants such as size, business risk, non debt shield tax, return on assets, tangibility, profit, return on capital employed and liquidity on the capital structure of multinational and domestic companies of Indian Automobile Sector.  

FAKTOR DETERMINAN PEMBENTUK STRUKTUR MODAL PADA PERUSAHAAN SEKTOR FARMASI PERIODE 2012 - 2016

2017 ◽  
Vol 2 ◽  
pp. 241-250
Author(s):  
Neng Ria Kanita ◽  
Hendryadi Hendryadi
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Pharmaceutical Manufacturing ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Data Regression ◽  
Partial Effects

This study aims to examine the simultaneous and partial effects of profitability, liquidity, and firm size on capital structure. The sample is 10 pharmaceutical manufacturing companies listed in Indonesia Stock Exchange period 2012-2016, using purposive sampling. The technique of analysis used is panel data regression (pooled regression). The results showed that the selected model is the fixed effect. Simultaneously NPM, CR, and Firm Size have a significant effect on capital structure. Partially NPM has a negative and significant effect on capital structure. CR partially have a negative and not significant effect on capital structure. Partially Firm Size have a positive and significant effect on capital structure. Variables that have a significant effect on capital structure are NPM and Firm Size. While CR does not significantly affect the capital structure. Keywords: Capital Structure, Profitability, Liquidity, Firm Size

A Study of Multilayered Profitability Analysis by Using DuPont Model: Evidence from Indian Pharmaceutical Industry

2021 ◽  
pp. 097215092199305
Author(s):  
Pinku Paul
Keyword(s):  
Panel Data ◽  
Pharmaceutical Industry ◽  
Profit Margin ◽  
Pharmaceutical Firms ◽  
Sustainable Performance ◽  
Profitability Analysis ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Positive Effect

Profitability is used as a prime indicator to measure the sustainable performance of an organization. The current study made an attempt to apply the DuPont model to investigate the multilevel profitability determinants for the pharmaceutical industry of India. The study also estimates an empirical model to predict the association of profitability with factors such as profit margin, asset utilization, leverage, interest load and tax load of firms in the pharmaceutical industry of India. For this purpose, a dataset for 170 companies from 2010–2011 to 2018–2019 was analysed initially by using panel data regression followed by stepwise panel data regression. The study successfully applied and tested the DuPont model with respect to the firms of the pharmaceutical industry in India. It was found that the factors such as profit margin, asset utilization and leverage had a significant positive effect on the firms’ profitability and the factor interest load had a significant negative effect on the firms’ profitability. The tax load does not have an impact on the profitability of the pharmaceutical firms in India. These findings are expected to provide a guide for understanding the profitability of the firms in a better way.

Using information from singletons in fixed-effects estimation: xtfesing

2020 ◽  
Vol 20 (4) ◽  
pp. 965-975
Author(s):  
Laura Magazzini ◽  
Randolph Luca Bruno ◽  
Marco Stampini
Keyword(s):  
Panel Data ◽  
Method Of Moments ◽  
Fixed Effects ◽  
Generalized Method Of Moments ◽  
Panel Data Regression ◽  
Data Regression ◽  
Method Of Moments Estimator ◽  
Fixed Effects Estimation

In this article, we describe the xtfesing command. The command implements a generalized method of moments estimator that allows exploiting singleton information in fixed-effects panel-data regression as in Bruno, Magazzini, and Stampini (2020, Economics Letters 186: Article 108519).

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