scholarly journals Effects of Shareholder Groups on the Factoring Institutions Profitability: Evidence from Germany

2015 ◽  
Vol 7 (11) ◽  
pp. 39 ◽  
Author(s):  
Sven Koch
Keyword(s):  
Financial Institutions ◽  
Trade Credit ◽  
Financial Institution ◽  
Growth Potential ◽  
Balance Sheets ◽  
Capital Financing ◽  
Financial Holding ◽  
Administrative Expenses ◽  
Market Consolidation

<p>The significant role of trade credit in financing large companies and small and medium-sized enterprises leads to high stocks of account receivables within the balance sheets of German firms. As a result the importance of working capital financing is growing and the demand for accounts receivables financing (factoring) increases. The German factoring industry is dominated by banks. In addition to bank-owned financial institutions, many non-bank financial institutions are represented on the market. In a context of a continuing market consolidation, it is of interest whether there are differences in terms of profitability depending on shareholder groups (financial institution, non-financial institution, non holding). The German factoring market is an extremely growing market with further growth potential in an ongoing market consolidation. A further market consolidation is probable because the administrative expenses of small financial institutions and institutions without any holding are high. However, subsidiaries of a financial holding or non-financial holding show significantly lower administrative expenses. The results show that the profitability of the financial institutions is significantly influenced by the shareholders and the size of the institution. Financial institutions of a financial holding (bank-owned) are significantly less profitable than institutions without any holding or institutions of a non-financial holding. A similar picture emerges in the achieved margins of factors.</p>

THE ROLE OF FINANCIAL INSTITUTION MARKETIZATION IN CHINA’S INDUSTRIAL CONTESTABILITY

2018 ◽  
Vol 63 (05) ◽  
pp. 1245-1261
Author(s):  
XIAOHUI HOU ◽  
CHENG LI ◽  
QING WANG
Keyword(s):  
Financial Institutions ◽  
Firm Size ◽  
Conditional Distribution ◽  
Positive Impact ◽  
Financial Institution ◽  
Negative Effect ◽  
Size Of Firms ◽  
Average Size ◽  
Number Of Firms

In this paper, we investigate how the marketization of financial institutions affects China’s industrial contestability. Our empirical results show that a higher degree of marketization of financial institutions is significantly associated with both the operation of more firms and the smaller average size of firms. Moreover, the lower and upper quartiles of the conditional distribution of firm size are all significantly negatively associated with the higher marketization degree of financial institutions, whereas increased financial institution competition and market-oriented allocation of credit funds have greater negative effect on the average size of larger firms, relative to smaller firms. In sum, improvements on the degree of marketization of financial institutions lead to an increase in the number of firms and a reduction in the average size of firms in China’s industry. Therefore, the marketization of financial institutions has a significant positive impact on China’s industrial contestability.

Going from Regulation to Supervision: Support for Paradigm Shift from an Efficiency Study of the Merchant Banking Industry In Singapore

2002 ◽  
Vol 05 (01) ◽  
pp. 31-51 ◽  
Author(s):  
Guan Hua Lim
Keyword(s):  
Financial Institutions ◽  
Paradigm Shift ◽  
Banking Industry ◽  
Financial Institution ◽  
Reliable Indicator ◽  
New Paradigm ◽  
Financial Strength ◽  
Cost Efficiencies ◽  
Over Time

Increasingly we are witnessing a paradigm shift from checklist style regulations of financial institutions to one that emphasizes supervision and the role of the marketplace. Advocates of this new paradigm argue that the size and financial strength of a financial institution does not necessarily equate to excellence and efficiency. This paper offers as evidence from an efficiency study of the merchant banking industry in Singapore that such a paradigm shift is appropriate. The findings of the study indicate that the efficiencies of the merchant banks do not appear to change much over time, profit and cost efficiencies are un-correlated, and that size is not a reliable indicator of efficiency.

scholarly journals The Profitability of Public Enterprises in Pakistan

1984 ◽  
Vol 23 (2-3) ◽  
pp. 147-163 ◽  
Author(s):  
Khwaja Sarmad
Keyword(s):  
Predictive Power ◽  
Public Enterprise ◽  
Ratio Analysis ◽  
Public Enterprises ◽  
Balance Sheets ◽  
The Public ◽  
Analysis Methodology ◽  
Capital Financing ◽  
Profitability Ratios

The importance of the profitability of public enterprise for capital expansion and development has been highlighted in various studies, e.g. in (2], [4] and (5). In Pakistan the increasing role of the public sector in resource mobilization points to the need for analysing public enterprise profitability because of its immense importance for capital financing and growth. This paper analyses the profitability of public enterprises in Pakistan using a Ratio analysis methodology which chooses performance indicators on the basis of their sensitivity to the operational health of the enterprises. The profitability ratios discussed here have been derived from the public-enterprise balance-sheets [9] and constitute the choice-set from which four ratios have been selected on the basis of their predictive power. (See [I], [3], [8] and [10].) In this way, the arbitrariness involved in the choice of the appropriate ratios for analysing enterprise profitability is overcome, even though profitability measurement may still be distorted to such an extent that effective prices diverge from opportunity costs. This makes the task of performance evaluation difficult as such an exercise has to take into account the implications of market distortions. The usefulness of profitability as an indicator of relative inter-firm performance is therefore limited by the fact that prices are administered with reference to products and are not tied to firm experience. But, owing to the lack of data on the required variables, the effect of market distortions on profitability is difficult to analyse.

scholarly journals PERAN ACCOUNT OFFICER DI LEMBAGA KEUANGAN SYARI’AH (Studi Kasus di BMT Citra Mandiri Syari’ah Jepara)

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Fuad Riyadi ◽  
Sri Wahyuni
Keyword(s):  
Financial Institutions ◽  
Financial Institution ◽  
Research Data ◽  
Long Run ◽  
Financing Problem

<p> Account officer has a very important role. This role will affect the level of profit earned by a financial institution. This is because the handler of transactions that occur between the customer and the Financial Institution is in the hands of the account officer. This study aims to analyze the role of account officer in BMT Citra Mandiri Syariah in Jepara. The research data were collected through interviews with the respondents. The results of this study indicate that the role of account officer especially in BMT Citra Mandiri Syariah Jepara is very important. This role can ultimately affect the level of profit to be gained. This is because the role of account officer who handles transactions between customers with financial institutions, including the process of financing problem settlement. In the long run the role of account officer can affect the level of cutomer loyalty.</p><p>Keywords:role,account officer,loyalty<br /><br /></p>

Part I United States, 3 Lehman’s Derivative Portfolio: A Chapter 11 Perspective

2017 ◽  
Author(s):  
Lubben Stephen J
Keyword(s):  
United States ◽  
Financial Institutions ◽  
Financial Institution ◽  
Systemic Risks ◽  
Increased Risk ◽  
Will Force ◽  
Derivatives Markets ◽  
Safe Harbours

This chapter looks at the immediate cause of Lehman’s failure, which it argues was the repo market and the company’s inability to access funding for its operations at that time. Lehman’s derivatives were not the direct cause of its failure, but its derivatives, and the growth of the derivatives markets in general, led to the assumption of outsized risks and systemic weaknesses that facilitated the crisis. This chapter suggests that the continuation of the safe harbours ‘as is’ renders chapter 11 nonviable for larger financial institutions, and recent contractual attempts to work around the safe harbors are insufficient to solve the problem, while the increased role of clearinghouses in financial institution failures will force regulators to confront difficult choices. In short, the regulators will have to balance two competing systemic risks: the risk of an unruly resolution of the financial institution, balanced against increased risk to the clearinghouse.

scholarly journals Investigating the Influence of E-HRM Practices on Organizational Performance: The Mediating Role of Organizational Agility (With Special Reference to Financial Institution)

2021 ◽  
Vol 11 (1) ◽  
pp. 1-8
Author(s):  
A .D .S .Thathsara ◽  
Jayaranjani Sutha
Keyword(s):  
Organizational Performance ◽  
Financial Institutions ◽  
Financial Stability ◽  
Financial Institution ◽  
Pearson Correlation ◽  
Organizational Agility ◽  
Mediating Role ◽  
Hrm Practices ◽  
The Impact

Electronic Human Resource Management (E-HRM) came into existence as a result of the evolution of new technology and it leads to eliminating the administrative burden on HR professionals. Financial institutions are the heart of the financial stability of the economy. Nowadays most financial institutions are widely adopting E-HRM practices in order to achieve sustainable competitive advantage. However, it has been observed that there is a lack of empirical studies regarding this phenomenon in the Sri Lankan context. The main contribution of this study is to enrich the knowledge and investigate the impact of E-HRM practices on organizational performance under the mediation role of organizational agility. Thus, the study focusses on to examine how E-HRM impacts organizational performance, and to determine the mediating role of organizational agility between E-HRM and OP. Questionnaires were distributed by using a convenience sampling method to collect primary data from 40 financial institutions in Sri Lanka. Data analysis was performed using Pearson correlation analysis, regression analysis, descriptive statistics, Baron and Kenny mediator analysis method, and Sobel test. Results of the analysis indicated that E-HRM practices significantly and positively impact organizational performance while organizational agility mediates the relationship between E-HRM practices and OP. Outcomes of this study provided implications like enhancing available literature, to understand the real impact of E-HRM on organizational performance to HR managers. This study also suggests some further research areas for future research.

scholarly journals Financial institutions using social media – do consumers perceive value?

2016 ◽  
Vol 34 (1) ◽  
pp. 9-36 ◽  
Author(s):  
Paula Dootson ◽  
Amanda Beatson ◽  
Judy Drennan
Keyword(s):  
Social Media ◽  
Financial Institutions ◽  
Financial Institution ◽  
Perceived Value ◽  
Perceived Usefulness ◽  
Content Type ◽  
Time Points ◽  
Intention To Adopt ◽  
Adoption Intention

Purpose – The purpose of this paper is to examine consumer perceptions of value of financial institutions using social media to interact with consumers; if overall perceived value predicts a consumer’s intention to adopt, and if intention predicts self-reported adoption of social media to interact with a financial institution; and if perceptions of value in using social media to interact with a financial institution changes over time. Design/methodology/approach – Self-administered surveys were run at two time points; 2010 and 2014. Data were analyzed using multiple and mediated regressions, and t-tests. Comparisons are made between the two time points. Findings – Perceived usefulness, economic value, and social value predicted overall perceived value, which in turn predicted a consumer’s intention to adopt social media to interact with a financial institution. At Time 2, adoption intention predicted self-reported usage behavior. Finally, there were significant differences between perceptions across Time 1 and 2. Research limitations/implications – The implications of the research highlight the importance of overall perceived value in the role of adoption intention, and that at Time 2, adoption intention predicted self-reported adoption to read and share content. A reduction in perceptions of value and intentions from Time 1 to Time 2 could be explained by perceptions of technology insecurity. In future studies, the authors recommend examining inhibitors to adoption including hedonic value. Practical implications – The findings suggest that consumers will use social media if the sector creates and clearly articulates consumer value from using social media. The sector also needs to address technology security perceptions to increase usage of social media. Originality/value – This paper is one of the first to investigate the consumer’s perspective in social media adoption by financial institutions, by exploring the role of value in consumer adoption and usage of social media.

scholarly journals Model of Working Capital Financing of Mekaar Pruducts in Sme‘s Empowerment Framework at PT. Permodalan Nasional Madani in Surabaya

2019 ◽  
Vol 1 (1) ◽  
pp. 264-275
Author(s):  
Nurul Fatmawati
Keyword(s):  
Financial Institutions ◽  
Primary Data ◽  
Average Score ◽  
Working Capital ◽  
Joint System ◽  
External Data ◽  
Capital Financing ◽  
Qualitative Descriptive ◽  
Descriptive Approach

The purpose of this study was to determine the role of microfinance / non-bank institutions in the pre-prosperous female SME empowerment program at PT. Permodalan Nasional Madani in Surabaya. This research method uses a qualitative descriptive approach, the data used in this study are primary data with internal and external data sources. This research was conducted by conducting surveys, interviews, documentation, and questionnaires on 12 respondents from a total of 30 respondents who were still active as customers at PNM Mekaar Surabaya. The results and findings of this study reveal that the joint system of working capital financing is very effective for SMEs, especially for financial institutions whose targets are pre-prosperous women. This is reflected in the average score of perceptions for 15 statements of 75.8%, while each statement has a score of 62.3%, therefore the reconstruction of the financing model is said to be good.

scholarly journals ISU KONTEMPORER PERAN NOTARIS DALAM AKAD MURABAHAH DI LEMBAGA KEUANGAN SYARI’AH

2019 ◽  
Vol 4 (1) ◽  
pp. 141
Author(s):  
Dudi Badruzaman
Keyword(s):  
Financial Institutions ◽  
Product Innovation ◽  
Growth And Development ◽  
Financial Institution ◽  
Added Value ◽  
Muslim Community ◽  
Power Of Attorney ◽  
Service Function ◽  
Descriptive Method

ABSTRACT In the growth and development of the Islamic Financial Institution (LKS) in Indonesia, there are three major challenges: First: how LKS can be an alternative financial institution for the community, especially the Muslim community. Second: Product innovation and growth must develop and still be able to compete with conventional financial institutions. And third: the products offered must still maintain the principles of Islamic shari'a. In providing guarantees of safety and comfort to customers, the role of the notary in the LKS is to provide legality. In the service function, a notary who has an attitude of honesty, fairness, transparency and neutrality (impartial to anyone) becomes an added value for the community to trust sharia financial institutions as a place for murabahah financing contracts that use collateral / collateral as a condition of the financing contract. With the descriptive method, this paper describes how the position and role of the notary in the Murabahah contract in the Syari'ah Financial Institution. In Murabahah financing, the role of the notary as a general official making deed becomes the legal strength of the parties in: making a Deed of Sale (AJB), Fiduciary contract / agreement, Power of Attorney (SKMHT) and Deed of Recognition (APHT) and Recognition Deed Debt. So that the parties who are in agreement can get a guarantee that is legally binding on the contract and can be used as an authentic deed if there is a dispute or something else related to the law. Keywords: Notary Role, Murabahah Agreement, LKS, Authentic Deed.                                                                                                                                                                                       ABSTRAKDalam pertumbuhan dan perkembangan Lembaka Keuangan Syari’ah (LKS) di Indonesia, terdapat tiga tantangan besar:, Pertama: bagaimana LKS bisa menjadi lembaga keuangan alternatif bagi masyarakat, khusunya ummat Islam. Kedua: Inovasi dan pertumbuhan produk harus berkembangan dan tetap bisa bersaing dengan lembaga keuangan konvensional. Dan ketiga: produk-produk yang ditawarkan harus tetap memepertahankan prinsip-prinsip syari’at Islam. Dalam memberikan jaminan keamanan dan kenyamanan pada nasabah, peran notaris di LKS sebagaipemberi  legalitas (kekuatan hukum). Pada fungsi pelayanan, notaris yang memiliki sikap kejujuran, keadilan, transparansi dan netral (tidak memihak siapapun) menjadi nilai tambah untuk masyarakat dapat mempercayai lembaga keuangan syariah sebagai wadah tempat terjadinya akad pembiayaan murabahah yang menggunakan agunan/jaminan sebagai syarat akad pembiayaan tersebut. Dengan metode deskriptif, tulisan ini menguraikan bagaimana kedudukan dan peran notaris dalam akad Murabahah dalam Lembaga Keuangan Syari’ah.  Dalam pembiayaan Murabahah, peran notaris sebagai pejabat umum pembuat akta menjadi kekuatan hukum para pihak dalam: membuat Akta Jual Beli (AJB), akad/perjanjian Fidusia, Surat Kuasa Membebankan Hak Tanggungan (SKMHT) dan Akta Pemberian Hak Tanggungan (APHT) dan Akta Pengakuan Hutang. Sehingga para pihak yang berakad sama-sama mendapatkan jaminan yang berkekuatan hukum atas akadnya dan bisa dipergunakan sebagai akta otentik jika dikemudian hari terdapat sengketa atau hal lain yang berkaitan dengan hukum.Kata kunci: Peran Notaris, Akad Murabahah, LKS, Akta Otentik.   

scholarly journals Strength of Fiduciary Deed in the Implementation of Bad Credit Execution by Financial Institutions

2020 ◽  
Vol 7 (5) ◽  
pp. 593
Author(s):  
Mezi Okta Yolanda ◽  
Busyra Azheri ◽  
Wetria Fauzi
Keyword(s):  
Financial Institutions ◽  
Financial Institution ◽  
Government Agencies ◽  
Legal Basis ◽  
The Law ◽  
Notary Public ◽  
Two Stages

As a result of a Fiduciary Guarantee that is not made a fiduciary certificate or in authentic form before a Notary Public, the Fiduciary Guarantee object has no immediate execution rights. When there is default or congestion from the consumer, the financial institution cannot execute the object of the guarantee. Financial institutions actually execute unilaterally without going through relevant government agencies and based on applicable laws. The making of a fiduciary deed by a notary is carried out through two stages in accordance with Law Number 42 of 1999 Concerning fiduciary guarantees, namely through the stages of loading and registration. Charges with fiduciary guarantees are made with a notarial deed, the notary is required to make a fiduciary guarantee deed by taking into account the procedure for loading, loading fees and the period of loading. After the fiduciary guarantee deed has been signed by the parties concerned, after that the registration of the fiduciary deed will be registered at the fiduciary registration office. As a result, the strength of the fiduciary deed made by a notary setting the position of the fiduciary deed and the role of the notary in making fiduciary deed. 1) Law Number 42 of 1999 concerning Fiduciary Guarantee states that the person authorized to make a Fiduciary Deed is a notary, while Article 17 of Law Number 2 of 2014 amendments to Law Number 30 of 2004 concerning Notary Position stipulates that the Notary Public is only authorized to make an authentic deed in the jurisdiction or jurisdiction.Obstacles in the settlement of bad debts, namely the existence of resistance by the debtor against the execution auction plan that does not have a clear legal basis, because it is only based on unilateral recognition without proof or acknowledgment from the Debtor. Because legally the position of the debtor as the creditor holding the Fiduciary Guarantee is already strong, because all the guarantee documents are notarized and based on the law, the document is an authentic deed that has perfect proofing power before the judge.

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