The paper provides evidence about herd behavior in financial market. Explains psycology of herd b... more The paper provides evidence about herd behavior in financial market. Explains psycology of herd behavior, the conditions and the causes under which her behavior occurs in equity market. Work is an overview of the recent theoretical and empirical researches on herd behavior in global financial market, trying to answer the question, does the herd behavior exist in equity market?
The paper provides evidence about Basel II, as international banking regulations failure in recen... more The paper provides evidence about Basel II, as international banking regulations failure in recent global financial crisis. It describes old and new banking regulations main aspects on the base of before and during financial crisis periods. Banks’ holding of reasonable capital buffers in excess of minimum requirements could alleviate the procyclicality problem potentially exacerbated by the rating-sensitive capital charges of Basel II. Determining the sufficient buffer size is an important risk management task for banks. Actual bank capital is driven by bank income and default losses, whereas capital requirements within Basel II are driven by rating transitions. New regulatory approach to measuring capital adequacy appears consistent with banks’ own risk evaluations. The purpose of the paper is to show Basel II’s role in financial crisis based on qualitative inductive research. Also paper mentions some political aspects of modern banking regulations and future suggestions and recomm...
This study examines the impact of bank-specific and macroeconomic determinants on the profitabili... more This study examines the impact of bank-specific and macroeconomic determinants on the profitability of commercial banks in Georgia, where banks tend to be the largest part of the financial system, with free market systems and liberalization policies similar to those in other transition economies, using panel data analysis and random forest method (RVI) is implemented as a robustness check. The profitability indicators return on asset (ROA), return on equity (ROE), and net interest margin (NIM), all of which have been extensively utilized as indicators of profitability in previous research, were employed. The research indicates that the three most significant bank-specific factors are net loans, nonperforming loans, and capital adequacy ratios. Other bank-specific factors such as asset size and liquidity ratio have statistically minor effects on bank profitability. The other macroeconomic determinant, inflation rate, has no effect on the profitability performance levels of the banks...
The new wave of mergers and acquisitions after the global financial crisis intensified the intere... more The new wave of mergers and acquisitions after the global financial crisis intensified the interest of policy makers and academics inbank concentration and competition and the role of the state in competition policies and regulations (policies and laws that affect themarket structure and degree of competition). It is important to not only make sure that the banking sector is competitive, transparentand efficient but also stable.The purpose of the study was to investigate and analyze the degree of concentration at the Moldovan banking market and itsimpact on competition and market structure of financial markets over the period of 2013-2017. Both structural and non-structuralmeasurement approaches of concentration and competition along with the desk research, a case study and interviews with thefinancial sector professionals and independent expert were employed to address the research purpose.The findings of the study indicate that in the developing country such as Moldova high concen...
Literatürde, hisse senedi getirileri ve makroekonomik değişkenler arasındaki ilişkinin nedensel t... more Literatürde, hisse senedi getirileri ve makroekonomik değişkenler arasındaki ilişkinin nedensel tarafını keşfetmek için birçok ampirik çalışma vardır. Bu çalışma, Gürcistan 2010:12 etmek 2001:01 dönemini kapsayan aylık veriler uygulayarak, hisse senedi fiyatları ve faiz oranı, enflasyon, döviz kuru ve para arzı gibi makroekonomik faktörler arasındaki nedensel ilişkiyi ele almak istiyor. Kağıt üç bölümden oluşmaktadır: Birinci bölümde genel olarak doğa ve volatilite özelliklerini açıkladı ve hisse senedi piyasası oynaklığını etkileyen makroekonomik faktörleri de son küresel mali kriz geçirerek tartışıldı. İkinci bölümü de Gürcü Sermaye ve Borsası gözden geçirilmesidir. Bölüm üç hisse senedi getirileri ve makroekonomik değişkenler arasındaki ilişkinin nedensel tarafını keşfetmek, Gürcistan Menkul Kıymetler Borsası üzerine ampirik kanıttır. Granger nedensellik modeli böyle ilişkileri keşfetmek için kullanılır. Çalışmanın sonuçları, faiz oranı (INT), enflasyon (TÜFE), para arzı (M2, M1)...
The paper provides evidence about herd behavior in financial market. Explains psycology of herd b... more The paper provides evidence about herd behavior in financial market. Explains psycology of herd behavior, the conditions and the causes under which her behavior occurs in equity market. Work is an overview of the recent theoretical and empirical researches on herd behavior in global financial market, trying to answer the question, does the herd behavior exist in equity market?
The new wave of mergers and acquisitions after the global financial crisis intensified the intere... more The new wave of mergers and acquisitions after the global financial crisis intensified the interest of policy makers and academics in bank concentration and competition and the role of the state in competition policies and regulations (policies and laws that affect the market structure and degree of competition). It is important to not only make sure that banking sector is competitive, transparent and efficient, but also stable. The purpose of the study was to investigate and analyze the degree of concentration in Estonian banking market and its impact on competition and market structure of financial markets over the period of 2013-2017. Both the structural and the non-structural measurement approaches of concentration and competition, along with the desk research, a case study and interviews with the financial sector professionals and an independent expert was employed to address research purpose. The findings of the study indicate that, in the Post-Soviet and nowadays EU member co...
The paper provides evidence about herd behavior in financial market. Explains psycology of herd b... more The paper provides evidence about herd behavior in financial market. Explains psycology of herd behavior, the conditions and the causes under which her behavior occurs in equity market. Work is an overview of the recent theoretical and empirical researches on herd behavior in global financial market, trying to answer the question, does the herd behavior exist in equity market?
The paper provides evidence about Basel II, as international banking regulations failure in recen... more The paper provides evidence about Basel II, as international banking regulations failure in recent global financial crisis. It describes old and new banking regulations main aspects on the base of before and during financial crisis periods. Banks’ holding of reasonable capital buffers in excess of minimum requirements could alleviate the procyclicality problem potentially exacerbated by the rating-sensitive capital charges of Basel II. Determining the sufficient buffer size is an important risk management task for banks. Actual bank capital is driven by bank income and default losses, whereas capital requirements within Basel II are driven by rating transitions. New regulatory approach to measuring capital adequacy appears consistent with banks’ own risk evaluations. The purpose of the paper is to show Basel II’s role in financial crisis based on qualitative inductive research. Also paper mentions some political aspects of modern banking regulations and future suggestions and recomm...
This study examines the impact of bank-specific and macroeconomic determinants on the profitabili... more This study examines the impact of bank-specific and macroeconomic determinants on the profitability of commercial banks in Georgia, where banks tend to be the largest part of the financial system, with free market systems and liberalization policies similar to those in other transition economies, using panel data analysis and random forest method (RVI) is implemented as a robustness check. The profitability indicators return on asset (ROA), return on equity (ROE), and net interest margin (NIM), all of which have been extensively utilized as indicators of profitability in previous research, were employed. The research indicates that the three most significant bank-specific factors are net loans, nonperforming loans, and capital adequacy ratios. Other bank-specific factors such as asset size and liquidity ratio have statistically minor effects on bank profitability. The other macroeconomic determinant, inflation rate, has no effect on the profitability performance levels of the banks...
The new wave of mergers and acquisitions after the global financial crisis intensified the intere... more The new wave of mergers and acquisitions after the global financial crisis intensified the interest of policy makers and academics inbank concentration and competition and the role of the state in competition policies and regulations (policies and laws that affect themarket structure and degree of competition). It is important to not only make sure that the banking sector is competitive, transparentand efficient but also stable.The purpose of the study was to investigate and analyze the degree of concentration at the Moldovan banking market and itsimpact on competition and market structure of financial markets over the period of 2013-2017. Both structural and non-structuralmeasurement approaches of concentration and competition along with the desk research, a case study and interviews with thefinancial sector professionals and independent expert were employed to address the research purpose.The findings of the study indicate that in the developing country such as Moldova high concen...
Literatürde, hisse senedi getirileri ve makroekonomik değişkenler arasındaki ilişkinin nedensel t... more Literatürde, hisse senedi getirileri ve makroekonomik değişkenler arasındaki ilişkinin nedensel tarafını keşfetmek için birçok ampirik çalışma vardır. Bu çalışma, Gürcistan 2010:12 etmek 2001:01 dönemini kapsayan aylık veriler uygulayarak, hisse senedi fiyatları ve faiz oranı, enflasyon, döviz kuru ve para arzı gibi makroekonomik faktörler arasındaki nedensel ilişkiyi ele almak istiyor. Kağıt üç bölümden oluşmaktadır: Birinci bölümde genel olarak doğa ve volatilite özelliklerini açıkladı ve hisse senedi piyasası oynaklığını etkileyen makroekonomik faktörleri de son küresel mali kriz geçirerek tartışıldı. İkinci bölümü de Gürcü Sermaye ve Borsası gözden geçirilmesidir. Bölüm üç hisse senedi getirileri ve makroekonomik değişkenler arasındaki ilişkinin nedensel tarafını keşfetmek, Gürcistan Menkul Kıymetler Borsası üzerine ampirik kanıttır. Granger nedensellik modeli böyle ilişkileri keşfetmek için kullanılır. Çalışmanın sonuçları, faiz oranı (INT), enflasyon (TÜFE), para arzı (M2, M1)...
The paper provides evidence about herd behavior in financial market. Explains psycology of herd b... more The paper provides evidence about herd behavior in financial market. Explains psycology of herd behavior, the conditions and the causes under which her behavior occurs in equity market. Work is an overview of the recent theoretical and empirical researches on herd behavior in global financial market, trying to answer the question, does the herd behavior exist in equity market?
The new wave of mergers and acquisitions after the global financial crisis intensified the intere... more The new wave of mergers and acquisitions after the global financial crisis intensified the interest of policy makers and academics in bank concentration and competition and the role of the state in competition policies and regulations (policies and laws that affect the market structure and degree of competition). It is important to not only make sure that banking sector is competitive, transparent and efficient, but also stable. The purpose of the study was to investigate and analyze the degree of concentration in Estonian banking market and its impact on competition and market structure of financial markets over the period of 2013-2017. Both the structural and the non-structural measurement approaches of concentration and competition, along with the desk research, a case study and interviews with the financial sector professionals and an independent expert was employed to address research purpose. The findings of the study indicate that, in the Post-Soviet and nowadays EU member co...
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