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  • MPI Ethno. Forsch.  (2)
  • 2000-2004  (2)
  • Capaul, Mierta  (1)
  • Grigorian, A. David  (1)
  • Washington, D.C : The World Bank  (2)
  • Banks and Banking Reform  (2)
  • 1
    Online Resource
    Online Resource
    Determinants of Commercial Bank Performance in Transition : An Application of Data Envelopment Analysis (2002)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grigorian, A. David Determinants of Commercial Bank Performance in Transition
    Keywords: Bank ; Banking ; Banking System ; Banks ; Banks and Banking Reform ; Consolidation ; Credit Enterprises ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Services ; Macroeconomic Stabilization ; Private Sector Development ; Privatization ; Profitability ; Bank ; Banking ; Banking System ; Banks ; Banks and Banking Reform ; Consolidation ; Credit Enterprises ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Services ; Macroeconomic Stabilization ; Private Sector Development ; Privatization ; Profitability ; Bank ; Banking ; Banking System ; Banks ; Banks and Banking Reform ; Consolidation ; Credit Enterprises ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Services ; Macroeconomic Stabilization ; Private Sector Development ; Privatization ; Profitability
    Abstract: Banking sectors in transition economies have experienced major transformations throughout the 1990s. While some countries have been successful in eliminating underlying distortions and restructuring their financial sectors, in some cases financial sectors remain underdeveloped and the rates of financial intermediation continue to be quite low. Grigorian and Manole estimate indicators of commercial bank efficiency by applying a version of Data Envelopment Analysis (DEA) to bank-level data from a wide range of transition countries. They further extend the analysis by explaining the differences in efficiency between financial institutions and countries by a variety of macroeconomic, prudential, and institutional variables. In addition to stressing the importance of some bank-specific variables, the censored Tobit analysis suggests that: - Foreign ownership with controlling power and enterprise restructuring enhance commercial bank efficiency. - The effects of prudential tightening on the efficiency of banks vary across different prudential norms. - Consolidation is likely to improve efficiency of banking operations. Overall, the results confirm the usefulness of DEA for transition-related applications and may shed light on the optimal architecture of a banking system. This paper--a product of the Private and Financial Sector Development Unit, Europe and Central Asia Region--is part of a larger effort in the region to disseminate the results of research on transition issues. The authors may be contacted at dgrigorianimf.org or manole@wueconc.wustl.edu
    URL: Volltext  (Deutschlandweit zugänglich)
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    MPI Ethno. Forsch.
  • 2
    Online Resource
    Online Resource
    The State of Corporate Governance : Experience from Country Assessments (2002)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fremond, Olivier The State of Corporate Governance
    Keywords: Access To Capital ; Bank Policy ; Banks and Banking Reform ; Capacity Building ; Capital Allocation ; Corporate Governance ; Corporate Law ; Debt Markets ; Emerging Markets ; Equity ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Good ; Governance ; Governance Indicators ; International Financial Institutions ; Law and Development ; Lending ; Microfinance ; National Governance ; Private Sector Development ; Access To Capital ; Bank Policy ; Banks and Banking Reform ; Capacity Building ; Capital Allocation ; Corporate Governance ; Corporate Law ; Debt Markets ; Emerging Markets ; Equity ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Good ; Governance ; Governance Indicators ; International Financial Institutions ; Law and Development ; Lending ; Microfinance ; National Governance ; Private Sector Development ; Access To Capital ; Bank Policy ; Banks and Banking Reform ; Capacity Building ; Capital Allocation ; Corporate Governance ; Corporate Law ; Debt Markets ; Emerging Markets ; Equity ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Good ; Governance ; Governance Indicators ; International Financial Institutions ; Law and Development ; Lending ; Microfinance ; National Governance ; Private Sector Development
    Abstract: Corporate governance deals with the ways in which the rights of outside suppliers of equity finance to corporations are protected and receive a fair return. Good practices reduce the risk of expropriation of outsiders by insiders and thus the cost of capital for issuers. Capaul and Fremond review the experience of the preparation of 15 corporate governance country assessments across five continents. The assessments have been prepared under the umbrella of the joint World Bank/IMF initiative of the "Reports on the Observance of Standards and Codes" (ROSCs). The assessments focus on the rights of shareholders, the equitable treatment of shareholders, the role of stakeholders, disclosure and transparency, and the duties of the board of listed companies, and use the OECD Principles of Corporate Governance as benchmark. The authors give an overview of the actual and potential contribution of the assessments to policy dialogue, diagnostic and strategic work, lending and nonlending operations, and technical assistance and capacity, and presents the unfinished agenda. This paper—a product of the Corporate Governance Unit, Private Sector Advisory Services Department—is part of a larger effort in the department to disseminate lessons learned in the assessment of the compliance of countries to global standards. The authors may be contacted at ofremondworldbank.org or mcapaul@worldbank.org
    URL: Volltext  (Deutschlandweit zugänglich)
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    Online Resource
    MPI Ethno. Forsch.
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