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Mandatory inclusive finance policy and small banks’ operating performance: Evidence from China
Abstract
We take the mandatory establishment of the Inclusive Finance Division in large state-owned banks as a quasi-experiment to explore the impact of inclusive finance policy on operating performance and risk-taking behaviours of small regional banks. Using financial information for Chinese banks from 2013 to 2019, we find that small regional banks' performance deteriorated, and they engaged in more risk-taking activities after the policy shock. Moreover, there are even much sharper performance declines in subsets of city commercial banks, and banks face high competition from large state-owned banks.
Evaluating E-leadership Self-efficacy Through Social Media Efficacy and Participation
Management and Labour Studies, Volume 48, Issue 4, Page 514-530, November 2023.
Social media, unlike other resources, is nowadays an organizational resource. The reason can be attributed to its vast and extensive usage in sharing relevant information within a group and its influence on communication and organizational dynamics. The study investigates the role of individual social media self-efficacy (SMSE) and social media participation (SMP) on E-Leadership self-efficacy (ELSE). It further explores the mediating role of individual social media collective efficacy (SMCE) and SMP on SMSE and ELSE. Data for the study were collected from the employees of ITES firms in Delhi NCR, Bengaluru and Pune, India by the online survey method. A total of 478 respondents who were actively engaged in social media activities such as sending and sharing relevant information on different social media groups were included. Structural Equation Modelling followed by mediation analysis was conducted using AMOS 22 and Process Macro software, respectively, to analyse the structural and mediation relationship among the different constructs. The findings confirmed the positive influence of SMSE and participation on collective efficacy and e-leadership efficacy. The study extends the current literature and integrates social media self, collective efficacy, and participation to investigate ELSE in the perspective of IT organizations.
Social media, unlike other resources, is nowadays an organizational resource. The reason can be attributed to its vast and extensive usage in sharing relevant information within a group and its influence on communication and organizational dynamics. The study investigates the role of individual social media self-efficacy (SMSE) and social media participation (SMP) on E-Leadership self-efficacy (ELSE). It further explores the mediating role of individual social media collective efficacy (SMCE) and SMP on SMSE and ELSE. Data for the study were collected from the employees of ITES firms in Delhi NCR, Bengaluru and Pune, India by the online survey method. A total of 478 respondents who were actively engaged in social media activities such as sending and sharing relevant information on different social media groups were included. Structural Equation Modelling followed by mediation analysis was conducted using AMOS 22 and Process Macro software, respectively, to analyse the structural and mediation relationship among the different constructs. The findings confirmed the positive influence of SMSE and participation on collective efficacy and e-leadership efficacy. The study extends the current literature and integrates social media self, collective efficacy, and participation to investigate ELSE in the perspective of IT organizations.
Islamic Philanthropy: Exploring Zakat, Waqf, and Sadaqah in Islamic Finance and Economics
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Gender-based in-group social influence can lead women to view a hostile sexist attitude as less prejudiced and more true
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Immigration, migrant international cash transfers, backward-externality of emigrant human capital, and total factor productivity in Africa
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Assessing Market Integration Between MINT and Developed Economies: Evidence from Dynamic Cointegration
Business Perspectives and Research, Ahead of Print.
This study examines the static and time-varying cointegration between Mexico, Indonesia, Nigeria, and Turkey (MINT), and developed stock markets in USA and Japan by applying conventional cointegration methodology and rolling multivariate trace statistics over the period of 10 years. Overall, the findings of bivariate cointegration test suggested that MINT stock markets do not have significant long running relationship with Japan stock market. Hence, the scope of diversification exists accordingly. However, rolling trace statistics revealed the time-varying nature of integration between the markets considered in the study. The varying degree of cointegration is more likely to be caused by major economic, financial, and political events. Hence, the presence of equilibrium relationship among the markets in the sub-periods may limit the potential portfolio diversification benefits. Thus, lack of consistency in the findings of the static and dynamic cointegration analysis highlights the limitation of the static assessment. On the short-term linkage, the examination of dynamic conditional correlation (DCC) for each MINT-developed market pair suggested that Indonesia exhibits least correlation with USA and Japan and hence, offering highest portfolio avenues.
This study examines the static and time-varying cointegration between Mexico, Indonesia, Nigeria, and Turkey (MINT), and developed stock markets in USA and Japan by applying conventional cointegration methodology and rolling multivariate trace statistics over the period of 10 years. Overall, the findings of bivariate cointegration test suggested that MINT stock markets do not have significant long running relationship with Japan stock market. Hence, the scope of diversification exists accordingly. However, rolling trace statistics revealed the time-varying nature of integration between the markets considered in the study. The varying degree of cointegration is more likely to be caused by major economic, financial, and political events. Hence, the presence of equilibrium relationship among the markets in the sub-periods may limit the potential portfolio diversification benefits. Thus, lack of consistency in the findings of the static and dynamic cointegration analysis highlights the limitation of the static assessment. On the short-term linkage, the examination of dynamic conditional correlation (DCC) for each MINT-developed market pair suggested that Indonesia exhibits least correlation with USA and Japan and hence, offering highest portfolio avenues.
Place-based V.S. space-neutral policies: the choice of regional coordinated development strategy
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Lean-sustainability assessment framework development: evidence from the construction industry
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Countercyclical Capital Buffers: A Cautionary Tale
Abstract
Countercyclical capital buffers (CCyBs) are an old idea recently resurrected. They compel systemically important banks to accumulate capital during expansions to sustain operations during downturns. We compare banks before the Great Depression, when CCyBs existed, and Great Recession, when they did not. Pre-Depression systemically important banks built capital buffers between 3% and 5% of total assets during booms, nearly twice the maximum modern CCyB, while also reducing risky lending and building cash reserves. These buffers enabled banks at the core of the financial system to continue operations during severe crises while the rest of the financial system collapsed. This analogy indicates that modern countercyclical buffers may achieve their goals of protecting core banks during crises but raises questions about whether they will contribute to overall financial stability.