Investigating the Stability of Phillips Curve: Panel Data Evidence from Developing World

2014 ◽  
pp. 179-195
Author(s):  
Muhammad AZAM ◽  
◽  
Saleem KHAN ◽  
Laura ȘTEFĂNESCU ◽  
◽  
...  
Keyword(s):  
Panel Data ◽  
Phillips Curve ◽  
Developing World ◽  
The Stability ◽  
Curve Panel

scholarly journals Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

2016 ◽  
Vol 12 (3) ◽  
pp. 14
Author(s):  
Wan Sallha Yusoff ◽  
Mohd Fairuz Md. Salleh ◽  
Azlina Ahmad ◽  
Norida Basnan
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Financial Stability ◽  
Panel Data Analysis ◽  
Location Decisions ◽  
Asian Countries ◽  
Diversification Strategies ◽  
The Stability ◽  
Southeast Asian Countries

<p>This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country’s geopolitical situation and its financial stability.</p>

scholarly journals Stability of risk attitude, agricultural policies and production shocks: evidence from Italy

2020 ◽  
Author(s):  
Martina Bozzola ◽  
Robert Finger
Keyword(s):  
European Union ◽  
Panel Data ◽  
Agricultural Policy ◽  
Risk Preference ◽  
Risk Attitude ◽  
The European Union ◽  
Agricultural Policies ◽  
The Stability ◽  
Changes Over Time ◽  
Over Time

Abstract This article investigates the stability of farmers’ risk attitude over time. To this end, we estimate responses to changes in agricultural policies and production shocks. We use a unique panel data of over 36,000 Italian farms specialised in cereals, during the period 1989–2009. We find evidence of risk preference changes over time in response to changes in the European Union Common Agricultural Policy and possibly after a drought-induced production shock.

scholarly journals DETERMINANT OF CAPITAL RATIO: A PANEL DATA ANALYSIS ON STATE-OWNED BANKS IN INDONESIA

2014 ◽  
Vol 16 (4) ◽  
pp. 395-414 ◽  
Author(s):  
Pamuji Gesang Raharjo ◽  
Dedi Budiman Hakim ◽  
Adler Haymans Manurung ◽  
Tubagus Nur Ahmad Maulana
Keyword(s):  
Panel Data ◽  
Panel Data Analysis ◽  
Banking System ◽  
Interest Rate Risk ◽  
Jel Classification ◽  
Panel Data Regression ◽  
Structure State ◽  
Asset Growth ◽  
The Stability ◽  
Level Of Significance

Capital has an important role in maintaining safety of banks and in order to create a sound banking system. Banks are required to have a sufficient amount of capital, both to support its business expansion as well as a buffer to prevent any unexpected loss that banks might face and absorb losses arising from a variety of risks. Eventhough consists of four banks, State owned banks in Indonesia are catalystor for the banking industry in Indonesia. The failure of state-owned banks can affect the stability of Indonesian banking system. This study aims to study and analyze determinants of capital ratio of state-owned banks. Several variables have been used in previous studies to be used a proxy. The study applied panel data regression model. The capital ratio of state-owned banks is affected by asset growth (LNSIZE), equity to total liabilities ratio (EQTL), non performing loan (NPL), interest rate risk (IRR), and operational cost to operational revenue ratio (BOPO) on a different level of significance.  Keywords: Capital structure, state-owned commercial banks, panel data JEL Classification: C23; G21; G32

scholarly journals Contribution of Governance to Ensure the Stability of Islamic Banks: A Panel Data Analysis

2018 ◽  
Vol 8 (3) ◽  
pp. 140 ◽  
Author(s):  
Bakkeri Amine
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Financial Institutions ◽  
North Africa ◽  
Audit Committee ◽  
Best Practice ◽  
Panel Data Analysis ◽  
Islamic Banks ◽  
Islamic Financial Institutions ◽  
The Stability

The succession of crises imposed the need to establish the «Governance best practice ». This article tries to illustrate empirically the contribution of the mechanisms of the governance to ensure the stability of Islamic Financial Institutions. Using Zscore as a stability and solidity of IFI, our study focus on one sample of 30 Islamic banks taking place in 16 countries in North Africa and the Middle East shows that the size and the independence of the Board, the competence of the audit committee and the remuneration constitute the mechanisms helping to insure the stability of Islamic Financial Institutions. The duality seems to affect negatively the stability of the Islamic banks.

Revisiting Bedrock Values: The Stability and Predictive Power of the Society Works Best Index

2017 ◽  
Vol 46 (2) ◽  
pp. 308-335 ◽  
Author(s):  
Michelle Torres ◽  
Steven S. Smith
Keyword(s):  
Measurement Error ◽  
Panel Data ◽  
Environmental Factors ◽  
Predictive Power ◽  
Environmental Changes ◽  
Political Attitudes ◽  
Political Interest ◽  
Empirical Application ◽  
The Stability

In their 2011 piece, Smith et al. argue that there is a set of fundamental or bedrock values that predict ideology and that are strongly influenced by genetics. These values are considered universal, stable, and less susceptible to environmental changes. Smith et al. propose a scale to measure such values: the Society Works Best Index (SWBI). This is an important contribution, but the SWBI requires further evaluation. Using novel panel data, we evaluate the measure, improve on the empirical application with a national panel, and suggest improvements in the scale. We find that the SWBI is no more stable than other measures of ideology and that the observed changes are attributed to measurement error and environmental factors. Furthermore, like many other political attitudes, its predictive power is mediated by levels of political interest.

Efficiency assessment of banking sector in Yemen using data envelopment window analysis

2015 ◽  
Vol 22 (6) ◽  
pp. 1115-1140 ◽  
Author(s):  
Fekri Ali Shawtari ◽  
Mohamed Ariff ◽  
Shaikh Hamzah Abdul Razak
Keyword(s):  
Panel Data ◽  
Banking Sector ◽  
Panel Data Analysis ◽  
Data Envelopment ◽  
Content Type ◽  
Window Analysis ◽  
Loan Financing ◽  
Using Data ◽  
Conventional Banks ◽  
The Stability

Purpose – The purpose of this paper is to examine the banking industry’s efficiency using the case of Yemen. Design/methodology/approach – The paper utilises two-stage analysis to evaluate the efficiency adopting Data Envelopment Window Analysis (DEWA) in the first stage for the period 1996-2011. Furthermore, the paper addresses, in two-dimensional matrix, the stability and efficiency of the banking sector in order to assess their ability for survival. In the second stage, panel data analysis is applied to regress a set of bank-specific and macro-economic variables on the efficiency of the banking sector in Yemen in a comparative fashion between Islamic and conventional banks. Findings – The findings of the investigation indicate that the Yemeni banking industry in general was on a declining efficiency’s trend with increased instability during the later period of the investigation. In addition, the study shows that most conventional banks were relatively stable, though inefficient, while Islamic banks were more efficient over the time. The results of panel data regression further suggest that efficiency is related to a number of determinants. Loan/financing, and profitability are the common key determinants of efficiency for both Islamic and conventional banks. However, other determinants have impacted differently for Islamic and conventional banks, which could reflect the uniqueness of their operation and structure. Research limitations/implications – The present study provides a basis for the regulators and bankers to assess the viability of the banking sector and proposes policies to restructure the industry in order to enhance the performance of the whole industry. Originality/value – The paper presents new empirical findings on the efficiency of Islamic and conventional banks in Yemen.

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