Financial ratios,despite some criticisms,are still used as a basis to evaluate a firm's performance,to make credit risk assessment decisions and classify firms into bankrupt and non-bankrupt groups.There are a gre...Financial ratios,despite some criticisms,are still used as a basis to evaluate a firm's performance,to make credit risk assessment decisions and classify firms into bankrupt and non-bankrupt groups.There are a great number of financial ratios which can be used for the evaluation of banks performance.Golin(2001) provides a list of over 80 ratios covering the major categories of capital,asset quality,profitability & efficiency,and liquidity & funding provides.展开更多
To face climatic changes, the increase of frequency and severity of droughts, and economic development pressures, Water Management Institutions point at the necessity of water conserving. A sustainable demand-led appr...To face climatic changes, the increase of frequency and severity of droughts, and economic development pressures, Water Management Institutions point at the necessity of water conserving. A sustainable demand-led approach is the most viable option, focusing on achieving more efficient irrigation practices instead of less sustainable expansion of supply. The aim of this work is to investigate on some aspects of the rational water management for the irrigation of corn in order to evaluate the actual possibility of introduction of drip irrigation systems on the Venetian Plain. Trials were carried out on a farm located in Isola della Scala (Verona, Italy) in an area of about 13 ha (12 ha with a drip irrigation system and 1 ha with a solid-set sprinkler system);the effects of the performance of the two systems on waxy corn yield were considered. In particular, water distribution uniformity, water use efficiency, and yield performance of irrigation systems were evaluated. DUlq and CU coefficients for distribution uniformity and IWUe and WUEb indexes for water use efficiency were calculated. To visualize and better analyze the distribution uniformity, the crop yield and the efficiency parameters, ArcGIS 10 (ESRI?) with IDW interpolation were used to create maps. First results show a good water uniformity distribution in the drip irrigation system but only with a careful and proper design of the entire system. As regards the water use efficiency, drip irrigation values are lower than those of sprinkler irrigation (-46% for IWUe and -25% for WUEb), probably due to different irrigation management and water volumes used: in fact, drip irrigation was scheduled every three days, while only supplemental operations were done for sprinkler irrigation. No statistical correlation was found between application rate and yield for both irrigations systems, while a significant correlation was found between irrigation volume and crop water use efficiency. The profitability of the two irrigation systems was compared. The results show th展开更多
The latest regulatory framework,which has been introduced globally in the form of Basel III,and its implementation in the legislation of the member states of the Euro-pean Union has generated much interest in the impa...The latest regulatory framework,which has been introduced globally in the form of Basel III,and its implementation in the legislation of the member states of the Euro-pean Union has generated much interest in the impact of regulation on the efficiency and profitability of banks.This study aims to examine the impact of the introduction of two major regulatory changes(Basel II and Basel III)on bank performance,in terms of bank size and bank-specific and macroeconomic variables.A two-stage empirical anal-ysis was conducted on a sample of 433 European commercial banks over the 2006–2015 period.In the first stage,relative efficiency was calculated using non-parametric data envelopment analysis.In the second stage,the generalized method of moments was used to examine the impact of bank-specific and macroeconomic variables as well as regulation on bank performance,that is,profitability and efficiency.Consider-ing bank size,the results show a diverse impact of regulation on bank performance.Regarding large-and medium-sized banks,regulation positively affects both efficiency and profitability,whereas,for small banks,it negatively affects performance.The results suggest that larger banks have skillfully adapted to the new regulatory environment.In contrast,small banks have problems with profitability and efficiency because the new regulatory framework has imposed additional administrative and regulatory burdens.This could result in future failure or mergers with larger banks,resulting in a higher concentration in the banking sector and increased systemic risk.Our results strongly suggest that regulation should not be implemented equally for all banks;that is,on a one size fits all terms.A distinction between small and large banks when introducing new regulatory frameworks should be made if a reasonable level of competition is to be preserved.展开更多
This paper examines and compares the profitability of banks in the USA and China. The USA has the largest market-based banking system and the financial system of China is still bank-based. Our analysis indicates that ...This paper examines and compares the profitability of banks in the USA and China. The USA has the largest market-based banking system and the financial system of China is still bank-based. Our analysis indicates that in terms of profitability, banks in China outperformed those in the USA during our study period （2008-2014）. Real estate loans had an adverse effect on US bank profitability during the financial crisis and no effect after the crisis but consistently improved the profitability of Chinese banks. Interest margins have no effect on US bank profitability but a consistently positive effect on Chinese banks, confirming that China is a traditional bank-based economy. Interbank loans have a positive and significant effect on Chinese bank profitability, while interbank domestic loans have a negative effect on US bank profitability. Finally, size had a positive effect on US banks after the financial crisis period, confirming the scale economies of large US banks, but a negative effect on Chinese banks, indicating diseconomies of scale.展开更多
文摘Financial ratios,despite some criticisms,are still used as a basis to evaluate a firm's performance,to make credit risk assessment decisions and classify firms into bankrupt and non-bankrupt groups.There are a great number of financial ratios which can be used for the evaluation of banks performance.Golin(2001) provides a list of over 80 ratios covering the major categories of capital,asset quality,profitability & efficiency,and liquidity & funding provides.
文摘To face climatic changes, the increase of frequency and severity of droughts, and economic development pressures, Water Management Institutions point at the necessity of water conserving. A sustainable demand-led approach is the most viable option, focusing on achieving more efficient irrigation practices instead of less sustainable expansion of supply. The aim of this work is to investigate on some aspects of the rational water management for the irrigation of corn in order to evaluate the actual possibility of introduction of drip irrigation systems on the Venetian Plain. Trials were carried out on a farm located in Isola della Scala (Verona, Italy) in an area of about 13 ha (12 ha with a drip irrigation system and 1 ha with a solid-set sprinkler system);the effects of the performance of the two systems on waxy corn yield were considered. In particular, water distribution uniformity, water use efficiency, and yield performance of irrigation systems were evaluated. DUlq and CU coefficients for distribution uniformity and IWUe and WUEb indexes for water use efficiency were calculated. To visualize and better analyze the distribution uniformity, the crop yield and the efficiency parameters, ArcGIS 10 (ESRI?) with IDW interpolation were used to create maps. First results show a good water uniformity distribution in the drip irrigation system but only with a careful and proper design of the entire system. As regards the water use efficiency, drip irrigation values are lower than those of sprinkler irrigation (-46% for IWUe and -25% for WUEb), probably due to different irrigation management and water volumes used: in fact, drip irrigation was scheduled every three days, while only supplemental operations were done for sprinkler irrigation. No statistical correlation was found between application rate and yield for both irrigations systems, while a significant correlation was found between irrigation volume and crop water use efficiency. The profitability of the two irrigation systems was compared. The results show th
基金supported by the University of Rijeka projects uniri-mladi-drustv-20-5.and uniri-drustv-18-228.
文摘The latest regulatory framework,which has been introduced globally in the form of Basel III,and its implementation in the legislation of the member states of the Euro-pean Union has generated much interest in the impact of regulation on the efficiency and profitability of banks.This study aims to examine the impact of the introduction of two major regulatory changes(Basel II and Basel III)on bank performance,in terms of bank size and bank-specific and macroeconomic variables.A two-stage empirical anal-ysis was conducted on a sample of 433 European commercial banks over the 2006–2015 period.In the first stage,relative efficiency was calculated using non-parametric data envelopment analysis.In the second stage,the generalized method of moments was used to examine the impact of bank-specific and macroeconomic variables as well as regulation on bank performance,that is,profitability and efficiency.Consider-ing bank size,the results show a diverse impact of regulation on bank performance.Regarding large-and medium-sized banks,regulation positively affects both efficiency and profitability,whereas,for small banks,it negatively affects performance.The results suggest that larger banks have skillfully adapted to the new regulatory environment.In contrast,small banks have problems with profitability and efficiency because the new regulatory framework has imposed additional administrative and regulatory burdens.This could result in future failure or mergers with larger banks,resulting in a higher concentration in the banking sector and increased systemic risk.Our results strongly suggest that regulation should not be implemented equally for all banks;that is,on a one size fits all terms.A distinction between small and large banks when introducing new regulatory frameworks should be made if a reasonable level of competition is to be preserved.
基金Ning Ding acknowledges financial support for this paper from the China National Social Science Foundation Grant No. 14BJY173 （the project topic is Research on Risk Management and Supervision of Shadow Banking under the Interest Rate Liberalization Reforms） and the financial support from the Central Govement to the Local Higher Education （Grant No. DUFE2015GY09）.
文摘This paper examines and compares the profitability of banks in the USA and China. The USA has the largest market-based banking system and the financial system of China is still bank-based. Our analysis indicates that in terms of profitability, banks in China outperformed those in the USA during our study period （2008-2014）. Real estate loans had an adverse effect on US bank profitability during the financial crisis and no effect after the crisis but consistently improved the profitability of Chinese banks. Interest margins have no effect on US bank profitability but a consistently positive effect on Chinese banks, confirming that China is a traditional bank-based economy. Interbank loans have a positive and significant effect on Chinese bank profitability, while interbank domestic loans have a negative effect on US bank profitability. Finally, size had a positive effect on US banks after the financial crisis period, confirming the scale economies of large US banks, but a negative effect on Chinese banks, indicating diseconomies of scale.
