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Performance Evaluation Of Banks And Banking Groups: Turkey CaseOztorul, Guliz 01 October 2011 (has links) (PDF)
Bank performance is one of the vital issues for the healthy functioning of the Turkish economy. This study aims to measure performance levels of the banks in Turkey and to find the factors affecting those levels for the period of 2006-2010. Although the measures evaluating bank performance are ample in amounts we choose two different approaches: Data Envelopment Analysis (DEA) measuring bank efficiency and CAMELS analysis. DEA is carried out in different levels: first for top 14 banks in the economy / then separating the banks as the state banks, the domestic private banks and the foreign private banks. Also long term and short term, and public and non-public assets and liabilities distinctions are made in the analyses. The bank performance measures obtained from DEA and CAMELS analysis are compared and the factors affecting the performances of the Turkish banks are analyzed. The results show that high efficiency levels of the state banks decrease when the public assets and liabilities are excluded. The state banks and domestic private banks have high CAMELS' / ratios, while the foreign banks have low ones. Both the bank-specific and macroeconomic factors, like ownership type, publicly trading and ATM net, play important roles in the determination of the efficiency levels of the banks in Turkey.
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Study on the Early Warning System for Financial Holding Companies in TaiwanChen, Xi-li 15 July 2009 (has links)
This paper analyzes the current operating situation of financial holding companies in Taiwan. After referring to the operation of financial early warning systems of various countries, the study chooses appropriate financial ratios to establish a financial early warning model for quantitative analysis, evaluate the management efficiency of financial holding companies, discriminate the correct classification rate of prediction probability and rating system, and seek an optimal early warning model as the basis for supervision and governance of financial holding companies.
In 2008, the financial tsunami that swept over the global economy resulted in a disastrous loss to the financial industry. To cope with the impact of financial crisis, most countries in the world have developed their early warning models. In Taiwan, the CAMELS framework was adopted for the establishment of Taiwan¡¦s financial early warning system and a risk-oriented auditing system. With the financial liberalization, the government of Taiwan lifted the ban on the business operation of financial holding companies step by step in order to enhance the operating efficiency of financial holding companies and activate the financial market. However, the competitive ability of Taiwan¡¦s financial industry was not significantly improved. Instead, a series of problems with the financial sector erupted one after another. The reasons for such a condition were due to more risks faced by the financial holding companies after financial deregulation. Therefore, this study used 14 financial holding companies in Taiwan as of 2006 as subjects, and constructed a financial early warning system for the original samples by using the following two kinds of models.
After factor analysis¡Athe remaining financial variables ¡Alike capital adequary ratio(C2) ¡Atotal debt/equit capital (C3) ¡A total deposit/equit capital(C4), ratio of non-performing loans(A2) the operational expense ratio(M3), efficiency ratio (M4), earnings before taxes/sales(E1) and so on, have more influence on the performances of the financial holding companies in Taiwan.
As to the whole efficiency of the self-examination, CAMELS still has good prediction ability and can enable predicting ability increases after joining the risk parameters¡D
Predictive sample enters two models and obtains¡Gthe predictive efficiency, type error and type error of Model Two work better than Model One¡Aso in predicting samples, think CAMELS still has good predicition ability and can enable predicting ability increases after joining the risk parameters.
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Field studies of renal functions and body fluids of arid zone ruminants / by B.D. Siebert.Siebert, B. D. January 1967 (has links)
202 p. : ill. ; 28 cm. / Title page, contents and abstract only. The complete thesis in print form is available from the University Library. / Thesis (Ph.D.)--University of Adelaide, Dept. of Animal Physiology, 1967
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Study of the integration of the dromedary in the smallholder crop-livestock production systems in northwestern Nigeria /Mohammed, Isiaka, January 2000 (has links)
Thesis (doctoral)--Justus-Liebig-Universität Giessen, 2000. / Includes bibliographical references (p. 163-176).
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The transformation of a pastoral economy : Bedouin and states in Northern Arabia, 1850-1950Toth, Anthony B. January 2000 (has links)
This thesis analyses economic change among the bedouin of northern Arabia by examining four factors: the trade in camels; intertribal raiding; large-scale attacks by the Akhwan (Ikhwan); and trade and smuggling. Many writers have assumed that the sale or hiring out of camels for transport by camel-herding tribes was their main source of income, and that the spread of modern transportation caused a decline in the demand for camels, resulting in lower prices for the animals and an economic crisis for the bedouin. The well-documented case-studies in this thesis demonstrate that this assumption is flawed. The bedouin economy was more complex than the portrayals in many sources, and the reasons for economic hardship and political decline among the camel-herding tribes are more varied. In the story of how the wheel overcame the camel, it is clear that while transportation technology had some effect, even more important were such factors as drought, the rise of new states, colonial policies, intertribal politics and the varied factors pulling nomadic peoples to become sedentary.
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Securitisation of mortgage loans, regulatory capital arbitrage and bank stability in South Africa: Econometric and theoretic analysesKasse-Kengne, Sophie Claude Annick 24 August 2018 (has links)
Mortgage loans are the major assets securitised by South African banks. Arguments from the literature indicate that the use of securitisation as an instrument for regulatory arbitrage weakened banks’ soundness and caused, at least partially, the 2007-2008 Global Financial Crisis. In this regard, financial institutions continually took advantage of the loopholes in the Basel regulation, principally that of Basel I. Undertaken from both the empirical and theoretical angles, this thesis investigated whether regulatory capital arbitrage under Basel II and III regulations, was a driver of mortgage loans securitisation by South African banks. Additionally, the effect of mortgage loans securitisation on the South African banks’ stability was analysed. Furthermore, the project built upon the case of mortgage loans securitisation to deepen the insight on banks’ behaviour towards risk, by considering a rare contractual relationship where banks are regarded as agents acting on behalf of regulators. The theoretical examination was carried out by means of perspectives from Agency and Institutional Theories. The South African banking system is essentially monopolistic with five banks holding more than 90% of total assets, out of which four, with 70% of the assets, consistently report outstanding volume of mortgage loans securitised. Based on the data collected from these four major banks, this research project is the first in many regards. It involves an emerging economy, considers the influence of both Basel II and III regulations, covers the period 2008 to 2015, and focuses on well-capitalised banks exclusively. Moreover, it extends regulatory capital arbitrage analysis to the evidence of loans expansion, includes CAMELS as bank stability proxy and brings in Agency Theory and Institutional Theory to explain banks’ behaviour with regards to risk in this particular context. In contrast, other studies were concentrated on Europe and America, mostly under Basel I, limited to one or two baseline models for regulatory capital arbitrage and often only the Z-score measure was used for bank stability. In three major steps, this study first employed the Ordinary Least Squares statistical methodology to test the capital arbitrage theory of securitisation and other of its features whereby it causes the decrease of capital with little or no reduction of risk. The estimation results indicated that securitisation of mortgage loans lessened South African banks’ regulatory capital, increased their overall risk level and moreover, suggested that the proceeds from securitisation were used to expand their loans portfolios. These outcomes tentatively imply that South African banks securitise mortgage loans for regulatory capital arbitrage. The second step explored the impact of securitisation of mortgage loans on South African banks’ stability. Two different measures of bank stability were involved: the CAMELS and the Z-score. CAMELS stands for C: capital (leverage ratio and not the regulatory capital); A: assets quality; M: management efficiency; E: earning; L: liquidity; and S: sensitivity to market risk (interest risk). The Two Stage Least Squares and the Ordinary Least Squares statistical methods were used respectively for the analysis of the relationship between the two bank stability indicators and the outstanding volume of mortgage securitised. The empirical results from CAMELS showed that mortgage loans securitised negatively affected the level of capital proxied by the leverage ratio, eroded assets quality and increased South African banks’ overall costs. However, they had a positive effect on South African banks’ profit, they seemed to be an additional source of liquidity and represented a useful tool to curtail market risk sensitivity, especially the interest risk as they increased net interest income. With regards to the analysis with the Z-score, the results indicated a negative impact of mortgage securitised on South African banks’ stability. The outcome remained unchanged when retained interests in the form of subordinated loans were included in the analysis, but retained interest had a positive influence on the Z-score. The last step of this study pertained to the theoretical analysis based on the concepts of Agency Theory and Institutional Theory. Acting as regulators’ agents in an agency relationship, the simple model of Agency Theory in its extended form explained that South African banks were first and foremost risk-taking players. They were more interested in the risk/reward trade-off in their decision-making attitude towards risk than pursuing the regulators’ goal of the stability of the banking system. In that sense, it was not a surprise that they engaged in regulatory capital arbitrage despite knowing that it was risky but could provide gains in liquidity and profit. In addition to goals conflict, Agency Theory indicated asymmetry of information between banks and regulators as the indirect origin of regulatory capital arbitrage, where the opacity of banks’ activities, such as securitisation, rendered regulations ineffective and thus easy to shirk. Furthermore, it was found that the essentials of the behaviour-oriented contract suggested by the theory as the optimal contract, were already included in the formulation of the latest Basel Accords. However, the researcher believes that one key element, which is the reward or compensation that should benefit the banks (the agent) when they abide by the terms of the contract, is missing. Regulators should therefore include incentives in the regulations and combine the behaviour and outcome-oriented contracts to optimize their relationship with banks even though, as explained by the theory, the outcome of bank stability will remain partially uncertain due to uncontrollable factors such as the economic conditions. The concept of legitimacy, from Institutional Theory, explicated that banks’ legitimacy came from their ability to comply with the regulations. From this stance, the results suggested that regulatory capital arbitrage seemed instead to undermine the legitimacy of South Africa banks well-capitalised position.
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Management, Foraging Behavior, Diet Composition and Forage Quality of Free-Ranging But Herded Camels in Ceeldheer District, Central SomaliaElmi, Ahmed A. 01 May 1989 (has links)
In Somalia, camel (Camelus dromedarius) survivability and milk production has been higher than for other domestic livestock and contributes substantially to the subsistence of Somali pastoralists. The objective of this research was to study management, foraging behavior and nutrition of camels in their natural habitat to determine how production continues under seasonal nutritional stress.
Management systems of Ceeldheer pastoralists are based on available natural pasture and water. The natural rotation grazing system maintained an ecological equilibrium in the District.
Pastoralists manipulate their herds to suit existing environmental conditions, family needs and labor availability for herding. In herd management, control of breeding males and preferential treatment to increase the female component of the herd are geared to secure continuous milk supply for the family.
Camels were watered only in the dry seasons. They foraged continuously throughout the day the first few days after watering, but foraged mostly in the morning and evening as watering days approached. The quantity of water camels consumed in summer and winter dry seasons were similar.
In winter, milking camels foraged more, travelled shorter distance and rested less than dry ones. In fall, 1986, and spring, 1987, lactating camels spent less time foraging than non-milking animals. Foraging time was the same for both groups in summer 1986, 1987 and fall, 1987. Camels spent more time chewing bones in summer of 1986 in Xarar foraging area than other seasons. Low or high relative humidity together with hot temperature apparently reduced foraging time, increased rumination and idling times in winter and spring seasons.
As forage availability declined, camels ingested a broader array of dietary items in the dry seasons and consumed large amounts of herbaceous plants. The diets of milking and dry camels were similar. Lactating camels consumed more green forage than dry camels in the dry seasons. Shrubs and trees comprised major components of the diets (80.9%). Physical structures of plant species did not prevent feeding on the plants.
Camel diets were rich in crude protein (cp), calcium (Ca), potassiuim and sodium. Phosphorus (P) was deficient. Ca:P ratios were extremely low. Neutral detergent fiber and acid detergent lignin were high. CP intake seemed adequate year round assuming camel protein requirements are similar to other livestock requirements. Digestible energy was deficient in dry seasons. Low energy intake, inadequate phosphorous availability and water deprivation were probably responsible for the weight loss of camels as the dry season progressed.
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Camels rating system for banking industry in pakistan : does CAMELS system provide similar rating as PACRA system in assessing the performance of banks in Pakistan?Babar, Haseeb Zaman, Zeb, Gul January 2011 (has links)
Financial sector of an economy plays an important role in its economic development and prosperity of the country. Banking industry serves as the backbone of the financial sector that accumulates saving from surplus economic units in the form of deposits and provides it to deficit economic units in the form of advances. Banking industry provides support to economy and industries in specific in the time of recessions and economic crisis. But when banks are at the heart of economic recession or banks are the cause of financial crisis like the recent past financial crisis 2007-09, it makes the situation worst for economic recovery. So it is of great importance to keenly observe the performance of the banks and their compliance with the regulatory requirements. Performance of the banks is measured at two levels, one is at the management and regulatory level of the banks and another is at external rating agencies. Purpose of regulatory and supervisory rating systems is to measure the bank performance at internal level and its compliance with regulatory requirements to keep the bank on right track. These ratings are highly confidential and are only available to the bank management. External credit rating agencies examine and evaluate the banks and issue ratings for the general public and investors in particulars. It is of great importance that both these ratings present the same results about the condition of the banks to provide clear information to investors and management. In past several banks suffer from bankruptcy that was the failure of both internal rating systems and credit rating agencies. CAMELS is the supervisory and regulatory rating system implemented by State Bank of Pakistan. It takes into account six important components of a bank when it evaluates performance of the bank. These components are Capital, Assets, Management, Earning, Liquidity and Sensitivity to market risk. Ratings is assigned to theses components on the scale of 1 to 5 and that is a base for composite rating that also ranged from 1 to 5. PACRA rating agency is the dominant credit rating agency of Pakistan that performs ratings for most banks and industries in the country. In our research we examine the similarities in the results generated by CAMELS rating system and PACRA rating agency. For that purpose we sample seventeen commercial banks of Pakistan Banking industry. We observed that results generated by sample banks do not show any similarities with each other. This might be an indication of the banks that went on to bankruptcy in past three to four years or a future threat to financial sector of Pakistan.
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Pathogens affecting the reproductive system of camels in the United Arab Emirates : with emphasis on Brucella abortus, Bovine Viral Diarrhoea Virus and Bovine Herpes Virus-1: a serological survey in the Al-Ain region /Hassan Taha, Tariq, January 2007 (has links) (PDF)
Thesis (M. Sc.) Uppsala : Sveriges lantbruksuniv., 2007.
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Performance analysis of draught animal-implement system to improve productivity and welfare /Bobobee, Emmanuel Y. H., January 2007 (has links) (PDF)
Diss. (sammanfattning) Uppsala : Sveriges lantbruksuniv., 2007. / Härtill 4 uppsatser.
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