Bank branch closures in New Zealand: the application of a spatial interaction model

Morrison, Philip; O'Brien, R.

doi:10.1016/s0143-6228(01)00014-5

Cited by 42 publications

(14 citation statements)

References 16 publications

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“…It is apparent, therefore, that the debate surrounding financial exclusion has moved on markedly from its initial focus on locationbased exclusion (Leyshorn & Thrift, 1993;Morrison & O'Brien, 2001). In addition, according to the FSA (2000a), the issue of financial exclusion has, paradoxically, become more prominent due to the fact that financial product ownership has grown markedly amongst most consumers over the past thirty years.…”

Section: Previous Studiesmentioning

confidence: 99%

A Detailed Study of Financial Exclusion in the UK

Devlin

2005

J Consum Policy

118

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The concept of financial exclusion has been the subject of increasing interest and debate and is characterised as a situation where a proportion of the population have limited access to mainstream financial services. Previous studies of financial exclusion in the UK have generally focused on a particular financial service, such as bank accounts, and have incorporated differing methods and models of investigation. Thus, comparing and contrasting significant influences on exclusion across a range of financial services proves problematic. The current study uses a common model to test and compare influences on exclusion for a wide range of financial services. Findings show that the most consistent and significant influences on financial exclusion are employment status, household income, and housing tenure, closely followed by marital status, age, and level of academic qualification. A more complex relationship with the remaining explanatory variables is apparent. Copyright Springer 2005

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Section: Previous Studiesmentioning

confidence: 99%

A Detailed Study of Financial Exclusion in the UK

Devlin

2005

J Consum Policy

118

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“…On the other hand, there were few papers on the redundancy identification of commercial banks' branches. For instance, Morrison and O'Brien [29] used the spatial interaction model based on GIS to evaluate the redundancy of New Zealand bank branches. The contribution of this paper is to analyze the impact of removing one or more branches from the network.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The literature on commercial banks' branches can be classified into two categories. One is the location selection of bank branches [22][23][24][25][26][27][28], the other is the redundancy identification of branches based on the expected distribution of customers by Morrison and O'Brien [29]. The historical operation data of bank branches are used to investigate five indicators in this paper, so the results of redundancy identification are more accurate.…”

Section: Comparison and Verificationmentioning

confidence: 99%

Redundancy Identification and Optimization Scheme of Branches for Sustainable Operation of Commercial Banks

et al. 2019

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With the rapid development of the internet, the number of offline customers in the bank branches decreases, and the existing layout of branches leads to the increase of operation cost, which has an impact on the sustainable operation of commercial banks. Adjusting and optimizing the layout of the physical branches of commercial banks can not only reduce the operation cost of banks and avoid the waste of resources, but is also crucial to the sustainable operation of commercial banks. First, an evaluation index system (deposit; loan; number of vouchers; maintenance, establishment, and modification of customer information; number of counter transactions) is constructed to reflect the operation performance of bank branches. Second, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is used to rank the bank branches. Then, a combination of factor analysis and assignment method is used to identify redundant bank branches. Last, cluster analysis is used to find alternative schemes of redundant bank branches. Finally, Shaanxi Rural Credit Cooperatives Union in Hanzhong, Shaanxi Province, China is selected for empirical analysis. The results show that: four redundant bank branches are identified, and alternative combination schemes of the redundant bank branches are determined. The redundancy identification method in this paper is helpful for commercial banks to allocate various resources rationally and reduce operation cost, so as to ensure the sustainable operation of commercial banks. ). Faced with the challenges of internet, it has become an urgent problem for commercial banks to adjust and reconfigure the existing bank branches that cannot adapt to the development of the new economy.Due to the rapid development of the internet, the layout of China's commercial banks' branches has not been adjusted and optimized in time, resulting in a serious decline in the business of physical branches and an increase in the overall operating costs, which poses a serious threat to the sustainable operation of commercial banks. Under the strategy of sustainable development, commercial banks must solve the following problems: how to identify redundant bank branches, how to achieve the same operation performance when eliminating redundant branches, and how to make the limited resources of commercial banks play their maximum economic and social benefits. In addition, the optimized layout plan of eliminating redundant bank branches can significantly reduce operating costs and improve the overall performance of banks [1], so that commercial banks can better fulfill their economic responsibilities to shareholders and investors [2,3]. Furthermore, eliminating redundant bank branches will also reduce the energy consumption and emissions of the operation of physical branches, which will help commercial banks fulfill their environmental responsibilities. Therefore, identifying and eliminating redundant bank branches can enable commercial banks to achieve sustainable economic, environmental and social development, and p...

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“…Several empirical studies have demonstrated that users' choices follow the Huff model for various types of facilities, such as shopping centers (Yue et al 2012), financial institutions (Morrison and O'Brien 2001), medical facilities (Martin andWilliams 1992, Lowe andSen 1996), parks (Zhang et al 2011), and even driver's license offices (Hodgson 1981). Therefore, it is reasonable to assume that, in general, the Huff model approximates the choice behavior of facility users well.…”

Section: Literature Review 21 Previous Studies On the Choice Behavimentioning

confidence: 99%

Total locational surplus for facility users distributed continuously along a network

Masuyama¹

2014

International Journal of Geographical Information Science

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This paper proposes an appropriate index for evaluating the degree to which facilities are desirable to their users under realistic assumptions. We derive an analytical expression for the index and discuss its calculation. Throughout this paper, we make the following three assumptions: (1) the distance from a user to a facility is measured by the shortest path, (2) facility users are continuously distributed along a network, and (3) the choice behavior of the facility users follows the Huff model. Under the third assumption, the index, called the 'total locational surplus,' enables us to conduct evaluations based on the concept of consumer surplus in microeconomics. We argue that this index is considered the most reliable among possible indices. First, we express the total locational surplus under our three assumptions as a definite integral. We then express a part of the integrand in the definite integral as an infinite series of exponential functions, which allows us to derive the infinite series expression of the definite integral. The infinite series expression enables us to calculate an approximate value for the total locational surplus using the first several terms of the series. We describe the computational procedure for calculating this approximation and evaluate its time complexity. We also utilize the procedure to evaluate the spatial configuration of some shopping centers in the northern part of Japan.

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Bank branch closures in New Zealand: the application of a spatial interaction model

Cited by 42 publications

References 16 publications

A Detailed Study of Financial Exclusion in the UK

A Detailed Study of Financial Exclusion in the UK

Redundancy Identification and Optimization Scheme of Branches for Sustainable Operation of Commercial Banks

Total locational surplus for facility users distributed continuously along a network

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