Liquidity risk exposure for specialised and unspecialised real estate banks

Giannotti, Claudio; Gibilaro, Lucia; Mattarocci, Gianluca

doi:10.1108/14635781111112756

Cited by 14 publications

(10 citation statements)

References 19 publications

(22 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Short-term bank credit used by firms is found positively related to TCU. The findings of this study support the complementary hypothesis of trade credit proposed by Burkart and Ellingsen (2004) and are consistent with the evidence reported by previous studies (Agostino & Trivieri, 2014;Giannotti, Gibilaro, & Mattarocci, 2011). Furthermore, results revealed that of financial characteristics 1 of LMFs used as a control variables that have significant impact on trade credit financing used by LMFs.…”

Section: Regression Analysis and Discussionsupporting

confidence: 91%

Impact of financial development and credit information sharing on the use of trade credit: Empirical evidence from Pakistan

Ahmad

Nazir

Nafees

2018

Cogent Economics & Finance

View full text Add to dashboard Cite

Pakistan is an emerging economy and characterized by a less developed financial system where trade credit is extensively used by listed manufacturing firms (LMFs). This study is focused to investigate the effect of financial development (FD) and credit information sharing (CIS) on the trade credit used by LMFs. For this purpose, dynamic panel model is estimated by applying system GMM (two-step) estimator on the financial data of 327 manufacturing firms listed in PSX Pakistan for the period 2005-2015. Results of the study reveal that FD and CIS have significant effect on the use of trade credit by LMFs in Pakistan. It is found that increase in financial depth increases the supply of funds to the private sector, and resultantly suppliers provide more trade credit to LMFs. While in response to increase in the lending rate, suppliers reduce the transfer of costly funds to LMFs through trade credit. Furthermore, negative relationship between CIS and the use of trade credit is in accordance with the substitution hypothesis. Results of the study have practical implications for the managers of firms and policy makers alike.

show abstract

Section: Regression Analysis and Discussionsupporting

confidence: 91%

Impact of financial development and credit information sharing on the use of trade credit: Empirical evidence from Pakistan

Ahmad

Nazir

Nafees

2018

Cogent Economics & Finance

View full text Add to dashboard Cite

show abstract

“…They show that there exist positive relationships between NSFR and indicators of performance which were return on equity (ROE), return on assets (ROA) and net interest margin (NIM). Other studies include those of Giannotti et al (2011), Angora, and Roulet (2011) and Giordana, and Schumacher (2012.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Ogol (2011) on the other hand investigates liquidity risk management practices in microfinance institutions in Kenya using a descriptive research design. Unlike other studies in this area, (Giannotti et al, 2011;Angora & Roulet, 2011;Giordana & Schumacher, 2012), The studies on liquidity in Kenyan commercial banks studies do not consider NSFR and only one considers LCR. These variables are the two dependent variables considered by this study, and are the two liquidity measures proposed in the Basel III framework.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Liquidity Risk and Financial Performance of Commercial Banks in Kenya

Muriithi¹,

Waweru²

2017

IJEF

View full text Add to dashboard Cite

The focus of this study was to examine the effect of liquidity risk on financial performance of commercial banks in Kenya. The period of interest was between year 2005 and 2014 for all the 43 registered commercial banks in Kenya. Liquidity risk was measured by liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) while financial performance by return on equity (ROE). Data was collected from commercial banks' financial statements filed with the Central Bank of Kenya. Panel data techniques of random effects estimation and generalized method of moments (GMM) were used to purge time-invariant unobserved firm specific effects and to mitigate potential endogeneity problems. Pairwise correlations between the variables were carried out. Wald and F-tests were used to determine the significance of the regression while the coefficient of determination, within and between, was used to determine how much variation in dependent variable is explained by independent variables. Findings indicate that NSFR is negatively associated with bank profitability both in long run and short run while LCR does not significantly influence the financial performance of commercial banks in Kenya both in long run and short run. However, the overall effect was that liquidity risk has a negative effect on financial performance. It is therefore advisable for a bank's management to pay the required attention to the liquidity management.

show abstract

“…For each operational risk factor, based on analysis of a sample of real estate evaluations conducted by independent valuation companies (data available at December 2018), the following intervals of "standard" values for each differential have been drawn up [40][41][42][43][44][45]:…”

Section: Methodology For the Construction Of The Profitability Index mentioning

confidence: 99%

A Methodology for Determining the Profitability Index of Real Estate Initiatives Involving Public–Private Partnerships. A Case Study: The Integrated Intervention Programs in Rome

Battisti

Campo

2019

Sustainability

View full text Add to dashboard Cite

In the European Union, real estate initiatives involving public–private partnerships (PPPs) are characterized by the payment of a charge, which is generally used for public purposes (and works). In Italy, since the 1990s, PPPs have also been used to start negotiated initiatives giving the possibility of modifying town planning forecasts. Such initiatives are aimed at increasing the value of private properties and, through the charge, financing public works. This charge was regulated only in 2014 with the change of Article 16, paragraph 4, point d-ter of the Presidential Decree 380/2001 (Consolidated building law) and was named the “extraordinary urbanization contribution” (or simply the “extraordinary contribution”). The extraordinary contribution makes it possible to finance public works with private monetary resources. The amount of the extraordinary contribution is not less than 50% of the capital gain that is produced by real estate initiatives concerning modifications to town planning forecasts. A crucial issue of the this kind of PPPs has always been the appraisal of the capital gain of real estate initiatives due to changes in town planning forecasts. The factors to be considered while evaluating the extraordinary contribution, the appraisal tools and procedures to be used in assessing the capital gain are not indicated at regulatory level. However, an over 20 years’ practice has been consolidating the use of an analytical procedure for the appraisal of the transformation value to be used in evaluating the extraordinary contribution. In this procedure, the evaluation of the profitability index of real estate initiatives appears critical: in fact, the capital gain depends upon this element. At the same time, this topic is substantially neglected by the scientific debate. In this paper, a methodology has been defined, which is structured on the Build-Up Method and allows the profitability index (or rate of return) of a real estate initiative to be evaluated. Through a test, the developed methodology has been used in a case study: the appraisal of the extraordinary contribution in three integrated intervention programs in the city of Rome.

show abstract

Liquidity risk exposure for specialised and unspecialised real estate banks

Cited by 14 publications

References 19 publications

Impact of financial development and credit information sharing on the use of trade credit: Empirical evidence from Pakistan

Impact of financial development and credit information sharing on the use of trade credit: Empirical evidence from Pakistan

Liquidity Risk and Financial Performance of Commercial Banks in Kenya

A Methodology for Determining the Profitability Index of Real Estate Initiatives Involving Public–Private Partnerships. A Case Study: The Integrated Intervention Programs in Rome

Contact Info

Product

Resources

About