Global strategies in banking and finance:
"This book explores the concept of a global industry through case studies, emerging research, and interdisciplinary perspectives applicable to a variety of fields in banking and finance"..
Gespeichert in:
| Format: | Buch |
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| Sprache: | English |
| Veröffentlicht: |
Hershey
Business Reference Science
2014
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | "This book explores the concept of a global industry through case studies, emerging research, and interdisciplinary perspectives applicable to a variety of fields in banking and finance".. |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XXVII, 469 S. Ill. |
| ISBN: | 9781466646353 |
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| 245 | 1 | 0 | |a Global strategies in banking and finance |c Hasan Dincer and Ümit Hacioglu, editors |
| 264 | 1 | |a Hershey |b Business Reference Science |c 2014 | |
| 300 | |a XXVII, 469 S. |b Ill. | ||
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| 500 | |a Includes bibliographical references and index | ||
| 520 | |a "This book explores the concept of a global industry through case studies, emerging research, and interdisciplinary perspectives applicable to a variety of fields in banking and finance".. | ||
| 650 | 4 | |a Banks and banking, International | |
| 650 | 4 | |a Financial institutions, International | |
| 650 | 4 | |a Financial services industry | |
| 650 | 4 | |a International finance | |
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Datensatz im Suchindex
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Titel: Global strategies in banking and finance
Autor: Dincer, Hasan
Jahr: 2014
Detailed Table of Contents
Preface.xx
Acknowledgment.xxvi i
Section 1
Global Financial System and Competitiveness
Chapter 1
The Competitiveness and Strategies in Global Financial System .1
Hasan Dinçer, Beykent University, Turkey
Ümit Hacioglu, Beykent University, Turkey
The concept of strategic change in financial systems consists of various internal and external environmental
elements. Effective company strategies determine the fate of companies in volatile market conditions.
Companies in financial systems have to adopt new technologies and implement new strategies in order
to achieve a competitive position in the marketplace. Developing competitive ideas and strategies relies
on organizational change. It is shaped by internal and external factors that mostly provide the formation
of strategic change. In this regard, market developments and the changing structure of demand are of
vital importance. In this chapter, a strategic approach to competitiveness in financial system is developed.
Moreover, the fundamentals of competitiveness on financial and economic systems are evaluated, and
the interaction between financial development and global competitiveness is assessed.
Chapter 2
Application of Statistical Visualization Tools on Global Competitiveness Data.14
Ulas Akkucuk, Bogazici University, Turkey
Many global organizations provide valuable sources of country-specific data to the general public. The
data are a very good source of secondary information to the global firms making country entry deci-
sions as well as providing input to the policy makers in the international organizations and the country
governments. One such organization is the World Economic Forum disseminating the results of a global
competitiveness study every year. The Global Competitiveness Index (GCI) focuses on 12 variables
that are deemed to be important for the country's competitiveness and hence suitability for investment.
The coverage of the GCI has been increasing over the years. The latest report (2012-2013) carries data
on 144 countries. With the amount of data increasing it becomes important to summarize the intrinsic
elements with the use of visual tools. Multivariate statistical tools could summarize vast amounts of
data while retaining the critical pieces of information and the interdependencies between the variables
and the objects. This chapter demonstrates the use of two such techniques, namely Cluster Analysis and
Multidimensional Scaling (MDS) on the World Economic Forum 2012-2013 G lobai Competitiveness data.
Chapter 3
Analyzing the Efficiency of European Banks: A DEA-Based Risk and Profitability Approach.28
Mehmet Hasan Eken, Istanbul Commerce University, Turkey
Suleyman Kale, Ziraat Bank, Turkey
Huseyin Selimler, Ziraat Bank, Turkey
Basic financial and profitability ratios such as net interest margin, return on assets, and return on equity
alone do not measure bank performances effectively as they lack the risks associated. Since the success
of banks in managing performance is expected to be largely dependent on the correct pricing and man-
agement of risks, a proper measurement of efficiency should include the effects of risks. The purpose
of this study is to benchmark risk profiles of European commercial banks and performance indicators
during the 2006-2009. The research is implemented based on four models by Data Envelopment Analy-
sis with data of 697 banks from 37 countries. The results suggest that there is an extensive inter- and
intra-country risk efficiency of banks. Profitability increase is not always directly proportional to risk
increase, and the financial crisis substantially decreased the risk efficiency of banks, especially in 2008
in developed economies.
Chapter 4
The Role of World Bank in Global Development.56
Ismail Erkan Çelik, Beykent University, Turkey
Omit Hacioglu, Beykent University, Turkey
Hasan Dinçer, Beykent University, Turkey
In global development it has been observed that the World Bank sources have been allocated on a
limited scale by developed countries as not all countries have been included in the process at the same
rate. The efforts of the World Bank to increase the development level of countries, which have resource
allocation and structural problems, have contributed to obtaining structural improvement in the world
economy as well as necessary sources of income from the world trade for each country. Depending on
that, recovery targets with the tools and resources of the World Bank used for the purpose of expanding
developing countries are set forth in this study.
Chapter S
The Central Banking Operations in Global Economy.65
Ismail Erkan Celik, Beykent University, Turkey
Hasan Dinçer, Beykent University, Turkey
Omit Hacioglu, Beykent University, Turkey
Global economic improvements with new economy concept are starting to get more competitive day by
day. The competitive transformation that comes as a result of active using the information in real sector
markets has started to show itself in finance sector. Decreasing profit margins, customer-oriented ap-
proach to service, international banking regulations and activities, put the banking sector in an important
actor in a highly competitive environment. Central bank strategies and the regulation activities on market
in developed countries is said to be one of the important parameters for the banks' current activities in
financial markets. In this context, this work presents the operations and basic historical process of the
Central Banking in Developed Markets for banks that are global actors.
Section 2
Competitive Banking and Micro-Finance Strategies
Chapter 6
Foreign Ownership and Bank Efficiency: Evidence from Turkey.75
Özlem Olgii, Koç University, Turkey
Emrah Yilmaz, Koç University, Turkey
This chapter examines the association between Foreign Direct Investment (FDI) and efficiency of com-
mercial banks in Turkey during the 2003-2010 period. First, the authors examine the technical efficiency
of banks by applying the Data Envelopment Analysis (DEA) and financial ratio analysis following the
relevant literature. Then, they attempt to shed light on the relationship between FDI and bank efficiency
applying a second stage regression analysis. The results indicate that banks that have received FDI are
more efficient than others whilst there is no significant correlation among the FDI dummy and bank ef-
ficiency in Turkey. Moreover, the analysis of balance sheet ratios suggests that foreign investors target
more profitable and larger banks in the sector to form partnerships. Thus, consistent with Berger et al.
(2003), the authors propose that efficiency is a pre-condition rather than a result of FDI in the Turkish
banking sector.
Chapter 7
Convergence in Bank Credit: A Study of the Major Indian States over the Period 1972-2010.101
Ramesh Chandra Das, Katwa College, India
Soumyananda Dinda, Sidho-Kanho-Birsha University, India
The Indian economy witnessed a major structural break in the name of economic liberalization in the
early nineties to free the economy from its long-standing controlled structure to achieve high growth
rate of the overall economy and solve the persistent low growth and development problem. The exist-
ing literature reveals the phenomenal rise in income growth as well as rising divergence across states
and regions under several grounds. The present study explores how divergences in allocation of com-
mercial bank credit overtime may result in the growing disparities in growth of incomes in the states of
India. The study observes that there are diverging tendencies among the states during the post-reform
period with respect to per-capita credit and aggregate credit. The study also reveals that the agriculture
and industrial sectors are converging during the pre-reform phase, but there are insignificant signs of
divergences in the industrial and service sectors during the post-reform period.
Chapter 8
Causality between Credit Deposit Ratio and Credit Share in Major Indian States during 1972-
2008.121
Ramesh Chandra Das, Katwa College, India
Soumyananda Dinda, Sidho-Kanho-Birsha University, India
The Indian economy has undergone different structural shifting in its history of development since 1947.
One major break was the liberalization of the economy in the period 1991-92 and the reforms in the
banking and financial sectors deserved a special attention in the study. The banking sector reform was
done under the intention to make more investible banking funds for real investment to raise credit-deposit
ratio along with proper allocation of banking funds to all the states so that share of credit of each state is
balanced. Literature shows the falling tendency of credit-deposit ratio in the immediate decade after the
reform and the rising tendency of divergence in credit possession among the states. At the same time,
the states lacking in credit-deposit ratio are either with higher, lower, or moderate shares of credits. This
study, hence, tried to examine the direction of causalities between credit-deposit ratio and credit share
for the major 16 states of India. Using the time series econometrics technique, this study found 4 states
where the causality works for the entire period and less than half of the state where causality works in
either pre-reform or post-reform periods.
Chapter 9
Can Access to Microfinance Reduce HIV Prevalence among Women? Evidence from the
Literature.135
James Atta Peprah, University of Cape Coast, Ghana
Charles Buonbah, University of Cape Coast, Ghana
Microfinance has been heralded by many as the magic bullet, able to empower marginalized popula-
tions by investing into their agency. It has been growing at an average rate of about 40%, and providers
have shown interest in reducing HIV prevalence and promoting health educational attainment among
beneficiaries' children especially among women who are vulnerable in most societies. Advocates of
microfinance intervention have often stated it aims at improving lives by enabling clients to launch and
nurture their own small businesses and enterprises so that they can become independent and improve
their livelihoods. However, complementary to microfinance strategy is to assist clients in generating
income and growing assets from the impact of crises events such as HIV and related diseases such as
malaria and tuberculosis. Sub-Saharan Africa as compared to the rest of the world faces a serious HIV
epidemic and the poor in general and women in particular are mostly at risk. This group of people is also
the target for microfinance initiatives. The study reviews some theoretical and empirical literature about
poverty, HIV and microfinance. The chapter establishes the fact that if microfinance can reduce poverty
then it could also be used as a tool for preventing HIV infection. Policy recommendation that will en-
able microfinance institutions to contribute to the prevention of HIV, and its related diseases are offered.
Chapter 10
Impact of Microfinance Bank Credit Scheme.158
Benjamin Chijioke Asogwa, University of Agriculture, Nigeria
Peter Iorhon Ater, University of Agriculture, Nigeria
Sani Modi Yakubu, University of Agriculture, Nigeria
The purpose of this chapter is to examine impact of microfinance bank credit scheme on maize farmers
in Gombe State, Nigeria, using data from 90 randomly sampled maize farmers in Gombe State. The
study showed that majority of the respondents (53.33%) accessed amount of credit ranging between
30,000 and less than 50,000 Naira. Majority of the farmers (85.56%) used their credit for the purpose
of farm production. Majority of respondents (58.89%) recorded in increase in maize output as result of
the intervention of the microfinance credit scheme. Majority of the respondents (86.67%) repaid credit
collected. The microfinance credit scheme intervention significantly improved the output and income
of the respondents. Ineffective organizational structure of the credit institutions constituted the major
constraint in accessing microfinance credits. Microfinance credit facilities extended to the farmers should
be improved upon in both quantity and quality. The organizational structure of microfinance institutions
should be reorganized to reduce bottlenecks in accessing credits.
Section 3
Stock Market and Portfolio Investments
Chapter 11
A Competitive Approach to Financial Issues: Modern Finance Theory.173
Mustafa Okur, Marmara University, Turkey
A. Osman Gurbuz, Istanbul Commerce University, Turkey
Efficient Market Hypothesis (EMH) is a cornerstone in modern finance theory. Efficient market hypothesis
states that it is impossible to make abnormal returns in financial markets because financial asset prices
always reflect all available information. This chapter was undertaken in order to give a brief survey of
modern finance theory by mainly focusing on the efficient market hypothesis. The authors also discuss
the empirical foundations of the efficient market hypothesis. Finally, the main challenges to the efficient
market hypothesis are introduced in order to point out a perspective for future research.
Chapter 12
A Comparative Hybrid Method in Technical Analysis for Stock Selection Process in Banking Sector
by Fuzzy AHP-Topsis and Vikor Method.187
Hasan Dinçer, Beykent University, Turkey
Ümit Hacioglu, Beykent University, Turkey
The decision-making process on the stock requires the comprehensive analysis of both the fundamental
and technical methods for the professionals invested in capital markets. Timing is an important issue
of investment to profit from the capital markets. Thus, technical analysis based on the behavior of the
investors and the timing as well as fundamental analysis to select the right securities are considered by
the majority for stock selection. The purpose of the study is to uncover the performance results of the
stocks in the banking sector by the main technical analysis indicators with comparative ranking methods
under fuzzy environment.
Chapter 13
Evidence for Some Underlying Time Series Momentum.205
Faten Zoghlami, Manouba University, Tunisia
The chapter documents significant and momentary momentum pattern in stock returns times series.
Moreover, the chapter gives evidence that this time series momentum is the main driver of the cross-
sectional momentum pattern. The temporary time series momentum pattern is midway between the
behavioural and rational financial theories. Given the strong and positive autocorrelation in stock returns
time series, the authors argue that investors are temporary under reacting, and they progressively find
their full rationality. Using monthly returns inherent to all stocks listed on Tunisian stock market, from
January 2000 to December 2009, the authors examine momentum strategy's excess returns before and
after considering time series momentum in stocks returns. Results show that momentum strategy is still
profitable, but no longer puzzling. Furthermore, the chapter aims to reconcile between the behavioural
and the rational financial theories, through the introduction of the progressive investors rationality.
Chapter 14
Impact of the Volatility of Macroeconomic Variables on the Volatility of Stock Market Returns:
Nigeria's Experience.218
EmekaNkoro, University of Port Harcourt, Nigeria
Aham Kelvin Uko, University of Port Harcourt, Nigeria
This chapter investigates the relationship between volatility of macroeconomic variables and the volatility
ofNigeria's stock market returns using annual data from 1985-2009. The Macroeconomic variables used
are: inflation rate, government expenditure, foreign exchange rate, index of manufacturing output, broad
money supply, and minimum rediscount rate. In pursuance of this, the AR(1)-GARCH-X(1,1) model
was used for the analysis. The findings of this study revealed that, Nigeria's current stock market return
is positively influenced by previous returns. Volatility ofNigeria's stock market returns was affected by
past volatility less than the related news from the previous period. Also, the result shows that there is
a significantly positive relationship between the volatility of the Nigeria's stock market returns and the
short run deviations of the macroeconomic variables (macroeconomic factors volatility) in the system.
The results provide some insight to investors, financial regulators, and policymakers in the Nigeria's
stock market when structuring their portfolios and formulating economic and financial policies.
Chapter 15
Globalization of Financial Risks and Evaluation of Common Stocks.231
Dilaysu Cinar, Beykent University, Turkey
Risk can be defined as uncertainty about the events that will occur in the future. Risks are encountered
in all areas of life, and become more important when it comes to financial markets. Risk in financial
markets is defined as investment securities. If the investment vehicle is government bonds or treasury
bills, they are considered to be free of risk. Because of the sudden changes in exchange rates in the
process of globalization or fluctuations in interest rates influencing the cash flows of companies, most
companies consider hedging as a viable part of the globalization strategy. Risk management policies
to ease problems and disasters, which may arise from the use of instruments. The stock market serves
as a bridge between economic activity and finance under favor of functions such as reducing the risk
of investment, and it meets the capital needs for companies. For this reason, the development of stock
markets plays an important role for the global economy and finance. Thus, the aim of this chapter is to
introduce financial risks and their effect on common stocks.
Chapter 16
A Market Analysis Approach to Portfolio Theories.241
Dilaysu Cinar, Beykent University, Turkey
Stocks are affected by general economic conditions in different ways and differing severities. Various
parameters affect different securities. Through diversification by making a mixture of the securities,
which are affected by different states, transactions increase the benefit of the investor and this situation,
which is called portfolio management. Portfolio management is deciding when securities are removed
and when securities will be added. Traditional portfolio theory ignores the relationship between mutual
funds and quantitative data. This is done by Modern Portfolio Theory, which uses the mathematical and
statistical methods in the second half of the 20th century. Undoubtedly, market analysis within the scope
of this theory will provide great convenience to investors. Thus, the aim of this study is to express some
basic concepts to discuss the both traditional and modern portfolio theories and their importance in the
technical and fundamental analyses.
Section 4
Social and Behavioral Strategies in Finance
Chapter 17
Behavioral Finance in Theory and Practice.254
Mustafa Okur, Marmara University, Turkey
A. Osman Gurbuz, Istanbul Commerce University, Turkey
Behavioral finance is a new approach in finance literature. The main idea is that investors are not as
rational as they are assumed to be. Therefore, financial markets could be better understood by using
models that capture the effects of both rational and irrational investors. The critics of behavioral finance
could be grouped into two main categories: limits of arbitrage and psychological factors. This chapter
concentrates on both challenges and possible contributions of behavioral finance theory to the modern
finance theory, which is mainly based on rational expectations theoiy and efficient market hypothesis.
Chapter 18
Racial Differences in Financial Socialization and Financial Behaviors of U.S. College Students.272
Michael S. Gutter, University of Florida, USA
Zeynep Copur, Hacettepe University, Turkey
Amanda Blanco, University of Florida, USA
This chapter focuses on the effect of race on financial socialization and financial behavior of college
students. Data (N = 13,845) were collected from current college students age 18 and over via an online
survey throughout the United States during spring and fall of 2008. Results from means comparisons
showed significant differences on the financial socialization between Black and White college students.
Logistic regression results suggest important relationship exist between race and financial behaviors.
Black students were less likely to save and more likely to engage in risky credit card behavior than White
students after controlling for the effects of all other variables.
Chapter 19
Innovative Work Behaviors in Turkish Banking Sector .293
Hasan Dinger, Beykent University, Turkey
Nazife Orhan, Beykent University, Turkey
In relation to globalization and its worldwide effects, the requirement for a high level of emotional
intelligence competency that both senior managers, junior administrative officers, and other employees
should have has gained importance for a successful decision making process. In addition, the significance
of innovative management strategies and also employees who are open to innovations has started to
be more of an issue for companies since dynamic changes and developments in the field of technology
owing to this fierce competition affect almost all sectors seriously. Taking all of these variables into
consideration, this chapter aims to investigate the role and importance of innovative work behaviors
in the Turkish Banking Sector by using the questionnaire technique as a data collection tool. Findings
have been obtained from 332 staff through the survey on emotional intelligence competency by Wong
and Law and the innovative work behavior survey by Janssen.
Chapter 20
The Role of Social Media Strategies in Competitive Banking Operations Worldwide.304
Nurdan Oncel Taskiran, Kocaeli University, Turkey
Recep Yilmaz, Beykent University, Turkey
Nursel Bolat, Istanbul Arel University, Turkey
Social media has rapidly taken its place among the important phenomenons of today. It has an important
role in institutionalization and companies' financial effectivness in many fields. This chapter discusses
concept, development of social media, investigations about social media in different continents, its
relation with institutionalization, and its role in the banking sector in the process of globalisation. In
this study, social media strategies of a global bank on different continents are empirically analysed.
Obtained data sheds light on the relationship between the social and economic capital in today's world
in an interdisciplinary platform.
Chapter 21
Innovative Strategies Devised by Indian Microfinance Institutions.341
Nadiya Marakkath, Tata Institute of Social Sciences, Mumbai
This study is a discussion on the Non-Governmental Organization-Microfinance Institution Partnership
Model and the Securitization Model used by Indian microfinance institutions to achieve cost efficiency.
These two models are effective strategies devised and used by efficient and sustainable Indian MFIs to
reduce their operating cost and financing cost. Achieving such cost efficiency is crucial for microfinance
institutions to attain operational self-sustainability without levying high interest rates. Using the inter-
view method, the study elicits information on these innovative strategies and recommends them to be
worthy of emulation for other microfinance institutions operating in the Indian microfinance industry.
Section 5
Local Issues and Strategies in Finance
Chapter 22
Evaluating the Banking Sector Recapitalization for Economic Growth in Nigeria.349
Peterl.Ater, University of Agriculture, Nigeria
Benjamin C. Asogwa, University of Agriculture, Nigeria
The purpose of this chapter is to assess the contribution of the banking sector's recapitalization to
economic growth. Secondaiy data of all banks in Nigeria for 1980-2006 from Central Bank of Nigeria
were used for the study. The findings of the study revealed higher mean GDP (N86.229 trillion) at post-
recapitalization era compared to pre-recapitalization era (N56.860 trillion). Furthermore, 37% and 25%
growth in GDP were recorded at post- and pre-recapitalization era, respectively. Selected indicators
(bank credit, asset, saving deposit, and total loan) were all higher in the post recapitalization era. The
result of t-test showed that there was a significant difference in GDP at pre and post recapitalization era
at 5% significance level holding inflation constant. Bank asset had significant effect on GDP in the post-
recapitalization era. Bank performance indicators could not fully account for growth and development
in Nigeria's economy though growth was recorded. Under subsequent initiatives, bank asset and total
loan increased massively, while bank credit and saving deposits were stepped up via credit and savings
incentives provisions for greater impact on growth in Nigeria.
Chapter 23
Emerging Legal Issues in Banking Operations.358
Kemale Aslanova, Beykent University, Turkey
This chapter deals with legal issues in banking activities, which have gained interest during the past
decade. It determines the place of legal issues related to banking activities, such as consumer loans,
credit cards, and electronic banking, which all have gained even more importance after the last global
financial crisis. The chapter focuses on the comparative analysis of current legal issues in Turkey and
in the European Union and the legal issues related to risks in the sphere of electronic banking and sug-
gests potential strategies.
Chapter 24
Financial Distress and Bankruptcy Costs .369
Ben Jabeur Sami, IESEG School of Management, France
Since the crisis of the 1930s and the early work of writers such as Fitzpatrick (1932), the problem of
failure has become afield of investigation and research in its own right. According to Franks and Sussman
(2005), a firm is defined as being in distress once the local branch or regional credit manager decides to
transfer a status report to the monitoring unit of economic enterprises or responsible financial diagnosis.
Such decisions may occur, especially for SMEs, in the case of violations of certain terms (non-payment
of interest exceeding the overdraft limit.) or following a poor assessment of the future of the firm by
directors of credit (by reference to indicators such as high debt and low profitability). The objective of
this chapter suggests analyzing the processes of the financial distress of companies and their impact.
Chapter 25
Analysis of Spatial Price Efficiency in Rural and Urban Markets in Nigeria .380
Benjamin C. Asogwa, University of Agriculture, Nigeria
Peter I. Ater, University of Agriculture, Nigeria
Jacqueline A. Ezihe, University of Agriculture, Nigeria
The purpose of this chapter is to analyse spatial price efficiency of food products in rural and urban
markets in Benue State, Nigeria. A weekly market survey was carried out for 40 weeks in rural and urban
markets in Benue State in order to generate data for the study. The study indicated that price association
existed between the base (urban) market and the supplying (rural) markets. There was great variability
in the prices of food commodities between the base market and the supplying markets. The result of the
study also showed that there was a marked price differential between the base market and the supplying
markets. Furthermore, interactions between the base market and the supplying markets were character-
ized by marked imperfections and inefficiency in the marketing system. Price information, including
its quality and availability should be enhanced. Storage facilities and other social amenities should be
provided for farmers in the rural areas where agricultural activities are predominant.
Chapter 26
Currency and Interest Rate Effect on Financial Ratios: Technology Case on I SE.394
Engin Demirel, Trakya University, Turkey
Sibel Yilmaz Turkmen, Marmara University, Turkey
The purpose of this study is to analyze the effects of currency and interest rates on selected financial
ratios of technology firms. In a developing country, as an economic indicator, currency and interest rates
have crucial impact on technology firms' financial statements. The authors selected financial ratios from
seven technology companies that were included in the technology index on Istanbul Stock Exchange
(ISE) between the years 2001 and 2010. Findings suggest that Dollar and Euro-Turkish Lira currency
affect the current ratio, Euro-Turkish Lira currency only affects the acid-test ratios and net working capital
turnover, and Dollar currency and interest rates both have an effect on total asset turnover. Net profit
margin ratio is only affected by interest rates changes. This analysis helps technology sector managers
and shareholders to forecast the changing currency and interest rates in order to optimize their financial
statements.
Chapter 27
Financial Control and Ratio Analysis in Local Governments .410
Ali Kablan, Istanbul University, Turkey
Local governments have to use their sources in the most efficient way against increasing service demands.
Local governments' incomes are to be collected regularly and in accordance with the conditions, and
their expenses are to be spent in the most efficient way. These depend on the healthy operation of budget,
accounting, and financial control systems related to them. Progress of the system shall be controlled in
local governments, and this data shall be analyzed and presented to the higher authorities as reports.
Today, only official reports take place in local governments, and there is no analysis related to control.
This causes the deterioration of the balance of income and expenditure and affects service presentation
and service quality in a negative way. Financial structure of local governments is the most important
issue that determines the quality and aspect of the services provided to the region. The efficiency of
local qualified incomes, transfers of local management, and size of the resources caused of borrowing
play an important role in forming the financial structure (Kurtuluç, 2006, p. 28). Therefore, management
and financial analysis ratios are needed. Due to these ratios, establishing a control system can be used
in management. In this study, financial resources in public management are analyzed, ratios related to
these financial resources are included, and a suggestion for financial implementation for local govern-
ments is promoted.
Compilation of References.423
About the Contributors.459
Index.467 |
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| discipline | Wirtschaftswissenschaften |
| format | Book |
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| genre | 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content |
| genre_facet | Aufsatzsammlung |
| id | DE-604.BV042015747 |
| illustrated | Illustrated |
| indexdate | 2024-07-20T08:40:56Z |
| institution | BVB |
| isbn | 9781466646353 |
| language | English |
| lccn | 013025102 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027457537 |
| oclc_num | 889452706 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM |
| owner_facet | DE-19 DE-BY-UBM |
| physical | XXVII, 469 S. Ill. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Business Reference Science |
| record_format | marc |
| spelling | Global strategies in banking and finance Hasan Dincer and Ümit Hacioglu, editors Hershey Business Reference Science 2014 XXVII, 469 S. Ill. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index "This book explores the concept of a global industry through case studies, emerging research, and interdisciplinary perspectives applicable to a variety of fields in banking and finance".. Banks and banking, International Financial institutions, International Financial services industry International finance 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content Dinçer, Hasan 1982- Sonstige (DE-588)1045759430 oth Hacıoğlu, Ümit 1979- Sonstige (DE-588)1047833050 oth Erscheint auch als Online-Ausgabe 9781466646360 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027457537&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Global strategies in banking and finance Banks and banking, International Financial institutions, International Financial services industry International finance |
| subject_GND | (DE-588)4143413-4 |
| title | Global strategies in banking and finance |
| title_auth | Global strategies in banking and finance |
| title_exact_search | Global strategies in banking and finance |
| title_full | Global strategies in banking and finance Hasan Dincer and Ümit Hacioglu, editors |
| title_fullStr | Global strategies in banking and finance Hasan Dincer and Ümit Hacioglu, editors |
| title_full_unstemmed | Global strategies in banking and finance Hasan Dincer and Ümit Hacioglu, editors |
| title_short | Global strategies in banking and finance |
| title_sort | global strategies in banking and finance |
| topic | Banks and banking, International Financial institutions, International Financial services industry International finance |
| topic_facet | Banks and banking, International Financial institutions, International Financial services industry International finance Aufsatzsammlung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027457537&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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