The Experts below are selected from a list of 314640 Experts worldwide ranked by ideXlab platform
Colin Paton - One of the best experts on this subject based on the ideXlab platform.
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corporate governance in the Financial Services sector
Corporate Governance, 2007Co-Authors: Morrison Handleyschachler, Linda Juleff, Colin PatonAbstract:Purpose – The purpose of this paper is to overview the goals of corporate governance in the Financial Services sector from a theoretical perspective. This sector has experienced some high profile corporate scandals, including BCCI, Barings Bank, and Equitable Life. Yet the UK's Combined Code on Corporate Governance does not give any special prominence to the corporate governance issues involved in this important and idiosyncratic business area.Design/methodology/approach – First, the broad parameters of corporate governance are discussed, from a theoretical perspective. From this particular characteristics are derived applicable to the Financial Services sector. These issues are examined and the extent to which they have been addressed by contemporary academic or policy‐related studies is considered, and also how they are related to the activities of the main bodies responsible for external oversight.Findings – The main attention of this paper is banks and a key issue arising is that the typical structure...
Kwangwoo Park - One of the best experts on this subject based on the ideXlab platform.
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Corporate Environmental Responsibility and Firm Performance in the Financial Services Sector
Journal of Business Ethics, 2015Co-Authors: Hoje Jo, Hakkon Kim, Kwangwoo ParkAbstract:In this study, we examine whether corporate environmental responsibility (CER) plays a role in enhancing operating performance in the Financial Services sector. Because achieving success with CER investing is often a long-term process, we maintain that by effectively investing in CER, executives can decrease their firms’ environmental costs, thereby enhancing operating performance. By employing a unique environmental dataset covering 29 countries, we find that the reducing of environmental costs takes at least 1 or 2 years before enhancing return on assets. We also find that reducing environmental costs has a more immediate and substantial effect on the performance of Financial Services firms in well-developed Financial markets than in less-developed Financial markets. These results are economically and statistically significant and robust even after alleviating endogeneity and using an additional performance measure. We interpret our empirical results as supporting the social impact and reputation-building hypothesis. Our findings also suggest that policy makers dealing with corporate sustainability management should pursue an environment-centered industry policy not only at the manufacturing sector but also at the Financial Services sector, as firms in both sectors with lower environmental costs perform better.
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corporate environmental responsibility and firm performance in the Financial Services sector
Journal of Business Ethics, 2015Co-Authors: Hoje Jo, Kwangwoo ParkAbstract:In this study, we examine whether corporate environmental responsibility (CER) plays a role in enhancing operating performance in the Financial Services sector. Because achieving success with CER investing is often a long-term process, we maintain that by effectively investing in CER, executives can decrease their firms’ environmental costs, thereby enhancing operating performance. By employing a unique environmental dataset covering 29 countries, we find that the reducing of environmental costs takes at least 1 or 2 years before enhancing return on assets. We also find that reducing environmental costs has a more immediate and substantial effect on the performance of Financial Services firms in well-developed Financial markets than in less-developed Financial markets. These results are economically and statistically significant and robust even after alleviating endogeneity and using an additional performance measure. We interpret our empirical results as supporting the social impact and reputation-building hypothesis. Our findings also suggest that policy makers dealing with corporate sustainability management should pursue an environment-centered industry policy not only at the manufacturing sector but also at the Financial Services sector, as firms in both sectors with lower environmental costs perform better. Copyright Springer Science+Business Media Dordrecht 2015
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corporate environmental responsibility and firm performance in the Financial Services sector
2014Co-Authors: Hakkon Kim, Kwangwoo ParkAbstract:In this study, we examine whether corporate environmental responsibility (CER) plays a role in enhancing operating performance in the Financial Services sector. Because achieving success with CER investing is often a long-term process, we maintain that by effectively investing in CER, executives can decrease their firms’ environmental costs, thereby enhancing operating performance. By employing a unique environmental data set covering 29 countries, we find that the lowering of environmental costs takes at least one or two years before enhancing return on assets (ROA). We also find that lowering environmental costs has a more immediate and substantial effect on the performance of Financial Services firms in well-developed Financial markets than in less-developed Financial markets. These results are economically and statistically significant and robust even after alleviating endogeneity and using an additional performance measure. We interpret our empirical results as supporting the social impact and reputation-building hypothesis. Our findings also suggest that policy makers dealing with corporate sustainability management should pursue an environment-centered industry policy not only at the manufacturing sector but also at the Financial Services sector, as firms in both sectors with lower environmental costs perform better.
Maureen Were - One of the best experts on this subject based on the ideXlab platform.
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Mobile Financial Services and Financial inclusion: Is it a boon for savings mobilization?
Review of Development Finance, 2017Co-Authors: Shem Alfred Ouma, Teresa Maureen Odongo, Maureen WereAbstract:The adoption of mobile telephony to provide Financial Services in Africa has become instrumental in integrating the hitherto unbanked segments of the population to the mainstream Financial systems. This study sought to establish this linkage by examining whether the pervasive use of mobile telephony to provide Financial Services is a boon for savings mobilization in selected countries in sub Saharan Africa. The findings show that availability and usage of mobile phones to provide Financial Services promotes the likelihood of saving at the household level. Not only does access to mobile Financial Services boost the likelihood to save, but also has a significant impact on the amounts saved, perhaps due to the frequency and convenience with which such transactions can be undertaken using a mobile phone. Both forms of savings, that is, basic mobile phone savings stored in the phone and bank integrated mobile savings are likely to be promoted by use of mobile phones. Thus, growing and deepening the scope for mobile phone Financial Services is an avenue for promoting savings mobilization, especially among the poor and low income groups with constrained access to formal Financial Services.
Morrison Handleyschachler - One of the best experts on this subject based on the ideXlab platform.
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corporate governance in the Financial Services sector
Corporate Governance, 2007Co-Authors: Morrison Handleyschachler, Linda Juleff, Colin PatonAbstract:Purpose – The purpose of this paper is to overview the goals of corporate governance in the Financial Services sector from a theoretical perspective. This sector has experienced some high profile corporate scandals, including BCCI, Barings Bank, and Equitable Life. Yet the UK's Combined Code on Corporate Governance does not give any special prominence to the corporate governance issues involved in this important and idiosyncratic business area.Design/methodology/approach – First, the broad parameters of corporate governance are discussed, from a theoretical perspective. From this particular characteristics are derived applicable to the Financial Services sector. These issues are examined and the extent to which they have been addressed by contemporary academic or policy‐related studies is considered, and also how they are related to the activities of the main bodies responsible for external oversight.Findings – The main attention of this paper is banks and a key issue arising is that the typical structure...
Jonathan Haskel - One of the best experts on this subject based on the ideXlab platform.
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Productivity and innovation in UK Financial Services: an intangible assets approach Productivity and Innovation in UK Financial Services: An Intangible Assets Approach*
2020Co-Authors: Annarosa Pesole, Jonathan HaskelAbstract:Abstract Financial Services are typically described as highly innovative (excessively so according to some). However, it is hard to see this by many standard IO innovation and productivity measures. Patenting for Financial products in the UK is zero. The R&D/sales ratio in UK Financial Services is 0.02%, putting finance (on this measure) less innovative than furniture manufacture (0.3%). Whilst measured labour and total factor productivity growth have been quite rapid, there are doubts over measurement and the residual nature of TFP growth leaves open the question of what drives Financial innovation. This paper looks at innovation in UK Financial Services by trying to bring together the industry productivity/TFP literature with some of the case study evidence. Case studies suggest that much Financial innovation (a) can be readily copied and (b) requires investment in product development, software, marketing, training and organisational change. Whilst copying can be captured by TFP, these investments are almost certainly not captured by conventional R&D. Thus we follow the Corrado, Hulten and Siche
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Productivity and Innovation in UK Financial Services: An Intangible Assets Approach*
2020Co-Authors: Jonathan HaskelAbstract:Abstract Financial Services are typically described as highly innovative (indeed excessively so according to some commentators). However, it is hard to see this by many standard IO innovation and productivity measures. Patenting for Financial products in the UK is zero. R&D as a fraction of sales in UK Financial Services is 0.02%, putting finance (on this measure) less innovative than furniture manufacture (0.3%). Whilst measured labour and total factor productivity growth have been quite rapid, there are doubts over measurement and the residual nature of TFP growth leaves open the question of what drives Financial innovation. This paper looks at innovation in UK Financial Services by trying to bring together the industry productivity/TFP literature with some of the case study evidence. Case studies suggest that much Financial innovation (a) can be readily copied and (b) requires investment in product development, software, marketing, training and organisational change. Whilst copying can be captured by TFP, these investments are almost certainly not captured by conventional R&D. Thus we follow the Corrado, Hulten and Siche
