Current Issue : July-September Volume : 2022 Issue Number : 3 Articles : 5 Articles
The objective of this study was to empirically assess the influence of non-functional cues (such as country of origin, bank name, advertising, and price/services charges) on consumers purchasing decisions in Islamic banking services. Consumers evaluate services using a variety of quality indicators. Although their impact on consumer decision making based on the physical product attributes has been investigated, their significance to financial decisions has not been properly explored. The current paper examines this gap and suggests an integrated model for Islamic banking financial services. Data from 813 Islamic banking clients was gathered and analyzed using the Partial Least Square (PLS) technique of Structural Equation Modelling (SEM). The findings showed that non-functional cues and consumer knowledge had a significant influence on consumer purchase decisions, as well as that consumer knowledge moderated the relationship between non-functional cues and consumer purchase decisions. The current study's findings have important implications for managers looking to revamp competitive strategies for domestic and foreign banking investment by raising awareness of the benefits of Islamic banking services....
The global financial crisis and, also, the pandemic situation, have generated the need for early warning systems, which can predict, in due time, the emergence and spread of banking crises. Macrostability deterioration can increase the country's risk. The bank crises likelihood is presented using a logistic regression, based on indicators, proposed by the European Commission. With an accuracy rate of about 89%, the results of the study captured the indicators’ power to emit early signals. This is reported using the Area Under the Receiver Operating Characteristic (AUROC), recording a prediction value of approximately 91%, with a significant positive impact on the sovereign risk. As future research directions, the paper expands by capturing the correlation between sovereign risk and banking instability, with an effect on the real economy....
Determining the solvency of insurance companies on the basis of comprehensive consideration of different risk groups is becoming especially relevant in modern financial activity, which requires thorough research of these aspects of the problem. This article contains the types and structuring of the main risks of insurance activity and it also presents their relationships. Methods. The article is based on general scientific methods of cognition especially on such as analysis and synthesis, induction and deduction, system-structural method, quantitative and qualitative comparison, grouping, method of logical generalization. Results. There is a proposed method of assessing the solvency of national insurance companies which is based on the acquired foreign approaches, considering various risk groups such as insurance, market, credit and operational risks. In order to take into account all the main risks faced by a particular insurer, the estimating technique is subject to significant transformation. A feature of the new system should be a change in approaches to assessing solvency basing on individual risks inherent in a particular insurance company. Conclusion. Practical calculations prove that the new approach proposed by the authors to determine the regulatory solvency, which is based on a set of risks, including insurance, market, credit and operational risks, requires increased requirements for the actual capital of the insurance company. The main advantage of this approach towards assessing the solvency of the company is an analytical assessment of various risks, which allows improving insurance risk management, control risk positioning in the financial market, effectively managing economic activity and ensuring overall financial stability....
In recent years, the stock market of Mongolia has become more active than ever with increased number of IPOs and SPOs and addition of number of new products in the market. With the objectives to determine and estimate the relations between P/B ratio to stock rates and other financial indicators. We have conducted the research and analyzed the 2007-2020 trading reports, the dividends distribution, and the financial reports of 42 companies with active trading lists on the Mongolian Stock Exchange identified as I and II classification stocks. We have selected the indicators such as, the size of company, dividend payout ratio, return on assets, return on equity, earnings per share, growth of earnings after taxes to be identified as other financial indicators and we have finalized the estimation. According to the results of regressive analysis, based on 565 monitoring data of 42 companies, the indicators such as, return on assets, return on equity, earnings per share have shown direct correlation to the stock rates; however, other indicators have shown no correlation at all. Thus, further studies on the non-financial factors that have impacts on P/B ratio of stock rates have to be done thoroughly by researchers and analysts....
The current study's goal is to examine the influence of the corona-virus outbreak on economic goals and personal finances for Romanian consumers. This article also compares Romanians' reaction capabilities in the present health crisis to the economic collapse of 2007-2008. The primary findings of this study include the notion that Romanians' ability to cope with severe financial shocks has improved significantly since the previous financial crisis. Furthermore, this study conducts research on the net worth of the Romanian people, as well as consumer preferences for various types of assets and financial instruments. The current paper gives an insight into the Romanian consumer's approach to dealing with financial prosperity and stability following pandemics....
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