Power Engineering restructuring has led to the new industry enterprises formation, which requires the development of modern investment attractiveness methods. An objective comparative analysis of Russian power companies is vital to make the valid financial and economic decisions by strategic owners and outside investors. Stock indicators currently in use do not take into account the specific characteristics of power engineering and Russian power companies. The comparison of the energy facilities should be carried out, taking into account the technical state of the generating capacity. The scientific article proposes the inclusion of the specific energy indicators in the consolidated group of the energy companies’ investment attractiveness factors. This component reflects the businesses ability of the sustainable cash flow generation, representing the participants' investment potential of the Russian competitive electricity and power market.
{"title":"COMPLEX INDEX EVALUATION DETERMINING INVESTMENT POTENTIAL OF HYDROGENERATING ASSETS","authors":"V. V. Velikorosov, A. Karyakin, A. S. Tarasova","doi":"10.13165/ie-19-13-2-12","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-12","url":null,"abstract":"Power Engineering restructuring has led to the new industry enterprises formation, which requires the development of modern investment attractiveness methods. An objective comparative analysis of Russian power companies is vital to make the valid financial and economic decisions by strategic owners and outside investors. Stock indicators currently in use do not take into account the specific characteristics of power engineering and Russian power companies. The comparison of the energy facilities should be carried out, taking into account the technical state of the generating capacity. The scientific article proposes the inclusion of the specific energy indicators in the consolidated group of the energy companies’ investment attractiveness factors. This component reflects the businesses ability of the sustainable cash flow generation, representing the participants' investment potential of the Russian competitive electricity and power market.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nowadays, in the conditions of permanent economic instability it is very important to find effective instruments of sustainability of economic security. There is awareness that economic security is based on investment attractiveness of corporate and other assets. It can explain scientific interest to the research of increasing investment attractiveness of assets with the help of marketing methods and how it will influence the level of economic security in the country. The present manuscript focuses on the research of the marketing investment marketing support in the system of economic security of the state. Initially, the data that confirm the influence of marketing mechanisms of investment activity were provided. Additionally, we introduced the ways of effective introduction of investment activity based on marketing and the system of economic security. We conclude with a discussion on where the future of marketing in investments and economic security lies.
{"title":"MECHANISMS OF INVESTMENT MARKETING SUPPORT OF THE STATE ECONOMIC SECURITY SYSTEM","authors":"P. Burak, O. Khadzhynova, V. Gonchar, O. Kalinin","doi":"10.13165/ie-19-13-2-08","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-08","url":null,"abstract":"Nowadays, in the conditions of permanent economic instability it is very important to find effective instruments of sustainability of economic security. There is awareness that economic security is based on investment attractiveness of corporate and other assets. It can explain scientific interest to the research of increasing investment attractiveness of assets with the help of marketing methods and how it will influence the level of economic security in the country. The present manuscript focuses on the research of the marketing investment marketing support in the system of economic security of the state. Initially, the data that confirm the influence of marketing mechanisms of investment activity were provided. Additionally, we introduced the ways of effective introduction of investment activity based on marketing and the system of economic security. We conclude with a discussion on where the future of marketing in investments and economic security lies.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article is devoted to the problem of the efficiency of the labor using in trade. The necessity of introduction of modern mechanisms and tools of personnel management in the work of trade enterprises is proved in this article. Recognized, that the ability of the continuous development of the sphere of trade, the apparent disproportion and the structural deformation of the employment market negatively related to the quality and effectiveness of the business and financial and economic results of management. This situation implies the need for intensification of the efficiency of the realization of labor and intellectual potential at all levels of economic relations. The main objective of the study is the factors that will ensure a convergence of social-labor interests of employees, employers and society. As a result, the formation and rational use of human capital and the high efficiency of labor will be ensured. Today, in spite of the increase in the level of employment and payments in Ukraine, there is still insufficient financial stimulation, an adequate need for trade workers, full support of the social support, protection and assistance that would meet international standards, and create insufficiently competitive job positions.
{"title":"STATE POLICY OF USE AND STIMULATION OF LABOR RESOURCES TRADE","authors":"N. Kovshun, O. Tsvirko, O. Redkva","doi":"10.13165/ie-19-13-2-07","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-07","url":null,"abstract":"The article is devoted to the problem of the efficiency of the labor using in trade. The necessity of introduction of modern mechanisms and tools of personnel management in the work of trade enterprises is proved in this article. Recognized, that the ability of the continuous development of the sphere of trade, the apparent disproportion and the structural deformation of the employment market negatively related to the quality and effectiveness of the business and financial and economic results of management. This situation implies the need for intensification of the efficiency of the realization of labor and intellectual potential at all levels of economic relations. The main objective of the study is the factors that will ensure a convergence of social-labor interests of employees, employers and society. As a result, the formation and rational use of human capital and the high efficiency of labor will be ensured. Today, in spite of the increase in the level of employment and payments in Ukraine, there is still insufficient financial stimulation, an adequate need for trade workers, full support of the social support, protection and assistance that would meet international standards, and create insufficiently competitive job positions.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A brief overview of the changes in customs regulations in the Eurasian Economic Union is provided in this article. The author makes the attempt of analysing of the Customs Code of the Eurasian Economic Union in comparison with the Customs Code of the Customs Union. The proposal on the modification of the Customs Code is made.
{"title":"CUSTOMS CODE OF THE EURASIAN ECONOMIC UNION: THE BASIS OF CUSTOMS RELATIONS","authors":"P. Boltochko","doi":"10.13165/IE-18-12-1-01","DOIUrl":"https://doi.org/10.13165/IE-18-12-1-01","url":null,"abstract":"A brief overview of the changes in customs regulations in the Eurasian Economic Union is provided in this article. The author makes the attempt of analysing of the Customs Code of the Eurasian Economic Union in comparison with the Customs Code of the Customs Union. The proposal on the modification of the Customs Code is made.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262317","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nowadays when the complexity of services provided by freight forwarders is increasing, especially when dealing with multimodal transport or project logistics, unified freight forwarders’ documents are one of the main instruments in cross border trade facilitation. While discussing the role of freight forwarder in multimodal transport, the author presents an analysis of several key documents that are commonly used in trade logistics herewith revealing the impact of indeterminacy of freight forwarding responsibilities. The purpose of this article is to introduce the reader to freight forwarders’ documents and forms with a focus on the models of usage of FIATA Bill of Lading and FIATA Forwarders Certificate of Receipt. Two scenarios of primary concern, respecting possible schemes of fraudulent usage of FIATA Bill of Lading are revealed in the article together with possible solutions for reducing the risk.
{"title":"THE COMPLEXITY EFFECT OF FREIGHT FORWARDING TRADE INSTRUMENTS IN PROJECT LOGISTICS","authors":"Monika Petkevičiūtė-Stručko, Ivanou Yauhen","doi":"10.13165/IE-18-12-1-04","DOIUrl":"https://doi.org/10.13165/IE-18-12-1-04","url":null,"abstract":"Nowadays when the complexity of services provided by freight forwarders is increasing, especially when dealing with multimodal transport or project logistics, unified freight forwarders’ documents are one of the main instruments in cross border trade facilitation. While discussing the role of freight forwarder in multimodal transport, the author presents an analysis of several key documents that are commonly used in trade logistics herewith revealing the impact of indeterminacy of freight forwarding responsibilities. The purpose of this article is to introduce the reader to freight forwarders’ documents and forms with a focus on the models of usage of FIATA Bill of Lading and FIATA Forwarders Certificate of Receipt. Two scenarios of primary concern, respecting possible schemes of fraudulent usage of FIATA Bill of Lading are revealed in the article together with possible solutions for reducing the risk.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alvydas Jablonskis, Mara Petersone, Kārlis Ketners
The article deals with the concept of a relatively new social phenomenon, namely, customs logistics. The authors seek to draw the attention of the scientific community to the changes in logistics determined by globalisation and integration processes and new functions of customs in exercising supervision of international trade, regulating and controlling it. It is pointed out that the goals and objectives of the entities carrying out these activities (states, organisations, companies) do not necessarily coincide, hence scientific research into this phenomenon should involve an international integrated team of researchers and scientific partnership.
{"title":"INSIGHTS INTO THE DEFINITION OF CUSTOMS LOGISTICS","authors":"Alvydas Jablonskis, Mara Petersone, Kārlis Ketners","doi":"10.13165/IE-18-12-1-02","DOIUrl":"https://doi.org/10.13165/IE-18-12-1-02","url":null,"abstract":"The article deals with the concept of a relatively new social phenomenon, namely, customs logistics. The authors seek to draw the attention of the scientific community to the changes in logistics determined by globalisation and integration processes and new functions of customs in exercising supervision of international trade, regulating and controlling it. It is pointed out that the goals and objectives of the entities carrying out these activities (states, organisations, companies) do not necessarily coincide, hence scientific research into this phenomenon should involve an international integrated team of researchers and scientific partnership.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262331","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In recent years, increasing attention has been paid to the security of international flows, with a focus on a specific area of logistics, namely, customs logistics, understandably both as a new branch of science and as an integral, complex and multifaceted area of activity. Customs logistics includes the processes, functions and challenges of transportation, warehousing, forwarding, inventory management, management of flows/resources and other areas of activity, insofar as they are related to the legal acts implemented by customs, customs supervision, interaction between customs and business in developing secure international trade. This is an area of research and practice which is rapidly developing, is open to innovations and new ideas, is introducing smart technologies and is consolidating intellectual capital and which is closely linked to economics, management, law and other areas of research activity. The distinctive feature of logistics, including customs logistics, is the management of flows and resources in the international supply chain, regulation of logistic operations, functions and processes at the international, regional and national levels, wide geography of activities, increasingly complex interactions between entities of logistic activity, optimal use of resources, creation of added value using instruments of logistic activity, rational and effective risk management, ensuring of safety and security. The outcome of activity in customs logistics (the length of delivery of a consignment, safety and security, speedy and inexpensive completion of formalities, prompt and efficient performance of logistic operations) is determined not only by the logistic operations performed, but also, and sometimes primarily, by the nature of interaction between entities of this activity and controlling institutions (customs authorities, border guard, etc.), possibilities of cooperation and its consequences, the compatibility of information, computer and communications technologies, the efficient use of available information resources, the validity, objectivity and rationality of decisions and discretions. Changes in the activity of customs as the state institution implementing customs and international trade policy directly and significantly influence the security of the EU’s economic area. The article presents one of the possible concepts of customs logistics as a new area of logistic activity, discusses guidelines for customs and business cooperation and tendencies of the implementation of the discretionary powers granted to customs officials in enhancing the security of international trade.
{"title":"ADMINISTRATIVE DISCRETION ASSUMPTIONS IN DEVELOPING CUSTOMS LOGISTICS","authors":"Alfonsas Laurinavičius","doi":"10.13165/IE-18-12-1-03","DOIUrl":"https://doi.org/10.13165/IE-18-12-1-03","url":null,"abstract":"In recent years, increasing attention has been paid to the security of international flows, with a focus on a specific area of logistics, namely, customs logistics, understandably both as a new branch of science and as an integral, complex and multifaceted area of activity. Customs logistics includes the processes, functions and challenges of transportation, warehousing, forwarding, inventory management, management of flows/resources and other areas of activity, insofar as they are related to the legal acts implemented by customs, customs supervision, interaction between customs and business in developing secure international trade. This is an area of research and practice which is rapidly developing, is open to innovations and new ideas, is introducing smart technologies and is consolidating intellectual capital and which is closely linked to economics, management, law and other areas of research activity. The distinctive feature of logistics, including customs logistics, is the management of flows and resources in the international supply chain, regulation of logistic operations, functions and processes at the international, regional and national levels, wide geography of activities, increasingly complex interactions between entities of logistic activity, optimal use of resources, creation of added value using instruments of logistic activity, rational and effective risk management, ensuring of safety and security. The outcome of activity in customs logistics (the length of delivery of a consignment, safety and security, speedy and inexpensive completion of formalities, prompt and efficient performance of logistic operations) is determined not only by the logistic operations performed, but also, and sometimes primarily, by the nature of interaction between entities of this activity and controlling institutions (customs authorities, border guard, etc.), possibilities of cooperation and its consequences, the compatibility of information, computer and communications technologies, the efficient use of available information resources, the validity, objectivity and rationality of decisions and discretions. Changes in the activity of customs as the state institution implementing customs and international trade policy directly and significantly influence the security of the EU’s economic area. The article presents one of the possible concepts of customs logistics as a new area of logistic activity, discusses guidelines for customs and business cooperation and tendencies of the implementation of the discretionary powers granted to customs officials in enhancing the security of international trade.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Economic inequality stops economic growth as well as reduces social and economic welfare. Basically, the standard means to measure economic inequality include such aspects as income inequality and consumption inequality, however, to find out the actual level of economic inequality the diversity of material living conditions and wealth distribution should be analyzed as well. The aspects of unequal distribution of material living conditions and housing inequality were not the main objects of sufficient scientific research. Due to this fact, the main aspects to be analyzed in this article are the diversity of material living conditions and housing inequality in Lithuania with the special focus on the extent and volatility of the problem.
{"title":"THE DIVERSITY OF MATERIAL LIVING CONDITIONS (HOUSING INEQUALITY): LITHUANIAN CASE","authors":"Lina Volodzkiene","doi":"10.13165/IE-18-12-1-05","DOIUrl":"https://doi.org/10.13165/IE-18-12-1-05","url":null,"abstract":"Economic inequality stops economic growth as well as reduces social and economic welfare. Basically, the standard means to measure economic inequality include such aspects as income inequality and consumption inequality, however, to find out the actual level of economic inequality the diversity of material living conditions and wealth distribution should be analyzed as well. The aspects of unequal distribution of material living conditions and housing inequality were not the main objects of sufficient scientific research. Due to this fact, the main aspects to be analyzed in this article are the diversity of material living conditions and housing inequality in Lithuania with the special focus on the extent and volatility of the problem.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose of the article The goal of the paper is to reflect the results of the authors’ conducted survey among Latvian business sector representatives that was aimed to get an insight into the level of awareness about intellectual capital investments. Methodology/methods To achieve the established goal the survey among representatives of Latvian 203 companies is conducted. The most companies represent production, service and trade industries of the national economy. Survey instru-ments is the authors’ developed questionnaire that involves fourteen questions: six of them are respondent profile questions, and the remaining are aimed to determine the core of the concept of intellectual capital on the viewpoint of respondents, the importance of the intellectual capital perceived by respondents, the expected results from the intellectual capital investments. Respondents’ answers were evaluated within the respondents’ groups, based on the profile criteria, such as company’s age, size, financial performance, location and business sector. Data processing was completed in SPSS environment, using analysis of frequencies, ranking and independent samples T-test. Scientific aim The goal of the current research is to evaluate the perceived importance of the expected results from the intellectual capital investments by Latvian entrepreneurs, and reveal the difference in perceptions caused by the differences in companies’ profiles. Findings Research results show that most perceived outcomes form IC investments are financial outcomes. Significant differences in evaluations of representatives of different kind of respondents are observed. Depending on company size, age of activities and location of company (Riga and non-Riga) importance of expected outcomes is different. Large and old companies pay attention not only to financial outcomes, but also to non-financial outcomes. Analyzing perceptions of outcomes by location of company, authors find that there are differences only in two outcomes evaluations. Companies in Riga evaluates “reputation and brand value enhancement” higher, than companies in regions. But companies in regions evaluate “cost reduction in the future” higher than companies in Riga. Conclusions (limits, implications etc) In contemporary economics situation in Latvia, microcompanies and “new” companies have limited amount of resources for development. Usally their strategy based on activities, which provide company existance at the present moment. Large and “old”companies have better financial conditions and built their strategies on sustainable development principles. They take into account not only possible financial outcomes from the IC investments, but also non-financial outcomes.
{"title":"Entrepreneurs’ perception of outcomes from intellectual capital investments","authors":"Oksana Lentjushenkova, J. Titko","doi":"10.13165/IE-17-11-1-05","DOIUrl":"https://doi.org/10.13165/IE-17-11-1-05","url":null,"abstract":"Purpose of the article The goal of the paper is to reflect the results of the authors’ conducted survey among Latvian business sector representatives that was aimed to get an insight into the level of awareness about intellectual capital investments. Methodology/methods To achieve the established goal the survey among representatives of Latvian 203 companies is conducted. The most companies represent production, service and trade industries of the national economy. Survey instru-ments is the authors’ developed questionnaire that involves fourteen questions: six of them are respondent profile questions, and the remaining are aimed to determine the core of the concept of intellectual capital on the viewpoint of respondents, the importance of the intellectual capital perceived by respondents, the expected results from the intellectual capital investments. Respondents’ answers were evaluated within the respondents’ groups, based on the profile criteria, such as company’s age, size, financial performance, location and business sector. Data processing was completed in SPSS environment, using analysis of frequencies, ranking and independent samples T-test. Scientific aim The goal of the current research is to evaluate the perceived importance of the expected results from the intellectual capital investments by Latvian entrepreneurs, and reveal the difference in perceptions caused by the differences in companies’ profiles. Findings Research results show that most perceived outcomes form IC investments are financial outcomes. Significant differences in evaluations of representatives of different kind of respondents are observed. Depending on company size, age of activities and location of company (Riga and non-Riga) importance of expected outcomes is different. Large and old companies pay attention not only to financial outcomes, but also to non-financial outcomes. Analyzing perceptions of outcomes by location of company, authors find that there are differences only in two outcomes evaluations. Companies in Riga evaluates “reputation and brand value enhancement” higher, than companies in regions. But companies in regions evaluate “cost reduction in the future” higher than companies in Riga. Conclusions (limits, implications etc) In contemporary economics situation in Latvia, microcompanies and “new” companies have limited amount of resources for development. Usally their strategy based on activities, which provide company existance at the present moment. Large and “old”companies have better financial conditions and built their strategies on sustainable development principles. They take into account not only possible financial outcomes from the IC investments, but also non-financial outcomes.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42590937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The aim of this study is to examine the efficiency of Islamic banks during and after the financial crisis, specifically in Asian countries from 2007 to 2011. This is evaluated using a non-parametric approach, in the form of a data envelopment analysis. The data was extracted from the BankScope database for the five-year period (2007-2011). The aim of this study is twofold firstly, it attempts to investigate sources of (in)efficiency in Asian Islamic banks during the recent financial crisis and the recovery period. Secondly, by using a Tobit regression analysis, it assesses the determinants of efficiency in the countries examined. An assessment of the efficiency levels of Islamic banks during the financial crisis and the recovery period, as well as within an international context, has policy ramifications for central banks in terms of enhancing the levels of efficiency and competitiveness of Islamic banks in the region. Accordingly, this will also help Islamic banks to weather future financial crises better and, in turn, improve their efficiency levels.
{"title":"HOW EFFICIENT WERE ISLAMIC BANKS DURING THE FINANCIAL CRISIS? EMPIRICAL EVIDENCE FROM ASIAN COUNTRIES","authors":"Norazlina Abd. Wahab, R. Rosman, Zairy Zainol","doi":"10.13165/IE-17-11-1-04","DOIUrl":"https://doi.org/10.13165/IE-17-11-1-04","url":null,"abstract":"The aim of this study is to examine the efficiency of Islamic banks during and after the financial crisis, specifically in Asian countries from 2007 to 2011. This is evaluated using a non-parametric approach, in the form of a data envelopment analysis. The data was extracted from the BankScope database for the five-year period (2007-2011). The aim of this study is twofold firstly, it attempts to investigate sources of (in)efficiency in Asian Islamic banks during the recent financial crisis and the recovery period. Secondly, by using a Tobit regression analysis, it assesses the determinants of efficiency in the countries examined. An assessment of the efficiency levels of Islamic banks during the financial crisis and the recovery period, as well as within an international context, has policy ramifications for central banks in terms of enhancing the levels of efficiency and competitiveness of Islamic banks in the region. Accordingly, this will also help Islamic banks to weather future financial crises better and, in turn, improve their efficiency levels.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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