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1 – 6 of 6Rexford Abaidoo and Hod Anyigba
This study seeks to examine the extent to which strands of inflationary related conditions (inflation expectations, inflation uncertainty and realized inflation); macroeconomic…
Abstract
Purpose
This study seeks to examine the extent to which strands of inflationary related conditions (inflation expectations, inflation uncertainty and realized inflation); macroeconomic uncertainty and the likelihood of recessionary conditions influence performance indicators in the US banking sector over a specified time period.
Design/methodology/approach
The study adopts seemingly unrelated regression model (SUR) advanced by Zellner (1962) in its examination of how specific strands of inflationary conditions, and other adverse macroeconomic conditions influence performance dynamics in the US banking sector.
Findings
Empirical evidence suggest that among various adverse macroeconomic conditions examined, inflation expectations and macroeconomic uncertainty tend to have significant constraining impact on key performance indicators in the US banking sector than other conditions examined. Comparatively, this study finds that inflation expectations and macroeconomic uncertainty tend to have much more constraining impact on return on equity, than on return on assets in the US banking sector. Results further suggest that among the three bank performance indicators examined, net interest margin is the least vulnerable bank performance indicator to various adverse macroeconomic conditions examined in the study.
Practical implications
Apart from the various empirical results noted above, this study's findings are projected to help inform strategic planning decisions among institutions in the banking sector. The various findings could, for instance, inform policies and operational strategies geared toward reducing vulnerability associated with specific performance indicators such as return on equity. This reduction could be achieved by critically examining how the various performance indicators react to individual adverse macroeconomic conditions examined in this study. The process could ultimately help in developing tailored measures/procedures aimed at reducing how susceptible key performance indicators are to the various adverse macroeconomic conditions. This study's findings could also provide the platform for more adaptive policies aimed at minimizing the effects of noted macroeconomic conditions on operational efficiency in the banking sector.
Originality/value
The uniqueness of this study, compared to related ones found in the literature, stems from its treatment of three variant of related strands of macroeconomic condition (different variant of inflationary conditions) in the same framework in its empirical analysis.
目的
本研究旨在探討與通貨膨脹有關的狀況的組成部分(通脹預期 、通脹不確定性及體現了的通脹), 宏觀經濟不確定性及經濟衰退狀況的可能性、在一段特定時間內對美國銀行業的表現指數有何種程度的影響。
研究設計/方法/理念
研究採用塞爾納 (Zellner) (1962) 提出的看似無關迴歸模型 (SUR),去探討通脹狀況的特定組成部分及其它不利的宏觀經濟狀況如何影響美國銀行業內的績效動態。
研究結果
實證證據暗示在被研究的各個不利宏觀經濟狀況中,通脹預期及宏觀經濟不確定性,對美國銀行業內的主要業績指標的約束影響, 與其它被探討的狀況相比,往往會較重大。相對地、本研究結果顯示通脹預期及宏觀經濟不確定性,對美國銀行業資本回報率的約束影響、往往遠多於資產收益率。研究結果進一步顯示,在被探討的三個銀行業績指標中,就本研究所探討的各個不利的宏觀經濟狀況而言,淨息差是脆弱性最小的銀行業績指標。
實務方面的含意
除了上述各實證結果外,本研究結果預期會給銀行業內機構間作戰略規劃的決定時提供資料,譬如,各項研究結果或可在制定旨在減少與特定業績指標如資本回報率相聯繫的脆弱性的政策和經營策略時提供資料。這脆弱性的減少,是透過嚴謹地研究各個業績指標,如何對在本研究中被探討的個別不利宏觀經濟狀況作出反應而達致的。這程序或許最終會幫助建立一個以減少各個不利宏觀經濟狀況對主要業績指標的影響為目的的量身定制措施/程序。本研究的結果,或許亦可為更多旨在減弱眾所周知的宏觀經濟狀況對銀行業運營效率的影響的適應性政策提供平台。
研究原創性/價值
與文獻中可見的相關研究比較,本研究的獨特性源於其實證分析,是涉及在同一個構架內處理宏觀經濟狀況相互有關的組成部分的三個變體 (通脹狀況的不同變體) 。
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Van Hong Nguyen and Hoang Phan Hai Yen
In recent years, agricultural activities in the Mekong Delta have frequently faced the potential risks of drought, saline intrusion and unusually heavy rainfall because of climate…
Abstract
Purpose
In recent years, agricultural activities in the Mekong Delta have frequently faced the potential risks of drought, saline intrusion and unusually heavy rainfall because of climate change, leading to a decline in crop yield. Therefore, this study aimed to establish rice planting seasons in An Giang, an upper-located province in the Mekong Delta.
Design/methodology/approach
The impacts of seasonal variation on the key rice seasons were simulated using the Food and Agriculture Organization-crop model for the OM6976 rice variety grown in the study area. For the simulation, the model combined crop, soil, weather and crop management data.
Findings
The results show that seasonal variation because of changes in weather factors leads to alternation in crop yields across the study area. Specifically, the spring and summer rice planting seasons are advanced by one to two weeks compared with the baseline, and crop yield increased by 5.9% and 4.2%, respectively. Additionally, planting for the autumn–winter rice season on 3 August increased crop yield by up to 8.1%.
Originality/value
In general, rice planting seasons that account for weather factor changes effectively reduce production costs and optimise production.
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This research aims to offers a new method for assessing geoeconomic risks in bilateral relations and evaluate the level of such risks from Vietnam’s economic dependency on China.
Abstract
Purpose
This research aims to offers a new method for assessing geoeconomic risks in bilateral relations and evaluate the level of such risks from Vietnam’s economic dependency on China.
Design/methodology/approach
I apply descriptive analysis to identify asymmetrical dependency in Vietnam–China economic relations and propose a geoeconomic risk assessment framework to evaluate risk levels in bilateral economic linkages.
Findings
The proposed geoeconomic risk framework assesses risk levels, which are positively influenced by the degree of asymmetrical relations (vulnerabilities), the net impacts on the receiving economy (impacts) and the sending state’s ability to control economic tools (threats). In contrast, risk levels are negatively affected by the effectiveness of existing mitigation efforts. The framework employs ordinal likelihood scales to rank various risk levels. In the context of Vietnam–China relations, market access for agricultural products and control of the Mekong water emerge as the most risky areas for economic coercion, followed by Chinese official development finance in infrastructure and critical input imports. On the other hand, debt dependency and foreign direct investment in the energy sector are considered more secure areas—less likely targets for economic coercion. Hence, risk mitigation strategies should prioritize reducing asymmetry in vulnerable dependence areas while maintaining current practices in more secure areas.
Originality/value
Methodologically, it introduces a new approach for assessing bilateral geoeconomic risk. Empirically, it provides Vietnam’s policymakers with a comprehensive evaluation of the implications of economic interdependence with China.
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