BOOK REVIEW Performance of Financial Institutions Efficiency Innovation Regulation By Patrick T Harker and Stavros A Zenios
BOOK REVIEW: Performance of Financial Institutions: Efficiency, Innovation, Regulation
It is rare for a financial text to be written by a Cypriot author yet one of the authors (Stavros A. Zenios) is a Professor at the University of Cyprus.
The aim of the book is to examine whether financial intermediaries operate efficiently on a worldwide basis. Due to the fact that the book is written by two academics, it is a well-researched book with many real life examples involving financial institutions in various countries.
The book is dividend into various sections such as: What drives the performance of financial institutions; Drivers of performance: Identification, Specification & Measurement; Environmental drivers of performance and finally, performance and risk management.
Though the book is well written it is more geared towards persons involved in research in the financial management sector rather than your ordinary layman. Nevertheless there are many useful aspects to this book. I personally found the chapter on “What Makes a Bank Efficient?” very useful and there are other aspects to the book that provide useful data to relevant parties involved in the financial services industry.
Overall I believe the text is useful for students carrying out an MBA on finance since it provides useful data on the efficiency of financial institutions. I also believe the financial services organisations should certainly include this book in their libraries and take note of its contents.
Andy George is a qualified chartered accountant who was born in Birmingham, England and who has had many years’ experience in public practice, industry, and commerce and as a lecturer. Since 1991 he has been based in the island of Cyprus. Andy was a financial correspondent for eight years at the Cyprus Financial Mirror where he wrote articles on business and accounting related issues to a non-technical audience.
He is the author of eBooks: How to write and Publish Your Own With a Shoestring Budget http://www.budgetebook.com
CBMall
Previous Articles Highlighter:
Virtual Assistance Higher Productivity (1)
By using any of the communication devices available today (ie. phone, fax, email, etc), projects can be accomplished without ever having to meet face to face. And, with the growing ease of the Internet, finding a VA almost anywhere in the world is quite simple to accomplish as well.
The Art Of Being Specific Encourages Focus (2)
Fortunately, I had the help and advice of my parents, siblings, and spouse. I wanted Rothline Entertainment to start out big; offering video games, movies on DVD, card and board games, and anything remotely related to entertainment.
5 Things You Must Do To Fail In Business (3)
Price is not the only factor when it comes to making an online purchase. Actually, pricing a product at the right price is an art form. The right price is more important than the lowest price.5 Never forgive yourself for failing.
Why And How To Work With A Consultant (4)
Also allow for any costs associated with materials, transportation, or other expenses that a consultant may need to pass on to you. Clarify how expenses will be handled.Clarify the timeline for the project.
Tips For FirstTime Homebuyers (5)
For example, the ability to skip a payment or suspend payments for a few months can help you manage your monthly cash flow in an unexpected emergency.View your home as an investment.
9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan (6)
This will act as reassurance for the lender. If you’re not prepared to put up some aspect of security, then why should they?5. You will need to include your business plan which will serve to answer essential questions relating to management capabilities, information about the market you operate in.
High Interest Rate Auto Loans (7)
RECOMMENDED PLAN OF ACTION: So, Geraldine, here's what I recommend you do: 1. Go back to our website, and explore the credit card offers we’ve recommended. We’ve picked out what we think are the best offers, and there are a LOT of them, so think of it as a much needed shopping trip!
Are You Set Up For Success (8)
Goals should be reachable. If you set unrealistic goals, then don’t meet them you are setting yourself up for failure. You need to set short and long term goals.
Show Your Prospects How Much Enthusiasm You Have For Your Product And Business (9)
If you're convincing enough, they will be enthusiastic too.2. End your sales letter or ad copy with a strong closing. It could be a free bonus, a discount price, a benefit reminder, an ordering deadline, etc.3.
Internet Provides Wealth Of Information On Car Maintenance By ARA Content (10)
Courtesy ARA Content, www.ARAcontent.com; e-mail: info@ARAcontent.com EDITOR'S NOTE: Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of more than $40 billion.
Business Partners Marital Partners Will The Marriage Survive Part 2 (11)
Chuck and Sue are active both locally and nationally.They are the authors of "Who Makes It Happen, We Do: Back On The Road To Success With Creative Real Estate", and "The Anatomy Of The Deal Series: The Co-Operative Strategy: How You Can Generate Quick Cash Flow In The Creative Real Estate Niche Of Lease Purchasing" and "The Anatomy Of The Deal: Consulting Your Way To A Six Figure Income In Creative Real Estate".
Why Choose A Secured Loan (12)
Lenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan. Secured loans are also worth considering if you need a new car, or need to make home improvements, or take that luxury holiday of a lifetime.Because a secured loan is secured on property, most lenders will approve your loan even if you have a history of adverse credit such as county court judgements (C.C.J’s), defaults and arrears.This make secured loans very attractive to people who would otherwise not qualify for a loan from their local bank.
Avoiding Credit Card Traps (13)
However, don’t be surprised when you get hit with an “over limit fee”, usually around $35.00 or higher, on your next statement. Also, be prepared for your APR to be increased if you go over your credit limit.You’ll also trigger an increase to your interest rate if you miss your payment due date.
3 Tips For A Great Summer Developing Life Business While Having A Blast (14)
Knowledge in a certain area? Prospect follow-up? Choose where to begin to fill the gap. In addition, make a list of what you would like to do this summer to enjoy your family and enjoy your life.
How To Write A Business Plan In Five Steps (15)
Determine what you are able to do to capitalize on the S and O and minimize the W and T.Steps one and two may have changed somewhat your "sure winner" feelings - which is good.
Brand Your Consulting Brilliance (16)
Tout your firm's successful track record of accomplishment in working with companies like theirs. Build and sustain credibility with clients by strengthening your client relationships, developing a client retention strategy, demonstrating that you value your new clients, and going the extra mile for them.
Are You Too Busy For Your Kids (17)
You can have more work/life balance if you really want to. All it takes are a few changes to the way you currently operate your life. Remember, nothing changes, if nothing changes.Lorraine specialises in working with businesspeople showing them how to dramatically boost their productivity, reduce the stress and the mess in their lives and have more time for enjoying their life.lorraine@office-organiser.com.au
Getting Software Developed For Your Business (18)
Experienced software developers, though, are confident in their ability to deliver code under their estimate, they are confident in their ability to provide value, and they that they can provide value that's worth MORE than their time is.
Build Don’t Blow Your Annual Bonus (19)
This article is not applicable in Quebec.- News CanadaNews Canada provides a wide selection of current, ready-to-use copyright free news stories and ideas for Television, Print, Radio, and the Web.
Small Business Ideas Your Image Can Lose You Business (20)
Whether that's true or not, doesn't matter because that's the perception I got about the company.What Image Do You and Your People Portray?Image is very important. We judge people on the way they look and behave.
Newer Articles Highlighter:
Never Get Lost Again - Map Reading Is A Thing Of The Past By Niall Kennedy (1)
I spent as much time parked and reading maps than I did driving.Then I bought a RoadMate and within hours I felt I would never get lost again. The RoadMate works right out the box, no complicated set-up and no downloading information - perfect for a technophobe like me!Now I don't waste time scribbling instructions.
Where Is Our Largest Technological Plan (2)
The White House Technology Advisor worked in the mankind largest plan until now, to install a fantastic communications and IT network of 100 Mb/s in 100 million houses in the next 10 years.
What Is A Secured Loan (3)
A secured loan will enable you to get your hands on money that would otherwise take a long time to save up, allowing you the freedom to spend it on whatever you want.
What 8 (4)
If this figure is positive, you have working capital available. This working capital may exist as inventory, accounts receivable, or cash on hand. Working capital management is a critical management issue for growing businesses or medical practices.
How To Change Your Car39s Motor Oil By Stephen Bucaro (5)
- The GM dual-overhead-cam EcoTec engine has an unusual oil filter located on top of the engine. Remove the engine air intake hose. That's the oil filter canister just to the right of, and below, the end of the open air intake tube.
Multiple Channels Multiple Times (6)
As a result, the information is accessible to only a small proportion of the whole group.How do you deal with this kind of communication challenge? Multiple channels, multiple times.
The Best Things In Life Are Rarely Things (7)
. . Keep smilin’You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated - send to: GregReid@AlwaysGood.comAbout The AuthorGregory Scott ReidGregReid@AlwaysGood.comSpeaker and two-time #1 best-selling author,The Millionaire Mentor and Wake Up: Live the Life You Lovewww.AlwaysGood.comGregReid@AlwaysGood.com
Drivers Of SUVs Saving Big Money With Diesel Engines By ARA Content (8)
"Diesel engines produce more power than gasoline engines because diesel fuel itself has more energy. And today's diesel engines are electronically controlled to boost performance and fuel efficiency." However, the study found that despite diesel's known benefits, many Americans are resistant because they still have a negative perception of these engines, recalling the noisy and odorous diesel engines of the '70s.
Bankruptcy Basics (9)
You will have to pay about $160.00 in court fees. Attorney fees are additional.Chapter 7 bankruptcy involves the liquidation of all your assets that are not exempt from the bankruptcy settlement.
Retreads The Highest And Best Use For A Worn Tire By ARA Content (10)
Retreadable casings should always be directed to the retread market," says John Serumgard of the Scrap Tire Management Council For more information about the environmental and economic benefits of retreaded tires, visit www.retread.org, or contact the Tire Retread Information Bureau toll free at (888) 473-8732, or by e-mail: info@retread.org.
South Beach Diet Effects On Sales (11)
The owners of many businesses have taken measures to adapt their range of products to the needs of the market, offering low-carb versions of their products.Some pizza owners have introduced into their menus the low-carb pizza, inventing new dough recipes: Donatos Pizzeria from Columbus, Ohio makes a pizza dough of soy protein and other ingredients and it is said to be very tasty too.
After The Sale By Kevin Schappell (12)
There is nothing worse than getting a flat tire in a new car and having to struggle to change it the first time. Accessorize! It's your car and it should make a statement about you.
Smart Choices How To Hire The Best (13)
Ask focused questions and then listen carefully. Take notes.Go with your gut. . If you did your homework - that is, determined the key job requirements and asked questions that would ascertain the skills required - the hiring decision should be a natural next step.
Your Administration TeamLook After Them (14)
Although her boss was pleasant enough, he just didn't understand that there is more to working with someone than just paying their wages.The Final WordWhen employing staff make sure they are the right fit.
Writing One Or Two Line Ads (15)
Think about what 1 or 2 lines would peak Your curosity. Send me an ad about your product or service (1-2 lines) that will make me click on your web site, or your affiliate web site.
Are Mortgages A Risky Business (16)
A great number of people went to the bank to withdraw their savings. Those that represented the first few % of the total deposit had no problem. When the percentage rose to 6%, which in this case was the amount decided by “the owner of the box”, the rumour became fact in that there was no cash to pay out to depositors.
The 8 Biggest Mistakes When Designing Portfolios And How To Avoid Them (17)
To properly diversify, you should hold sufficient quantities of not-too-similar securities with comparable risk and return trade-off profiles. Consider broad-based index funds for a quick and easy solution.7. MISJUDGING THE IMPACT TAXES HAVE ON NET RETURN.
New Energy Bill Reducing Our Dependence On Foreign Oil (18)
economy added a mere 32,000 to the non-farm payrolls, the lowest monthly addition this year. The rate of employment growth is slowing as business confidence appears to be undermined by rising oil prices.
Your Worst Enemy To Successful Investing The Media (19)
At that point, it loses its direction and the very thing that made it strong is sacrificed. And guess what happens to the performance? So, in the midst of all the hawking and hype for this fund or that, what's an investor to do to make intelligent choices?
Networking Tips Getting An 8 (20)
Be sure to determine that the individual you want to use as a referral is a good source for your customer base. Remember to contact a customer after giving a referral to insure that they received the information/product they needed and were satisfied, and if not ask why.