Impact of foreign ownership on market power: Do regional banks behave differently in ASEAN countries?

Yıldırım, Canan; Kasman, Adnan; Hamid, Fazelina Sahul

doi:10.1016/j.econmod.2021.105654

Cited by 11 publications

(5 citation statements)

References 69 publications

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“…The higher the integration of the stock market, the closer the correlation between capital flows and price changes among various markets. Many articles empirically studied the co-movement of stock prices across international financial markets, such as those by Gopalan et al (2023), Haini (2020), Le et al (2023), Sriyana and Afandi (2020), Yap et al (2020), andYildirim et al (2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Stock Market Linkage between China and ASEAN-6 Countries: Integration Perspective

2024

JEM

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This paper examines the integration process and time-varying characteristics of major stock markets in China and Malaysia, the Philippines, Singapore, Thailand and Vietnam). Based on the DCC-GARCH model as related to the daily stock index return data of China and the ASEAN-6, from July 2000 to December 2022, our study showed that the dynamic correlation between the stock markets of China and the ASEAN-6 was significantly enhanced during the sample period. The level of stock market integration between China and Singapore, Malaysia, and Vietnam has increased significantly, and the correlation has become more stable. In addition, the integration process shows significant time-varying characteristics; the effect of major economic events, the development of domestic financial markets, and the opening process of capital markets have a significant impact on the integration process of regional stock markets. The study made recommendations to promote China-ASEAN financial cooperation and offers a reliable theoretical basis for investment portfolio decisions. This will assist policymakers in keeping up with economic trends and taking necessary policy measures and interventions in a timely and effective manner to control stock market risks, ensuring stable and healthy economic development.

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Section: Literature Reviewmentioning

confidence: 99%

Stock Market Linkage between China and ASEAN-6 Countries: Integration Perspective

2024

JEM

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“…Specifically, it focuses on commercial banks that are listed on stock exchanges and are publicly traded. The primary objective of the HOSE is to mitigate disparities arising from bank-specific attributes, as highlighted by Yildirim et al (2021). Simultaneously, the existing research mainly concentrates on various income sources, namely income derived from interest and non-interest sources, while neglecting to investigate the numerous forms of revenue, assets, and deposits.…”

Section: (See Appendix 4 Online)mentioning

confidence: 99%

Commercial banks listed on the Ho Chi Minh City stock exchange: An analysis of diversification, human capital, and performance

Phuoc,

Nhu,

Van

2023

JFM

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Both portfolio diversification and the resource-based view theories advocate for firms to engage in the diversification of their activities to mitigate risks and enhance operational efficiency. Nevertheless, the subject at hand is a matter of contention due to the existence of a perspective that advocates for the superiority of specialization over diversification. The objective of this study is to determine the relationship between income diversification, human capital, and the financial performance of Vietnamese commercial banks. Based on an analysis of data obtained from 15 commercial banks listed on the Ho Chi Minh Stock Exchange from 2013 to 2022. Panel data regression method is used. The results indicate that diversification does not exert a significant influence on the performance of banks. However, it is seen that human capital positively impacts bank performance, suggesting a favorable relationship between human capital and bank performance. According to this result, income diversification has not had an impact on the efficiency of Vietnamese commercial banks. On the contrary, human capital is a factor that positively and strongly affects the performance of Vietnamese commercial banks. The findings of this study indicate that some management implications may be considered to enhance the operational efficiency of Vietnamese commercial banks.

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“…The variables ξ * i /ξ i are errors below or above the allowed values of -ε and + ε, respectively. The dual format of the objective function in the new structure may be represented by (5), which is solvable linearly: A linear solution of the above equation would easily determine the optimal value of the weight factor, as below:…”

Section: Fuzzy Support Vector Regressionmentioning

confidence: 99%

“…In this way, the demand and supply regulations are deployed for clearing the market and setting the price. The market price idea would provide a competitive environment in which electricity consumers can play a more active role in deciding what to buy and how much to pay [3][4][5]. Therefore, it is clear that the price of energy would be a motivating term that would increase demand if preserved low enough [6,7].…”

Section: Introductionmentioning

confidence: 99%

Management and Policy Modeling of the Market Using Artificial Intelligence

Fan

2022

Sustainability

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This paper investigates the market management and modeling based on advanced artificial intelligence. The proposed model deploys the combination of the support vector machine and fuzzy set theory to provide a practical and powerful prediction model for the market price over the next day. A realistic and effective model is then introduced to model the market players, such as the renewable energy sources of solar and wind turbines, as well as the fossil-fueled sources of micro turbines and fuel cells. In order to provide an optimal management program, it introduces a stochastic framework based on the point estimate method and adaptive grey wolf optimization algorithm (GWO). The proposed optimization methods use an adaptive strategy to choose the most fitting modification for enhancing the GWO performance. A realistic scenario is simulated to demonstrate the model’s effectiveness and impression on the real market management. The results clearly show the effectiveness of the prediction and management model. The prediction results show the superiority of the proposed model by RMSE of 2.9643 compared to the 3.217 for SVR, 3.2364 for ANN and 3.0621 for the grey model. Moreover, the optimal MAPE is 2.7453 by the proposed method, which is much better than the 3.052 by SVR, 3.1552 by ANN and 2.9285 by the grey model. From point of view of optimization, the most fitting power dispatch has been attained with the total cost of 300.8632 over 24 h.

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Impact of foreign ownership on market power: Do regional banks behave differently in ASEAN countries?

Cited by 11 publications

References 69 publications

Stock Market Linkage between China and ASEAN-6 Countries: Integration Perspective

Stock Market Linkage between China and ASEAN-6 Countries: Integration Perspective

Commercial banks listed on the Ho Chi Minh City stock exchange: An analysis of diversification, human capital, and performance

Management and Policy Modeling of the Market Using Artificial Intelligence

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