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An Empirical Analysis of Growth and Consolidation in Banking: A Markovian Approach for the case of Russia
International Journal of Computational Economics and Econometrics. 2014. Vol. 4. No. 1/5. P. 112-129.
Penikas H. I., Anastasia Petrova
This paper represents an empirical examination of the process of banks' growth in Russia during 2004-2010 years. A Stochastic process of growth is modeled by Markov chain theory. Elements in the transition matrices of Markov Chain are the transition probabilities that provide a plausible estimate of how the banking system structure changes from one period to another. markov chain stationarity check revealed three homogeneous periods. Given adequate robustness proof forecasting for 1, 3, and 10 years ahead was done. it is argues number of banks is expected to decrease mostly two times whereas total assets are envisaged to grow more than 2.5 times, but return on assets is unlikely to increase more than by 12% in 10 years by 2020.
Алексашин П. Г., Aleskerov F. T., Belousova V. et al., / Высшая школа экономики. Серия WP7 "Математические методы анализа решений в экономике, бизнесе и политике". 2012. № 03.
We present a complex analysis of business models for large, medium and small Russian commercial banks from 2006 to 2009. The Russian banks are grouped based on homogeneity criteria of their financial and operational outcomes. The banks’ structure of assets and liabilities, profitability and liquidity ratio are taken into account. The results show how the ...
Added: October 2, 2012
Balkovskaya D., Stulova N., International Journal of Business and Social Science 2012 Vol. 3 No. 1 P. 59-65
The process of the IPO of banks in Russia is its infancy but the rapid growth is forecasted. This context raises the issue of the factors determining the floated banks stock value. The results of the research on 2007-2009 Russian data showed that the bank stock price is dependent on the macroeconomic indicators (such as ...
Added: September 29, 2012
Peresetsky A., / University Library of Munich, Germany. Series "MPRA Paper". 2011. No. 41507.
The binary and multinomial logit models are applied for prediction of the Russian banks defaults (license withdrawals) using data from bank balance sheets and macroeconomic indicators. Significantly different models correspond to the two main grounds for license withdrawal: financial insolvency and money laundering. Analysis of data for the period 2005.2–2008.4 for accurate prediction of a ...
Added: March 16, 2013
Penikas H. I., Model Assisted Statistics and Applications 2020 Vol. 15 P. 371-388
The Basel Committee on Banking Supervision finalized the Basel III accord in the December 2017 and launched the set of its standards – the Basel Framework – in December 2019. Both documents allow bank to use mathematical models for the credit risk estimation. There are quantitative and qualitative requirements for models to be allowed for ...
Added: January 6, 2021
Dalal A., Банковское дело 2016 № 5 С. 20-23
This paper deals with the phenomena of sukuk bonds rapid growth, Islamic securities, which stand out for their asset-based nature. The absence of optimal pricing strategies leads to refinement of the Islamic financing structures. Sukuk payment schemes, benefits and limitations of various types of Islamic bonds and their implication as a source of long-term funding ...
Added: October 8, 2018
Irina Andrievskaya, Semenova M., / Bank of Finland Institute for Economies in Transition. Series DP "BOFIT Discussion Papers". 2013. No. 29/2013.
The interbank market plays an important role in the overall function of the financial system. The efficiency of the interbank market, in turn, depends largely on its inherent disciplining mechanisms. This paper investigates the discipline mechanisms of Russia’s interbank market, testing the hypothesis that market discipline in Russia was strong enough to constrain excessive risk-taking ...
Added: November 17, 2013
Portanskiy A., Деньги и кредит 2014 № 10 С. 8-10
Can Anti-Russian sanctions achieve its goal, i.e. have an impact on Russian autorities political position? Ther are different opinions over this question. Russian people do not believe it could be realistic. Nevertheless, Russian economy remains vulnerable. ...
Added: January 26, 2015
Никитин Л. Л., Вопросы статистики 2010 № 10 С. 40-47
For the development of technological innovations it is essential to ensure competent and modern commercialization within the framework of balanced business models. Multifactor cluster analysis of business models of contemporary high-technology companies and industries shows that the most effective commercialization emanate in the framework of four basic models. Company's profitability does not depend directly on ...
Added: October 5, 2012
Vernikov A. V., Eurasian Geography and Economics 2012 Vol. 53 No. 2 P. 250-266
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by ...
Added: May 15, 2012
Mirkin B., / Высшая школа экономики. Серия WP7 "Математические методы анализа решений в экономике, бизнесе и политике". 2011. № 03.
В работе приведен обзор методов кластер-анализа, накопленных в литературе за 50 лет их активной разработки. При этом вместо обзора публикаций, которых имеются многие тысячи с самыми разнообразными алгоритмами и приложениями, в работе систематизированы задачи – по видам данных, видам кластерных структур, видам критериев и методов. Число подробно рассматриваемых методов относительно невелико. Зато большинство из них ...
Added: December 25, 2012
Stepanova A. N., Izabella G. Kazaryan, Journal of Corporate Finance Research 2017 Vol. 11 No. 4 P. 11-35
In this article, we consider the relation between capital structure, corporate governance, ownership structure and performance of a company depending on its life cycle stages. The central aim of this study is to define the most sustainable and effective types of financial architecture by using the cluster and regression analysis. This study describes the three ...
Added: January 31, 2018
Golichenko O. G., Балычева Ю., Инновации 2012 № 2 С. 19-28
In the paper the models that typically present innovative behaviour are determined on the basis of analysis of dynamics of innovation processes. The objects of the investigation are regions which are subjects of the Russian Federation or countries of the European Union. The influence of such characteristics of environment as well-being and human resources in ...
Added: December 17, 2012
Borzykh O., Вопросы экономики 2017 № 7 С. 62-78
The new Basel III rules of macroprudential regulation were introduced for the Russian banking sector in year 2014. This article analyzes a previously unexamined for Russia impact of capital adequacy ratio on the effectiveness of bank lending channel. It is shown that when banks satisfy capital regulation rules this has a direct influence on this ...
Added: May 18, 2017
Nazarova V., Проблемы теории и практики управления 2015 № 11 С. 52-65
The paper presents cluster efficiency concept that is defined by the author. The main principles of cluster efficiency assessment are specified. Based on assessment goals, there is an analysis of Russian and foreign performance evaluation methods. With the foundation of the whole analysis, a set of methods is delineated in the conclusive part. The methods ...
Added: February 24, 2016
Popovskaya E. V., Вопросы статистики 2007 № 8 С. 20-29
Проведен анализ системы показателей, формируемых государственной статистикой, системы организации сбора и обработки информации, что позволило оценить возможности статистики, выявить ряд ограничений, и разработать предложения по формированию системы информации, необходимой для расчета потенциала российских предприятий по производству конкурентоспособных товаров статистики. Оценку потенциала российских предприятий по производству товаров, конкурентоспособных на внутреннем рынке, предлагается проводить методом кластерного анализа ...
Added: December 14, 2012
Zhukova L., Polyakov K. L., Polyakova M. V., Современная наука и инновации 2013 № 3 С. 75-81
Authors suggests some advices in the field of client base segmentation construction for retail profit-making organizations concerning their possible reaction on marketing campaigns. Advices are based on the results of research in one of the largest Russian retail network in the segment of mobile devices. ...
Added: February 2, 2015
Smirnov S. N., Afonina S. G., Bogatyreva E. undefined. et al., Банковское дело 2010 № 9 С. 50-55
Независимые рейтинговые агентства предоставляют информацию о кредитоспособности компаний-контрагентов. Рейтинги могут быть учтены в моделях оценки кредитного риска, в том числе для оценки вероятности дефолта. Использование этой дополнительной информации позволяет в принципе улучшить предсказательную силу моделей. При этом, однако, важно учитывать качество рейтингов - насколько хорошо они в действительности отражают кредитные риски контрагентов ...
Added: October 4, 2012
Pyle W., Schoors K., Semenova M. et al., Eurasian Geography and Economics 2012 Vol. 53 No. 2 P. 267-284
An international team of economists examines the factors influencing the behavior of Russian depositors in the immediate aftermath of that country’s 1998 financial crisis, drawing upon two largely unutilized data sources—data from the Russian state savings bank Sberbank and a November 1998 household survey. After first reviewing the evolution of the household deposit market during ...
Added: May 22, 2012
Boris Kuznetsov, Golikova V., Korotkov M. et al., Post-Communist Economies 2017 Vol. 29 No. 2 P. 139-157
The aim of this article is to conduct an empirical investigation and reveal which types of modernisation strategies and characteristics of regional institutional environment are likely to be associated with patterns of the performance of Russian manufacturing firms in 2007–2012. In addition to estimating the impact of ex-ante behaviour on the rate of sales growth, ...
Added: April 14, 2017
Abramov A., Акшенцева К. С., / РАНХиГС. Серия Нет "working papers series". 2011.
The purpose of the study -- The positioning of the Russian financial system in the world, identifying key trends and strategies for its development in the future. The paper-based methods of cluster analysis examines a group of countries and their financial systems, studied Russian model of capitalism and the financial system, its place among the ...
Added: March 25, 2014
Vernikov A. V., / UCL SSEES Centre for Comparative Economics. Series "Economics Working Paper". 2010. No. 104.
The purpose of this paper is to assess the size of public sector within the Russian banking industry. We identify and classify at least 78 state-influenced banks. We distinguish between banks that are majority-owned by federal executive authorities or Central Bank of Russia, by sub-federal (regional and municipal) authorities, by state-owned enterprises and banks, and ...
Added: September 3, 2012
Abylkalikov S., Региональная экономика: теория и практика 2015 Т. 22 № 397 С. 21-30
Importance Almost all countries have spatial heterogeneity of economic and social development of the regions, as well as demographic processes. The larger the area of the country, the differentiation is more, including the growing role of natural and geographical characteristics. A large number of regions in Russia complicate an individualized approach to address research and management ...
Added: June 19, 2015
L.E. Limonov, M.V. Nesena, Regional Research of Russia 2016 Vol. 6 No. 2 P. 144-155
The goal of the research is to identify main types of large and the largest cities of Russia taking into account particularities of their structure and economic performance. The objects of the research are Russian cities – administrative centers of regions and autonomous districts of Russian Federation, as well as other Russian cities with population ...
Added: June 10, 2016
Rodionova L., Kopnova E., Вопросы статистики 2020 Т. 27 № 1 С. 106-120
The relevance of the chosen topic is closely related to the course of the demographic policy of the state until 2024 to increase life expectancy and reduce the poverty level of the population. World experience shows that climatic conditions, living conditions, the quality of food and drinking water, alcohol consumption are important components of public ...
Added: February 15, 2020