There is fierce global competition within the banking industry.Therefore,banks endeavor to grow and strive to increase their market share.We analyzed the effect of developing innovative channels of presenting bank ser...There is fierce global competition within the banking industry.Therefore,banks endeavor to grow and strive to increase their market share.We analyzed the effect of developing innovative channels of presenting bank services on banks’market share.The statistical population of this research was Shahr bank’s central headquarter and its branches in Tehran,Iran.We developed questionnaires for gathering the data.The validity and reliability of the scales were tested by EFA,CFA,experts’opinion,and Cronbach’s alpha.We used linear regression to assess the impact of innovative channels,including internet banking,automatic teller machines(ATMs),mobile banking,telephone banking(TB),and point of sales(POS)on banks’market share.The results indicated that some of these channels,including internet banking,POS,and TB,positively affect a bank’s market share.The effect of two other platforms,including mobile banking and ATM development,on banks’market share was rejected.The findings of this study expand our understanding of how bank managers can improve their market share by developing innovative e-banking channels.展开更多
This paper examines presence of some stylized facts of short-term stock prices in the banking sector of the Nigerian Stock Market (NSM). Non-normality, lack of autocorrelation in the returns at first lag and significa...This paper examines presence of some stylized facts of short-term stock prices in the banking sector of the Nigerian Stock Market (NSM). Non-normality, lack of autocorrelation in the returns at first lag and significant positive autocorrelation in higher magnitude returns, widely studied in other markets, are investigated using daily closing stock prices of the four major Nigerian banks (Access, First, Guaranty Trust and United Bank for Africa (UBA)), from 2001 to 2013;encompassing periods of different financial scenarios. Jarque-Bera (JB), Doonik-Hansen, Kolmogrov-Smirnov and Ljung-Box (Q) test statistics are applied. Our findings reveal that the four banks stocks behave slightly different, but generally possess the stylized facts found in other markets. Observed is that, while the distributions of the returns for two of these banks (First and UBA) are approximately symmetric and leptokurtic;those of Access and Guaranty Trust banks are significantly non-symmetric and leptokurtic, thus non-normally distributed. Also established is that, while autocorrelation functions of daily returns are either negative or zero, those of both absolute returns and the squared returns are mostly positive. The autocorrelations of absolute returns are found to be predominantly positive and more persistent than those of the squared returns;indicating volatility clustering. Consequently, we conclude that the short-term stock prices of these banks behave like those of other markets. Some implications of the results for financial investment and stock market behaviour in the banking sector of NSM are discussed.展开更多
文摘There is fierce global competition within the banking industry.Therefore,banks endeavor to grow and strive to increase their market share.We analyzed the effect of developing innovative channels of presenting bank services on banks’market share.The statistical population of this research was Shahr bank’s central headquarter and its branches in Tehran,Iran.We developed questionnaires for gathering the data.The validity and reliability of the scales were tested by EFA,CFA,experts’opinion,and Cronbach’s alpha.We used linear regression to assess the impact of innovative channels,including internet banking,automatic teller machines(ATMs),mobile banking,telephone banking(TB),and point of sales(POS)on banks’market share.The results indicated that some of these channels,including internet banking,POS,and TB,positively affect a bank’s market share.The effect of two other platforms,including mobile banking and ATM development,on banks’market share was rejected.The findings of this study expand our understanding of how bank managers can improve their market share by developing innovative e-banking channels.
文摘This paper examines presence of some stylized facts of short-term stock prices in the banking sector of the Nigerian Stock Market (NSM). Non-normality, lack of autocorrelation in the returns at first lag and significant positive autocorrelation in higher magnitude returns, widely studied in other markets, are investigated using daily closing stock prices of the four major Nigerian banks (Access, First, Guaranty Trust and United Bank for Africa (UBA)), from 2001 to 2013;encompassing periods of different financial scenarios. Jarque-Bera (JB), Doonik-Hansen, Kolmogrov-Smirnov and Ljung-Box (Q) test statistics are applied. Our findings reveal that the four banks stocks behave slightly different, but generally possess the stylized facts found in other markets. Observed is that, while the distributions of the returns for two of these banks (First and UBA) are approximately symmetric and leptokurtic;those of Access and Guaranty Trust banks are significantly non-symmetric and leptokurtic, thus non-normally distributed. Also established is that, while autocorrelation functions of daily returns are either negative or zero, those of both absolute returns and the squared returns are mostly positive. The autocorrelations of absolute returns are found to be predominantly positive and more persistent than those of the squared returns;indicating volatility clustering. Consequently, we conclude that the short-term stock prices of these banks behave like those of other markets. Some implications of the results for financial investment and stock market behaviour in the banking sector of NSM are discussed.
