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Your search keyword '"Agency cost"' showing total 3 results
Start Over Descriptor "Agency cost" Language russian
3 results on '"Agency cost"'

1. Loan asset indicators and commercial bank fragility in Kenya

Author

Albert Camus Onyango Bwire

Subjects
Bank fragility, Loan Assets, Credit Creation, Agency Cost, Business, HF5001-6182, Marketing. Distribution of products, HF5410-5417.5
Abstract

Purpose –to test the predictive ability of loan asset indicators on Commercial bank fragility in Kenya. Design/Method/Research approach. The study adopted positivism research philosophy with exploratory research design. The study population was 42 Commercial banks in operation on 31st December 2015. Secondary data was collected from Central Bank of Kenya and analysed using Stata Statistics/Data analysis. Generalised Linear Model was used to establish the relationship between asset indicators and bank fragility. The concept of credit creation was explored as the genesis of bank fragility. This study is part of early warning systems in detecting bank fragility. Findings. The research found a direct relationship between a lagged dependent variable, loan portfolio growth, loan deposit ratio and bank fragility. Practical implications. Recommendations are followed on the basis of this study. At first, develop a potential solution by regulators to control loan portfolio growth, cap loan deposit ratio and limit the level of non-performing loans. Banking practitioners should model monthly reporting requirements to ensure that banks are able to disclose the ratio and explain any significant changes. Secondly, since Non-performing loans can act as an incentive for bank managers to seek deposits and lend more thereby exacerbating the problem, banks with NPL to gross loans greater than an upper threshold determined by the regulator should not be allowed to attract more deposits. Thirdly, set the maximum level of loan deposit ratio to avoid expensive, sensitive and high-risk loan capital. Implementation of these recommendations will lead to secured social welfare. Originality. The study examines the role of certain loan asset indicators on bank fragility and extends the discussion in the area of early warning systems and commercial bank instability in Kenya. Research limitations/Future Research. This research contributes to the discussion on bank fragility and early warning systems. The further research should review evidence from other jurisdiction with high numbers of distressed institutions to determine how many months or years before distress the three significant variables could predict fragility. Besides, there is need for research on insider loans as defined and why there was no statistical significance. Paper type – empirical.

Published
2021

2. THE OPPORTUNISTIC BEHAVIOUR OF THE BUSINESS ENTITIES IN THE COURSE OF BANKRUPTCY PROCEDURE

Author

E. P. KOCHETKOV and E. R. OREKHANOVA

Subjects
bankruptcy commissioner, Actuarial science, HF5001-6182, agency costs, Agency cost, revaluation of assets, opportunistic behaviour, bankruptcy, Bankruptcy, conflict of interests, Business, General Economics, Econometrics and Finance, Control methods
Abstract

this article will consider the problem of the opportunistic behaviour of the business entities in the course of bankruptcy procedure. The main reasons for the opportunistic behaviour exposure by the counterparties were discussed together with the control methods proposed.

Published
2017

3. Increasing managers motivation using securities market instruments (for example Gazprombank JSC)

Subjects
long term incentive grants, повышение мотивации менеджеров, incentives for management, агент, equity based compensation, agent, финансовый инжиниринг, опционная программа, принципал, principal, корпоративные конфликты, company performance, corporate conflict, agency cost
Abstract

Целью выпускной квалификационной работы является создание проекта и рекомендаций с целью повышения мотивации менеджеров посредством использования инструментов рынка ценных бумаг, а именно акций и их деривативов. Объект исследования – инструменты рынка ценных бумаг. Предмет исследования – комбинация финансовых инструментов, призванных минимизировать корпоративные проблемы и конфликты. Обозначенная цель была достигнута посредством решения комплекса частных задач: подробно изучен теоретический базис корпоративного управления, раскрыта сущность проблемы «принципиал-агент», установлена необходимость и неизбежность агентских затрат; проанализирован опыт решения подобного рода проблем в мире и в России; изучена законодательная база Российской Федерации, выявлены нюансы налогооблажения относительно инструментов рынка ценных бумаг и составлен прогноз применения инструментов финансового инжиниринга в РФ., The aim of the final qualification work is to create a project and recommendations with the aim of increasing the motivation of managers through the use of securities market instruments, namely stocks and their derivatives. Object of study - securities market instruments. The subject of the study is a combination of financial instruments designed to minimize corporate problems and conflicts. The designated goal was achieved by solving a set of private tasks: the theoretical basis of corporate governance has been studied in detail, the essence of the “principal-agent” problem has been revealed, the necessity and inevitability of agent costs have been established; the experience of solving such problems in the world and in Russia is analyzed; studied the legislative framework of the Russian Federation, revealed the nuances of taxation in relation to securities market instruments and made a forecast for the use of financial engineering tools in the Russian Federation.

Published
2019
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