Life cycle and the adoption of consumer financial innovation: an empirical study of the adoption process

Article Abstract:

Technological change and deregulation have resulted in a radical change in the banking industry and caused significant financial innovation. The process of "adoption" helps financial service firms to decide what services can be successful and what regulatory actions will improve the effectiveness of the financial intermediary system. The article examines various new financial services and products, with the focal point being the process of adoption. The life-cycle technique for financial service use by consumers represents the framework used for the empirical analysis. It is discovered that financial services are used in a manner that supports the life-cycle technique.

Research, Economic aspects, Consumption (Economics), Deregulation

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Financial innovation, balance sheet cosmetics and market response: the case of equity-for-debt exchanges in banking

Article Abstract:

Equity-for-debt exchanges involve the retiring of a bank's outstanding debt by issuing new equity. Although banks using equity-for-debt exchange claim a resulting improvement in capital position and improved earnings, an analysis of capital markets shows that such transactions can be tied to negative abnormal returns to shareholders. The equity market realizes that such enhancement of bank figures does not constitute genuine improvement, and it is recommended that regulators carefully analyze bank methods of enhancing capital ratios.

Finance, Equity (Law)

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Valuing the core deposits of financial institutions: a statistical analysis

Article Abstract:

A technique used to estimate the intangible asset value for a depository financial institution's core deposit account base is developed and explained. The value of the core deposit base is crucial to the management of the financial institution, and knowledge of the value can be used as input data for long-term strategic planning. The technique used in the study allows accurate and inexpensive projections of value related to the core deposit account base.

Capital assets, Valuation, Intangible property, Intangible assets, Bank deposits, Assets (Accounting)

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