Bank Privatization And Performance

Author : Thorsten Beck,Robert J. Cull,Afeikhena Jerome
Publisher : World Bank Publications
Page : 37 pages
File Size : 46,5 Mb
Release : 2005
Category : Banks and banking
ISBN : 9780050302125

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Bank Privatization and Performance by Thorsten Beck,Robert J. Cull,Afeikhena Jerome Pdf

"Beck, Cull, and Jerome assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990--2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors' results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to study the effects of bank privatization in developing countries"--World Bank web site.

Author : Thorsten Beck,Robert Cull,Afeikhena Jerome
Publisher : Unknown
Page : 128 pages
File Size : 48,7 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931674269

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Bank Privatization and Performance by Thorsten Beck,Robert Cull,Afeikhena Jerome Pdf

The authors assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990-2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors' results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance.

Author : Anonim
Publisher : World Bank Publications
Page : 43 pages
File Size : 55,5 Mb
Release : 2005
Category : Banks and banking
ISBN : 8210379456XXX

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Corporate Governance and Bank Performance by Anonim Pdf

Abstract: "The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude some indicators) support this argument. Using data from Argentina in the 1990s, their strongest and most robust results concern state ownership. State-owned banks have poor long-term performance (static effect), those undergoing privatization had particularly poor performance beforehand (selection effect), and these banks dramatically improved following privatization (dynamic effect. However, much of the measured improvement is likely due to placing nonperforming loans into residual entities, leaving "good" privatized banks."--World Bank web site.

Author : George R.G. Clarke
Publisher : World Bank Publications
Page : 46 pages
File Size : 44,8 Mb
Release : 2007
Category : Access to Finance
ISBN : 8210379456XXX

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bank privatization in sub- saharan africa by George R.G. Clarke Pdf

Abstract: Previous empirical analyses have found that bank privatizations are more successful when the government fully relinquishes control, when the bank is privatized to a strategic investor, and when foreign-owned banks are allowed to participate in the bidding. The privatization of Uganda Commercial Bank (UCB) to the South African bank Stanbic met all these criteria, suggesting that it is a likely candidate for success. But other features suggest reasons for caution: UCB dominated the Ugandan banking sector prior to privatization and the institutional environment in Uganda was less favorable than in many of the middle-income countries looked at in earlier empirical studies. Despite these concerns, the privatization appears to have been relatively successful. The portfolio of the privatized bank, which was cleaned prior to sale, remains relatively strong and profitability and credit growth are now on par with other Ugandan banks. Though market segmentation remains a concern since Stanbic faces little or no direct competition in many remote areas, some early results suggest that access to credit has improved for some hard-to-serve groups.

Author : John Bonin,Iftekhar Hasan,Paul Wachtel
Publisher : Unknown
Page : 44 pages
File Size : 52,8 Mb
Release : 2004
Category : Banks and banking
ISBN : UTEXAS:059173031643917

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Privatization Matters by John Bonin,Iftekhar Hasan,Paul Wachtel Pdf

Tiivistelmä.

Author : Sunita Kikeri,Aishetu Kolo
Publisher : World Bank Publications
Page : 31 pages
File Size : 44,6 Mb
Release : 2005
Category : Privatizacion - Paises en desarrollo
ISBN : 8210379456XXX

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Privatization by Sunita Kikeri,Aishetu Kolo Pdf

"This paper takes stock of recent privatization trends, examines the extent to which government ownership is still prevalent in developing countries, and summarizes emerging issues for state enterprise reform going forward. Between 1990 and 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised $410 billion in privatization revenues. Privatization activity peaked in 1997 and dropped off in the late 1990s and, while still at overall low levels, is slowly creeping back. While there are a large number of studies assessing the impact of privatization on enterprise performance and overall welfare, there are no systematic data on the extent to which privatization has changed the role of state enterprises in the economy. Anecdotal evidence suggests that the state's role has been substantially reduced in Eastern and Central Europe and in certain countries in Latin America. But available evidence also suggests that, despite a long track record of privatization, government ownership in state enterprises is still widely prevalent in some regions and countries, and in certain sectors in virtually all regions. The paper shows that the costs of not reforming state enterprises are high and that continued efforts need to be made to improve their performance by improving privatization policies and institutions; adopting more of a case-by-case approach for complex sectors and countries; and exposing state enterprises to market discipline through new private entry and exit of unviable firms and improvements in their corporate governance. "--World Bank web site.

Author : Gerard Caprio,Jonathan L. Fiechter,Robert E. Litan
Publisher : Rowman & Littlefield
Page : 396 pages
File Size : 53,8 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 9780815717065

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The Future of State-Owned Financial Institutions by Gerard Caprio,Jonathan L. Fiechter,Robert E. Litan Pdf

Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development, less efficient financial systems, less private sector credit, and slower GDP growth. Yet more than 40 percent of the world's population live in countries in which public sector institutions dominate the banking system. In The Role of State-Owned Financial Institutions: Policy and Practice noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and banking regulators. The issues include: methods for effectively managing, reforming, and privatizing state-owned banks; the fiscal costs and contingent liabilities of state-owned banks; macroeconomic implications and the impact of state-owned banking on access to credit in an economy; guidance for effective supervision of state-owned banks; managerial perspectives on improving products, human resources, and risk; management case studies of different methods of privatization, such as initial public offerings, employee stock ownership plans, and strategic investors Contributors include David Binns (Beyster Institute), Robert Cull (World Bank), Ron Gilbert (ESOP Services), James A. Hanson (World Bank), Richard Hemming (International Monetary Fund), Fred Huibers (ING Research), Arminio Fraga (formerly Central Bank of Brazil), Nicholas Lardy (Institute for International Economics), David Marston (International Monetary Fund), Moody's Global Investor Service, Herman Mulder (ABN-Amro), William Nichol (Deutsche Bank AG), Urjit Patel (Infrastructure Development Finance Company, India), and P. S. Srinivas (World Bank).

Author : Allen N. Berger,George R. G. Clarke,Robert Cull
Publisher : Unknown
Page : 128 pages
File Size : 50,5 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931674627

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Corporate Governance and Bank Performance by Allen N. Berger,George R. G. Clarke,Robert Cull Pdf

The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude some indicators) support this argument. Using data from Argentina in the 1990s, their strongest and most robust results concern state ownership. State-owned banks have poor long-term performance (static effect), those undergoing privatization had particularly poor performance beforehand (selection effect), and these banks dramatically improved following privatization (dynamic effect. However, much of the measured improvement is likely due to placing nonperforming loans into residual entities, leaving "good" privatized banks.

Author : I. A. Ayua,B. Owasanoye
Publisher : Unknown
Page : 130 pages
File Size : 52,8 Mb
Release : 1996
Category : Banks and banking
ISBN : IND:30000056180148

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Privatisation of Government Owned Banks and the Issue of Ownership and Control by I. A. Ayua,B. Owasanoye Pdf

Author : John R. Nellis,Mary M. Shirley
Publisher : World Bank Publications
Page : 100 pages
File Size : 45,5 Mb
Release : 1992-01-01
Category : Business & Economics
ISBN : 0821321811

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Privatization by John R. Nellis,Mary M. Shirley Pdf

Governance, as defined by the World Bank in its 1992 report, Governance and Development, is the manner in which power is exercised in the management of a country's economic and social resources for development. The report deemed it is within the Bank's mandate to focus on the following: -the process by which authority is exercised in the management of a country's economic and social resources -the capacity of governments to design, formulate, and implement policies and discharge functions. Also available: Governance: The World Bank's Experience (ISBN 0-8213-2804-2) Stock No. 12804.

Author : George R. G. Clarke,Robert Cull,Michael Fuchs
Publisher : Unknown
Page : 128 pages
File Size : 41,9 Mb
Release : 2009
Category : Electronic
ISBN : OCLC:1030874061

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Bank Privatization in Sub-Saharan Africa by George R. G. Clarke,Robert Cull,Michael Fuchs Pdf

Because large state-owned banks are often the only financial service providers in remote areas of low-income countries, policymakers worry that even if privatization improves performance, it might reduce access. We study this issue through a case study: the privatization of Uganda Commercial Bank (UCB) to the South African bank Stanbic. Though market segmentation remains a concern since Stanbic faces little or no direct competition in many remote areas, some innovative aspects of the sales agreement have enabled the bank to improve its profitability while maintaining, or even improving, access to financial services for some hard-to-serve groups.

Author : Sunita Kikeri,John R. Nellis
Publisher : World Bank Publications
Page : 60 pages
File Size : 49,5 Mb
Release : 2002
Category : Privatizacion
ISBN : 8210379456XXX

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Privatization in Competitive Sectors by Sunita Kikeri,John R. Nellis Pdf

Author : Ioannis Nicolaos Kessides
Publisher : World Bank Publications
Page : 328 pages
File Size : 47,8 Mb
Release : 2004
Category : Business & Economics
ISBN : NWU:35556035569946

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Reforming Infrastructure by Ioannis Nicolaos Kessides Pdf

Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

Author : Robert Cull,Mr.Maria Soledad Martinez Peria,Jeanne Verrier
Publisher : International Monetary Fund
Page : 49 pages
File Size : 42,8 Mb
Release : 2017-03-22
Category : Business & Economics
ISBN : 9781475588125

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Bank Ownership by Robert Cull,Mr.Maria Soledad Martinez Peria,Jeanne Verrier Pdf

This paper presents recent trends in bank ownership across countries and summarizes the evidence regarding the implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The evidence reviewed suggests that foreign-owned banks are more efficient than domestic banks in developing countries, promote competition in host banking sectors, and help stabilize credit when host countries face idiosyncratic shocks. But there are tradeoffs, since foreign-owned banks can transmit external shocks and might not always expand access to credit. The record on the impact of government bank ownership suggests few benefits, especially for developing countries.

Author : Ahmed Galal,Mary M. Shirley
Publisher : World Bank Publications
Page : 144 pages
File Size : 52,8 Mb
Release : 1994
Category : Business & Economics
ISBN : 0821325892

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Does Privatization Deliver? by Ahmed Galal,Mary M. Shirley Pdf

Examines whether Africa's disappointing economic performance reflects a failure to undertake structural adjustment reforms or a failure of those reforms to boost growth. Covers 29 African countries that underwent adjustment in the late 1980s. To reverse the economic decline that began in the 1970s, many Sub-Saharan countries initiated programs to pave the way for long-term development and prosperity by restructuring their economies. This report addresses just how much those countries undertaking reform actually changed their policies, the extent to which their policy reforms restored growth, and the future for adjustment. The report recognizes that adjustment can work in Africa but that it cannot work miracles in reducing poverty or ensuring sustained, equitable growth. African adjustment programs must go hand in hand with long-term development efforts to invest more in human capital and infrastructure, expand institutional capacity, and provide better governance.