Expert political risk opinions and banking system returns: a revised banking market model
Human behaviour in banking and financial systems is in part made up of a complex mix of political, social and cultural factors. These factors are reflected in expert opinion based political risk scores. Market inefficiency is largely a result of anomalies in human behaviour causing information asymm...
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| Format: | Conference Paper |
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Sonsoz Matbaacilik LTD. STI.
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/15227 |
| _version_ | 1848748836833460224 |
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| author | Simpson, John |
| author2 | Prof. Dr. Mehmet Baha Karan |
| author_facet | Prof. Dr. Mehmet Baha Karan Simpson, John |
| author_sort | Simpson, John |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Human behaviour in banking and financial systems is in part made up of a complex mix of political, social and cultural factors. These factors are reflected in expert opinion based political risk scores. Market inefficiency is largely a result of anomalies in human behaviour causing information asymmetries. A basic systemic market model is re-specified into a model for international banking systems, which controls for pure political risk. Samples of developed and developing banking systems are examined. Political risk factors and world banking returns are exogenous in models of country-banking system returns. New political information assists in explaining banking system stock returns. The findings should be of interest to investors in banking stocks. Banking regulators may be assisted in decisions on appropriate levels of regulatory capital as a benchmark for banking systems. The model could help to anticipate financial crises. |
| first_indexed | 2025-11-14T07:11:23Z |
| format | Conference Paper |
| id | curtin-20.500.11937-15227 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:11:23Z |
| publishDate | 2008 |
| publisher | Sonsoz Matbaacilik LTD. STI. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-152272022-11-21T06:47:04Z Expert political risk opinions and banking system returns: a revised banking market model Simpson, John Prof. Dr. Mehmet Baha Karan Dr. Ozgur Arslan and risk scores Political risk exogeneity international banking market model Human behaviour in banking and financial systems is in part made up of a complex mix of political, social and cultural factors. These factors are reflected in expert opinion based political risk scores. Market inefficiency is largely a result of anomalies in human behaviour causing information asymmetries. A basic systemic market model is re-specified into a model for international banking systems, which controls for pure political risk. Samples of developed and developing banking systems are examined. Political risk factors and world banking returns are exogenous in models of country-banking system returns. New political information assists in explaining banking system stock returns. The findings should be of interest to investors in banking stocks. Banking regulators may be assisted in decisions on appropriate levels of regulatory capital as a benchmark for banking systems. The model could help to anticipate financial crises. 2008 Conference Paper http://hdl.handle.net/20.500.11937/15227 Sonsoz Matbaacilik LTD. STI. restricted |
| spellingShingle | and risk scores Political risk exogeneity international banking market model Simpson, John Expert political risk opinions and banking system returns: a revised banking market model |
| title | Expert political risk opinions and banking system returns: a revised banking market model |
| title_full | Expert political risk opinions and banking system returns: a revised banking market model |
| title_fullStr | Expert political risk opinions and banking system returns: a revised banking market model |
| title_full_unstemmed | Expert political risk opinions and banking system returns: a revised banking market model |
| title_short | Expert political risk opinions and banking system returns: a revised banking market model |
| title_sort | expert political risk opinions and banking system returns: a revised banking market model |
| topic | and risk scores Political risk exogeneity international banking market model |
| url | http://hdl.handle.net/20.500.11937/15227 |