Browsing by Author "Masood, Omar"

Now showing 1 - 13 of 13

Citation - WoS: 6
A Discussion of Financial Regulations' Impact on the Subprime Crisis: Implications for Financial Markets
(Chaoyang Univ Technology, 2010) Omar Masood; Bora Aktan; Georges Pariente; Aktan, Bora; Pariente, Georges; Masood, Omar
The financial crisis sparked by the US subprime is now posing a serious threat to global financial markets with its severity intensifying as widening losses and a liquidity crunch push some financial institutions to the brink of failure. The US and the Western Europe seem to be falling victim to a debt spiral in which market turmoil is aggravating deterioration in the real economy. The crisis which has its roots in the closing years of the 20th century became apparent in 2007 and has exposed pervasive weaknesses in financial industry regulation and the global financial system. The subprime mortgage crisis is resulting in a sea of litigation presenting novel and significant legal problems. These issues will affect a universe of potential defendants including traditional lenders investment banks and investors. This article seeks to provide a practical understanding of how modifications to the legal and accounting regulations governing the banking value chain encouraged fragmentation and outsourcing connected with tile process of mortgage securitization. Our study will help to assess legal ramifications and litigation trends associated with the fallout with characteristics of emerging mortgage markets. We observe that in the instance of subprime mortgage woes there is no single entity or individual to be point out instead this mess is a collective creation of the world's central banks homeowners lenders credit rating agencies legal and accounting regulations underwriters hedge funds investment behavior.
Citation - WoS: 9
An empirical study on Banks profitability in the KSA: A co-integration approach
(ACADEMIC JOURNALS, 2009) Omar Masood; Bora Aktan; Sahil Chaudhary; Chaudhary, Sahil; Aktan, Bora; Masood, Omar
This study aims to give the analysis of the determinants of banks' profitability in the Kingdom of Saudi Arabia (KSA) over the period 1999-2007. This paper investigates the co-integration and causal relationship between return of assets (ROA) and return of equity ( ROE) of Saudi banks. The analysis employs Augmented Dickey Fuller (ADF) test Johansen's cointegration test Granger causality test. Analyzing the cointegration and other tests on Saudi Arabian banking sector over the study period the relationships between the two variables are examined. The empirical results have found strong evidence that the variables are co-integrated.
An outlook on Chinese banks based on total assets and equity perspective
(National Academy of Management eco@nam.kiev.ua Vul. Panasa Myrnogo 26 Kyiv 01011, 2011) Bora Aktan; Omar Masood; Guluzar Kurt-Gumuş; Bora Bodur; Kurt-Gumus, Guluzar; Bodur, Bora; Aktan, Bora; Masood, Omar
This study gives the analysis of the determinants of banks' profitability in China over the period of 2003-2007 by investigating the cointegration and the causal relationship between total assets (TA) and total equity (TE) of Chinese banks. The analysis employs Augmented Dickey Fuller (ADF) test Johansen cointegration test and Granger causality test on Chinese banking sector over the study period in order to examine the relationship between these 2 variables. The empirical results have found strong evidence that the variables are cointegrated. © Bora Aktan Omar Masood Guluzar Kurt-Gumus Bora Bodur 2011. © 2015 Elsevier B.V. All rights reserved.
ANALYSIS OF ISLAMIC BANKING INDUSTRY IN THE REPUBLIC OF SUDAN
(NATL ACAD MANAGEMENT, 2011) Guluzar Kurt-Gumus; Bora Aktaif; Omar Masood; Kurt-Gumus, Guluzar; Aktan, Bora; Aktaif, Bora; Masood, Omar
This paper seeks to analyze the financial performance of the selected Sudanese Islamic banks and highlight their growth using financial statement analysis. The procedure involves calculating numerous financial ratios and categorizing them into 5 key groups in order to examine profitability earning potential liquidity credit risk and assets activity. Findings reveal that Sudanese Islamic banks are doing very well in terms of generating reasonable profits and the liquidity earning performance and asset activity performance of the 3 selected banks is satisfactory. Finally while analyzing the credit risk we found that Sudanese Islamic banks are taking excessive risks.
Citation - Scopus: 1
Development and future prospects of Islamic banking in Bangladesh
(2009) Bora Aktan; Omar Masood; Muzafar Iqbal; Iqbal, Muzafar; Aktan, Bora; Masood, Omar
The objective of this research is to provide a brief analysis of the performance of Islamic banks in Bangladesh. The Islamic banks in Bangladesh continued to show strong growth since its inception in 1983 to June 2007 Islamic banks maintained and achieved strong position in the key areas like capital adequacy liquidity assets quality management and earnings. The research is based on primary data which has been collected by giving out a questionnaire to the employees of four selected banks at random basis. A sample of 200 respondents took part in this study. © 2009 Inderscience Enterprises Ltd. © 2016 Elsevier B.V. All rights reserved.
Citation - WoS: 2
Citation - Scopus: 2
Financial Crisis and Economic Downturn
(PREMIER PUBLISHING INC, 2011) Georges Pariente; Bora Aktan; Omar Masood; Pariente, Georges; Aktan, Bora; Masood, Omar
In the recent economic recession Federal Reserve (The FED) and Federal Government have preferred different methods to stimulate the economy. The key factor is the choice of financing each have following to implement their stimulus programs. The FED had opted to use quantitative easing (QE) in increasing money the FED expect to ease credit and investments by commercial banks hence improving the flow of money in the economy. The Federal Government have opted to use US Treasuries in paying vast fiscal stimulus programs to fuel the economy. Both are feasible for the objective each is trying to pursue, however both have long-term disadvantages on the economy. For this purpose the focal point of this paper is to discuss the stimulus programs. Findings show that the current recession is a combination of financial crisis in the banking system and an economic downturn. Hence there is a requirement for the implementation of both fiscal stimulus and countercyclical monetary policies to stimulate the economy.
FUND MANAGERS PERFORMANCE IN TURKEY: AN EMPIRICAL EVALUATION
(VILNIUS GEDIMINAS TECHNICAL UNIV PRESS TECHNIKA, 2010) Omar Masood; Bora Aktan; Pinar Evrim Mandaci; Edip Teker; Mandaci, Pinar Evrim; Aktan, Bora; Teker, Edip; Masood, Omar; R Ginevicius; AV Rutkauskas; R Pocs; J Stankeviciene
The aim of this study is to investigate whether some certain characteristics of fund managers help to explain their performance in the context of an emerging market Turkey. We test the statistical significance between two measures of fund manager performance (number of clients and portfolio size) and fund manager characteristics such as education job experience etc by using a survey methodology to obtain primary data and applying the ordered choice models. Both measures of performance are positively correlated with the number of training courses attended and the number of years of experience in a particular organization.
IMPACT OF POLITICAL EVENTS ON EMERGING EQUITY MARKETS: THE CASE OF PAKISTAN
(NATL ACAD MANAGEMENT, 2010) Omar Masood; Bora Aktan; Aktan, Bora; Masood, Omar
In this paper we seek to examine the impact of political events on Pakistan's equity market using mathematical calculations rather than judgements. Questionnaires and interviews were used to collect data from historians economists politicians government officials bankers and stock market analysts in Pakistan. KSE100 index closing figures were extracted in order to monitor movements of stock market before during and after each event. As data is sparse several Bayesian hierarchical models and Markov Chain Monte Carlo (MCMC) techniques were used in the forecasts in order to overcome difficulties associated with obtaining conjecture within this framework.
Citation - Scopus: 14
Islamic banking: a study of customer satisfaction and preferences in non-Islamic countries
(2009) Omar Masood; Bora Aktan; Qazi Awais Amin; Amin, Qazi Awais; Aktan, Bora; Masood, Omar
The analysis of their responses revealed a certain degree of satisfaction of many of the Islamic bank’s facilities and products. The respondents expressed their dissatisfaction with some of the Islamic bank’s services. Although the respondents indicated that they are aware of a number of specific Islamic financial products like Murabaha Musharaka and Mudaraba they show that they do not deal with them. © 2009 Inderscience Enterprises Ltd. © 2016 Elsevier B.V. All rights reserved.
Citation - WoS: 1
MARKET STRUCTURE AND COMPETITIVE CONDITIONS OF BANKING INDUSTRY IN KSA: THE PANZAR-ROSSE APPROACH
(NATL ACAD MANAGEMENT, 2010) Omar Masood; Bora Aktan; Aktan, Bora; Masood, Omar
This paper presents an empirical assessment of the market structure and the competitive conditions of the Saudi Arabian banking sector. We applied the Panzar-Rosse H-statistic on the data collected from a panel of 12 Saudi banks for the period 1999-2007. These banks were classified as most significant by the Central Batik (SAMA). Equilibrium tests and the competitive conditions tests were applied oil the data. From the pooled regression overall period we found that banking sector in Saudi At-tibia in 1999-2007 was a conjectural variation short-run oligopoly. Our results reject that there is a perfect competition or natural monopoly in a perfectly contestable market or a monopolistic competition.
Citation - WoS: 6
Citation - Scopus: 7
The investment decision-making process from a risk manager's perspective: a survey
(EMERALD GROUP PUBLISHING LTD, 2009) Omar Masood; Bora Aktan; Sahil Chaudhary; Chaudhary, Sahil; Aktan, Bora; Masood, Omar
Purpose - The purpose of this paper is to identify associations between various inputs in the investment decision process of Saudi Arabian risk managers (RMs). Design/methodology/approach - The paper reports the views of 81 RMs in Saudi Arabia regarding their approach to investment risk and uses these as inputs into conditional independence graphs. Findings - Saudi RMs favour their experience and personal judgment over mathematical projections and statistical models when considering investment risk. A need remains for an efficient risk-modeling framework for the banking system that has more practical value than those which have emerged to date. Originality/value - The paper provides novel insights on issues such as the extent to which risk management is dealt with in practice via personal experience rather than statistical-based projections. The findings also shed light on the level of satisfaction amongst RMs and regulators with the incentives provided in the Saudi Arabian environment and the importance placed on guidance from the nation's leading regulatory institution.
Citation - WoS: 22
Citation - Scopus: 26
THE STATE OF COMPETITION OF THE TURKISH BANKING INDUSTRY: AN APPLICATION OF THE PANZAR-ROSSE MODEL
(VILNIUS GEDIMINAS TECH UNIV, 2010) Bora Aktan; Omar Masood; Aktan, Bora; Masood, Omar
This paper examines the competitive structures of the Turkish banking industry over the period 1998-2008 and investigates the factors that can explain differences in the degree of competitiveness. The Panzar-Rosse method is used to test for the competitive nature of the industry which also gives the measure of competition the H-statistic is related to a number of industry controls and prevailing banking structures. Our results indicate that the banking industry in Turkey is in an equilibrium state further they are in long run equilibrium. We also found that the banks in Turkey are operating as a whole under conditions of monopolistic competition. However the banks were able to achieve high records of profitability in monopolistically competitive markets.
Citation - WoS: 1
Citation - Scopus: 2
WHAT REALLY RULES INVESTMENT DECISIONS: HEAD OR HEART?
(NATL ACAD MANAGEMENT, 2010) Omar Masood; Stephen Moore; Bora Aktan; Ghulam Shabbir Khan Niazi; Moore, Stephen; Niazi, Ghulam Shabbir Khan; Aktan, Bora; Masood, Omar
The main purpose of this paper is to identify and discuss the relationship between behavioural and classical factors more clearly that have already been established and more specifically to determine the manner in which both behavioural and classical financial factors influence the investment decision making process by using information obtained from 100 investment managers in the City of London. This paper proposes that they are both valid and further that the classical economics with its numerical data informs the behaviourist approach. Of particular note is that around 4 out of every 5 managers acknowledged the influences of representativeness availability bias overconfidence and anchoring. Such a high proportion provides compelling supportive evidence of the primacy of behavioural economics in decision-making and that in consequence the gyrations of investment portfolios are more satisfactorily explained with reference to the personality profiles and psychological traits of the major active market participants than they are by reference to data and numerical analysis as classical economists would claim.