Template-Type: ReDIF-Article 1.0 Author-Name: Nesrine Ayadi Author-X-Name-First: Nesrine Author-X-Name-Last: Ayadi Title: Corporate governance practices of banks in developed countries after the financial crisis of 2008 Abstract: This paper suggests a classification of 30 banks of four member countries of the euro zone, according to their governance practices, through a principal component analysis. The governance convergence mechanisms of the 30 banks in four countries in 2009 were analysed on the basis of a consistent measurement with this approach. Bringing banks together according to the directors' compensation seems more appropriate to identify the similarities in the behaviour. This will lead us to classify banks into three categories: the first consists of the banks that award a very high incentive pay to their CEO, the second group provides a high compensation to the CEO and the third category gives a relatively low compensation to their CEO. Journal: Int. J. of Financial Services Management Pages: 303-325 Issue: 4 Volume: 9 Year: 2019 Keywords: board of directors; CEO compensation; bank. File-URL: http://www.inderscience.com/link.php?id=102450 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijfsmg:v:9:y:2019:i:4:p:303-325 Template-Type: ReDIF-Article 1.0 Author-Name: Sreeram Sivaramakrishnan Author-X-Name-First: Sreeram Author-X-Name-Last: Sivaramakrishnan Author-Name: Mala Srivastava Author-X-Name-First: Mala Author-X-Name-Last: Srivastava Title: Financial well-being, risk avoidance and stock market participation Abstract: The purpose of this study is to understand the influences of risk avoidance and financial well-being on the intention to invest in equity products. Risk avoidance - a reflective construct was measured using a seven-item scale while financial well-being, also a reflective construct was measured using an established eight-item scale. Survey data for urban, retail, middle-class investors was collected across four cities in India. This was then analysed using PLS-SEM and it was found that financial well-being and risk avoidance have a negative influence on the intention to invest in equity products. The finding regarding risk avoidance and intention to invest corroborated earlier studies. A counterintuitive finding was that financial well-being or the feeling of financial security does not embolden an investor to invest in the stock markets rather it seems to prove a deterrent for stock market participation. This suggests that financial institutions may need to highlight gaps in financial security of households or use other creative means of communication to increase stock market participation. Journal: Int. J. of Financial Services Management Pages: 326-344 Issue: 4 Volume: 9 Year: 2019 Keywords: financial well-being; risk avoidance; intention to invest; stock market participation. File-URL: http://www.inderscience.com/link.php?id=102456 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijfsmg:v:9:y:2019:i:4:p:326-344 Template-Type: ReDIF-Article 1.0 Author-Name: Shafiu Ibrahim Abdullahi Author-X-Name-First: Shafiu Ibrahim Author-X-Name-Last: Abdullahi Title: Measuring volatility linkage, clustering and sensitivity to external shocks in Nigerian stock index Abstract: Recent events in the global economy have further exposed the fear and uneasiness in the minds of investors around the world. The resort to protectionist policies by nations around the world as reaction to the attempt by US President Donald Trump to use higher tariffs to increase his country's share of global trade has made global investors seek safe havens. This paper measures stock market volatility and linkages among three stock markets. EGARCH and TGARCH models were employed in analysing univariate volatility in the indices, while bivariate GARCH (diagonal BEKK) was employed in measuring returns linkages. The result of the analysis shows that markets exhibit evidence of asymmetry and persistence in volatility; volatility from previous periods significantly affects current period and markets react with speed to news of volatility. In terms of portfolio diversification, NSE-IST provides better opportunity followed by NSE-JSE and then JSE-IST. Journal: Int. J. of Financial Services Management Pages: 345-368 Issue: 4 Volume: 9 Year: 2019 Keywords: volatility linkage; financial contagion; Nigerian stock market; EGARCH; TGARCH; diagonal BEKK; portfolio diversification. File-URL: http://www.inderscience.com/link.php?id=102457 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijfsmg:v:9:y:2019:i:4:p:345-368 Template-Type: ReDIF-Article 1.0 Author-Name: Vimi Jham Author-X-Name-First: Vimi Author-X-Name-Last: Jham Title: Empirical investigation of antecedents of perceived recovery service quality: evidence from retail banking in United Arab Emirates Abstract: The banking sector has undergone tremendous change in all forms of service it provides to its customers. The aims of the banks are to avoid customer defection and lead to customer satisfaction. The purpose of the study was to examine the linkages among the constructs, such as customer perceived service quality, perceived service recovery quality and customer satisfaction in the banking industry. The moderating effect of negative brand perception due to service failure on recovery satisfaction was investigated. Random sampling methods are used to draw the sample from the population. Data was collected from 262 banking customers and were analysed with the help of structural equation modelling approach using smart PLS to understand the relationship among variables being studied. The results of the study contribute to the research by proving that customer service recovery satisfaction is dependent on customer perceived service quality and the moderating effect of negative brand perception due to service failure was insignificant. Journal: Int. J. of Financial Services Management Pages: 369-385 Issue: 4 Volume: 9 Year: 2019 Keywords: service recovery satisfaction; perceived service quality; perceived service recovery quality; structural equation modelling; United Arab Emirates. File-URL: http://www.inderscience.com/link.php?id=102458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijfsmg:v:9:y:2019:i:4:p:369-385 Template-Type: ReDIF-Article 1.0 Author-Name: Varun Chotia Author-X-Name-First: Varun Author-X-Name-Last: Chotia Author-Name: Rajesh Jayakar Pai Author-X-Name-First: Rajesh Jayakar Author-X-Name-Last: Pai Title: Factors determining profitability of banks in UAE Abstract: The objective of this study is to examine and evaluate the micro- and macro-factors that affect the profitability of the banks operating on the domestic outskirts of UAE during the post-crisis period. An analysis is done to evaluate the relationship between the financial ratios of a few of the local banks in the UAE using the data of the past nine years, i.e. 2009 to 2017 (the post-crisis period). The study show the results that the factor most adversely impacting the profitability in banks like Abu Dhabi Commercial Bank, Commercial Bank of Dubai, Dubai Islamic Bank and Emirates Islamic Bank, is 'interest income' whereas that in banks like Emirates National Bank of Dubai, Mashreq Bank, United Arab Bank and United National Bank, is 'wages' as per cent of the total expenses. Journal: Int. J. of Financial Services Management Pages: 386-407 Issue: 4 Volume: 9 Year: 2019 Keywords: correlation analysis; multiple regression analysis; factor analysis; profitability; global economic downfall. File-URL: http://www.inderscience.com/link.php?id=102459 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijfsmg:v:9:y:2019:i:4:p:386-407