Institutional Repository
Technical University of Crete
Technical University of Crete
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EL
| URI | http://purl.tuc.gr/dl/dias/7322FE27-24D6-455E-B433-E5AB28D46475 | - |
| Identifier | https://doi.org/10.1002/mcda.405 | - |
| Language | en | - |
| Extent | 9 pages | en |
| Title | A multicriteria decision framework for measuring banks' soundness around the world | en |
| Creator | Zopounidis Konstantinos | en |
| Creator | Ζοπουνιδης Κωνσταντινος | el |
| Creator | Gaganis, Chrysovalantis | en |
| Creator | Pasiouras, Fotios | en |
| Publisher | John Wiley and Sons | en |
| Content Summary | In this paper, we use a sample of 894 banks from 79 countries to develop a multicriteria decision aid model, for the classification of banks into three groups on the basis of their soundness. The model is developed with the UTilités Additives DIScriminantes (UTADIS) method, through a 10-fold cross-validation procedure using six financial and four non-financial variables. The ratings of Fitch form the basis for assigning banks into the three groups. The results indicate that the asset quality (as measured by loan loss provisions), capitalization, and the market where banks operate are the most important criteria (in terms of weights) in classifying the banks. Profitability and efficiency in expenses management are also important attributes, whereas size and listing in a stock exchange are the least important ones. UTADIS achieves higher classification accuracies than discriminant analysis and ordinary logistic regression which are used for benchmarking purposes. | en |
| Type of Item | Peer-Reviewed Journal Publication | en |
| Type of Item | Δημοσίευση σε Περιοδικό με Κριτές | el |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-10-28 | - |
| Date of Publication | 2006 | - |
| Subject | Capability, Financial (Financial literacy) | en |
| Subject | Financial capability (Financial literacy) | en |
| Subject | Literacy, Financial | en |
| Subject | financial literacy | en |
| Subject | capability financial financial literacy | en |
| Subject | financial capability financial literacy | en |
| Subject | literacy financial | en |
| Bibliographic Citation | Ch. Gaganis, F. Pasiouras ,C. Zopounidis ," A Multicriteria decision framework for measuring banks’ soundness around the world," J. of Multi- Criteria Dec.Anal vol 14, no. 1-3, pp.103 - 111,Jun. 2006.doi:10.1002/mcda.405 | en |
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