Banking, Finance, and Accounting: Concepts, Methodologies, Tools, and Applications

1626 Pages·2014·76.31 MB·English

Banking, Finance, and
Accounting:
Concepts, Methodologies, Tools,
and Applications
Information Resources Management Association
USA
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Library of Congress Cataloging-in-Publication Data
Banking, finance, and accounting : concepts, methodologies, tools, and applications / Information Resources Management
Association, editor.
volumes cm
Includes bibliographical references and index.
Summary: “This reference investigates recent advances and undertakings in the financial industry to better equip all mem-
bers of the world economy with the tools and insights needed to weather any shift in the economic climate, offering chapters
on topics ranging from investment portfolios to credit unions”-- Provided by publisher.
ISBN 978-1-4666-6268-1 (hardcover : alk. paper) -- ISBN 978-1-4666-6269-8 (ebook : alk. paper) -- ISBN 978-1-4666-
6271-1 (print & perpetual access : alk. paper) 1. Financial services industry. 2. Banks and banking. 3. Finance. 4. Ac-
counting. 5. Information technology. I. Information Resources Management Association.

HG173.B3357 2015
332.1--dc23

2014018698
British Cataloguing in Publication Data
A Cataloguing in Publication record for this book is available from the British Library.
The views expressed in this book are those of the authors, but not necessarily of the publisher.
For electronic access to this publication, please contact: [email protected].
Editor-in-Chief
Mehdi Khosrow-Pour, DBA
Contemporary Research in Information Science and Technology, Book Series
Associate Editors
Steve Clarke, University of Hull, UK
Murray E. Jennex, San Diego State University, USA
Annie Becker, Florida Institute of Technology, USA
Ari-Veikko Anttiroiko, University of Tampere, Finland
Editorial Advisory Board
Sherif Kamel, American University in Cairo, Egypt
In Lee, Western Illinois University, USA
Jerzy Kisielnicki, Warsaw University, Poland
Keng Siau, University of Nebraska-Lincoln, USA
Amar Gupta, Arizona University, USA
Craig van Slyke, University of Central Florida, USA
John Wang, Montclair State University, USA
Vishanth Weerakkody, Brunel University, UK
List of Contributors
Abdallah, Salam / Abu Dhabi University, UAE ...............................................................................1046
Abdelsalam, Hisham M. / Cairo University, Egypt ........................................................................1263
Abroud, Alireza / Multimedia University, Jalan Multimedia, Malaysia & Ministry of Science,
Research and Technology, Islamic Republic of Iran ....................................................................467
Acar, Aslı Beyhan / Istanbul University, Turkey ................................................................................886
Acar, Ece Erdener / Izmir University of Economics, Turkey ...........................................................1303
Acar, Okan / Banker, Turkey ..............................................................................................................886
Achehboune, Amale / Al Akhawayn University, Morocco ..................................................................68
Adelaja, Adesoji / Michigan State University, USA ...........................................................................797
Adhikary, Anindita / Sikkim Manipal Institute of Technology, India ...............................................614
Akaeze, Henry / Michigan State University, USA .............................................................................797
Akbari, Fatemeh / Mazandaran University of Science and Technology, Iran ................................1115
Alexandrova-Kabadjova, Biliana / Banco de Mexico, Mexico ......................................................1228
Al-Hasan, Said / University of Glamorgan, UK ..............................................................................1328
Alhawari, Samer / The World Islamic Sciences and Education University, Jordan .........................919
Ali, Sadiq Shahbaz / Shaheed Zulfikar Ali Bhutto Institute of Science and Technology,
Pakistan ........................................................................................................................................532
Alma, Jaqueline / Electronic Arts – Vancouver, Canada ................................................................1421
Aloud, Monira / University of Essex, UK ..........................................................................................350
Angelou, Georgios N. / University of Macedonia, Greece ................................................................544
Arciero, Luca / Bank of Italy, Italy ....................................................................................................218
Arora, Vishal / Indian Institute of Technology Delhi, India ............................................................1554
Aslanova, Kemale / Beykent University, Turkey ..............................................................................1510
Asogwa, Benjamin Chijioke / University of Agriculture, Nigeria ..................................................1081
Assefa, Temtim / Addis Ababa University, Ethiopia .........................................................................978
Ater, Peter Iorhon / University of Agriculture, Nigeria ..................................................................1081
Aydoğan, Berna / Izmir University of Economics, Turkey ...............................................................1303
Ballas, Apostolos / Athens University of Economics and Business, Greece ......................................832
Blanco, Amanda / University of Florida, USA ..................................................................................776
Bolat, Nursel / Istanbul Arel University, Turkey ..............................................................................1384
Bora, Bedanta / Sikkim Manipal Institute of Technology, India ........................................................614
Çakan, Sinan / Anadolu University, Turkey .......................................................................................501
Cao, Nhi Y. / School of Banking and Finance, National Economics University, Vietnam ................484
Cardholm, Lucas / Coromatic Group, Sweden ...............................................................................1056
Castellanos-Pascacio, Sara G. / BBVA Research, Mexico ..............................................................1228
Celik, Ismail Erkan / Beykent University, Turkey .............................................................................127
Chandran, Kailas Sree / St.Thomas Institute for Science and Technology, India ..........................1212
Charfeddine, Lanouar / College of Business Administration, Najran University,
Saudi Arabia .................................................................................................................................818
Chatzipoulidis, Aristeidis / University of Macedonia, Greece .........................................................247
Choong, Yap Voon / Multimedia University, Jalan Multimedia, Malaysia ......................................467
Chopra, Shalu / VES Institute of Technology, India ..........................................................................728
Choudhury, Masudul Alam / College of Commerce and Economics, Sultan Qaboos University,
Oman ..........................................................................................................................................1521
Cipolla-Ficarra, Francisco V. / ALAIPO – AINCI, Spain and Italy ...............................................1421
Constantelou, Anastasia / University of the Aegean, Greece .........................................................1368
Copur, Zeynep / Hacettepe University, Turkey ..................................................................................776
Cortés-Romero, Antonio M. / University of Granada, Spain...........................................................330
Das, Ramesh Chandra / Katwa College, India ...................................................................................54
Das, Rituparna / National Law University Jodhpur, India .................................................435,452,948
De, Sanjoy / Burdwan University, India .............................................................................................661
Diehl, Martin / Deutsche Bundesbank, Germany ............................................................................1577
Dinçer, Hasan / Beykent University, Turkey ......................................................................................127
Dinda, Soumyananda / Sidho-Kanho-Birsha University, India ..........................................................54
Dorożyński, Tomasz / University of Lodz, Poland ............................................................................740
Dostál, Petr / Brno University of Technology, Institute of Informatics, Czech Republic .................1462
Dwivedi, Rajeev / Institute of Management Technology, India .........................................................728
Economides, Anastasios A. / University of Macedonia, Greece .......................................................544
Ekanayake, E. M. / Bethune-Cookman University, USA .....................................................................89
Eken, Mehmet Hasan / Istanbul Commerce University, Turkey .....................................................1151
Elgahwash, Fouad Omran / University of Wollongong, Australia ...................................................714
Elodie, Gardet / Laboratory Institut de REcherche en Economie et en GEstion (IREGE),
University of Savoie, France .......................................................................................................1539
Eshraghi, Arman / University of Edinburgh, UK..............................................................................867
Favre-Bonte, Véronique / Laboratory Institut de REcherche en Economie et en GEstion
(IREGE), University of Savoie, France ......................................................................................1539
Fazlollahtabar, Hamed / Iran University of Science and Technology, Iran ....................................1115
Freeman, Mark Bruce / University of Wollongong, Australia..........................................................714
Galbiati, Marco / Bank of England, UK & European Central Bank, Germany ................................644
Garcia-Almanza, Alma L. / Banco de Mexico, Mexico ..................................................................1228
Garfield, Monica / Bentley University, USA ......................................................................................978
Geng, Zhongyuan / School of Management, Harbin Institute of Technology, P.R. China ................518
Giansante, Simone / University of Bath, UK .....................................................................................561
Gonenc, Halit / University of Groningen, The Netherlands ...............................................................137
Gupta, Priya / Shaheed Sukhdev College of Business Studies, University of Delhi, India................410
Gupta, Shruti / University of Jammu, India ....................................................................................1004
Gurbuz, A. Osman / Istanbul Commerce University, Turkey ....................................................311,385
Gutter, Michael S. / University of Florida, USA ...............................................................................776
Hacioğlu, Ümit / Beykent University, Turkey .....................................................................................127
Hailu, Yohannes G. / United Nations Commission for Africa, Rwanda............................................797
Hamza, Haitham S. / Cairo University, Egypt ................................................................................1263
Hanson, Steve / Michigan State University, USA ...............................................................................797
Hjouj, Khaled / Management Consulting Executive, Canada.........................................................1031
Huemann, Martina / WU Vienna, Austria ............................................................................................1
Jha, Pawan Kumar / Banaras Hindu University, India ..................................................................1202
Kainth, Jyoti / Institute of Management Technology, India ..............................................................410
Kale, Suleyman / Ziraat Bank, Turkey.............................................................................................1151
Karabay, Melisa Erdilek / Marmara University, Turkey ....................................................................18
Kargidis, Theodoros / Alexandrian Technological Educational Institute of Thessaloniki,
Greece ...........................................................................................................................................247
Kaur, Gurjeet / University of Jammu, India ....................................................................................1004
Khan, M. N. A. / Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, Pakistan .........532
Kishk, Mohammed / The Scott Sutherland School of Architecture and Built Environment, Robert
Gordon University, UK .................................................................................................................962
Kornecki, Lucyna / Embry-Riddle Aeronautical University, USA ......................................................89
Kumar, Jitendra / Sikkim Manipal Institute of Technology, India ....................................................614
Kumar, Raj / Banaras Hindu University, India ...............................................................................1202
Kuna-Marszałek, Anetta / University of Lodz, Poland ....................................................................740
Lai, Jung-Yu / National Chung Hsing University, Taiwan ................................................................159
Lara-Rubio, Juan / University of Granada, Spain ............................................................................330
Liakeas, Konstantinos / University of the Aegean, Greece .............................................................1368
Lin, Ching-Tsung / Graduate Institute of Information Management, National Taiwan University,
Taiwan ..........................................................................................................................................159
Liu, Chunhui / University of Winnipeg, Canada .............................................................................1344
Lopez-Castañon, Calixto / Banco de Mexico, Mexico1 ....................................................................282
Lopez-Gallo, Fabrizio / Banco de Mexico, Mexico ...........................................................................282
M. K., Normalini / Universiti Sains Malaysia, Malaysia ..................................................................685
Mahdavi, Iraj / Mazandaran University of Science and Technology, Iran ......................................1115
Mansour, Ayman / University of Glamorgan, UK ...........................................................................1328
Markose, Sheri M. / University of Essex, UK ...................................................................................561
Martínez-Fiestas, Myriam / ESAN University, Perú ........................................................................330
Martinez-Jaramillo, Serafin / Banco de Mexico, Mexico ................................................................282
Marzouk, Ahmed M / IBM Egypt, Egypt ........................................................................................1263
Maurya, Upendra K. / National Institute for Micro, Small, and Medium Enterprises (Ni-MSME),
India ..............................................................................................................................................907
Meshesha, Million / Addis Ababa University, Ethiopia ....................................................................978
Mia, Mohammad Badruddozza / Open University, UK ..................................................................699
Mohan Sherry, Arun / Institute of Management Technology, India .................................................728
Motaleb, Omayma / The Scott Sutherland School of Architecture and Built Environment, Robert
Gordon University, UK .................................................................................................................962
Muthaiyah, Saravanan / Multimedia University, Jalan Multimedia, Malaysia ...............................467
Nasri, Wadie / The Higher Institute of Management of Gabes, University of Gabes, Tunisia ..........818
Nguyen, Thanh D. / Ho Chi Minh City University of Technology, Vietnam .....................................484
Okur, Mustafa / Marmara University, Turkey ............................................................................311,385
Olsen, Richard / University of Essex, UK ..........................................................................................350
Oluwasegun, Bewaji / University of Essex, UK .................................................................................561
Omankhanlen, Alex Ehimare / Covenant University, Nigeria .........................................................625
Ong, Chorng-Shyong / National Taiwan University, Taiwan ...........................................................159
Özkök, Yıldız / Hasan Kalyoncu University, Turkey .......................................................................1284
Padmavathy, Chandrasekaran / Vellore Institute of Technology, India ..........................................932
Pandey, Satyendra C. / Xavier Institute of Management, India ........................................................907
Pele, Daniel / Bucharest University of Economics, Romania .............................................................108
Pham, Long / College of Business, Minot State University, USA; & School of Banking and
Finance, National Economics University, Vietnam ......................................................................484
Picillo, Cristina / Bank of Italy, Italy1 ...............................................................................................218
Pupović, Elvira / University of Montenegro, Montenegro .................................................................850
Raina, Vibha Kaw / Birla Institute of Technology, India .........................................................180,1432
Ramage, Magnus / Open University, UK ..........................................................................................699
Ramayah, T. / Universiti Sains Malaysia, Malaysia..........................................................................685
Rashed, Abdullah / University of Minho, Portugal .........................................................................1253
Ravi, Vadlamani / Institute for Development and Research in Banking Technology, India ...........1554
Sami, Ben Jabeur / IESEG School of Management, France .............................................................236
Santos, Henrique / University of Minho, Portugal ..........................................................................1253
Sayin, H. Cem / Anadolu University, Turkey .....................................................................................501
Selimler, Huseyin / Ziraat Bank, Turkey .........................................................................................1151
Sen, Ruchi L. / Sunbeam College for Women, India..........................................................................399
Sen, Saurabh / Sunbeam College for Women, India ..........................................................................399
Sengupta, Atanu / Burdwan University, India ..................................................................................661
Shukla, Mahendra Kumar / Xavier Institute of Management, India ...............................................907
Siklos, Pierre L. / Wilfrid Laurier University, Canada .....................................................................592
Singh, Kanhaiya / Fore School of Management, India......................................................................410
Soramäki, Kimmo / Aalto University, Finland .................................................................................644
Sridharan, R. / National Institute of Technology Calicut, India .........................................43,670,1212
Sykianakis, Nicos / Technological Education Institute of Piraeus, Greece .......................................832
Taskiran, Nurdan Oncel / Kocaeli University, Turkey ...................................................................1384
Thevenard-Puthod, Catherine / Laboratory Institut de REcherche en Economie et en GEstion
(IREGE), University of Savoie, France ......................................................................................1539
Thomas, Brychan / University of Glamorgan, UK ..........................................................................1328
Tinnilä, Markku / Aalto University School of Business, Aalto University, Finland .......................1094
Tran, Phong T. / School of Banking and Finance, National Economics University, Vietnam ..........484
Tsang, Edward / University of Essex, UK .........................................................................................350
Tsiakis, Theodosios / Alexandrian Technological Educational Institute of Thessaloniki,
Greece ...........................................................................................................................................247
Tzovas, Christos / Athens University of Economics and Business, Greece .......................................832
Ulhas, Khire Rushikesh / Graduate Institute of Technology Management, National Chung Hsing
University, Taiwan ........................................................................................................................159
Unnithan, Anandakuttan B. / Indian Institute of Management Kozhikode, India .............43,670,1212
Varaprasad, G. / National Institute of Technology Calicut, India .......................................43,670,1212
Vardar, Gülin / Izmir University of Economics, Turkey ..................................................................1303
Vassilakopoulos, Constantinos / Athens University of Economics and Business, Greece ...............832
Weninger, Claudia / WU Vienna, Austria .............................................................................................1
Yakubu, Sani Madi / University of Agriculture, Nigeria ................................................................1081
Yilmaz, Recep / Beykent University, Turkey ....................................................................................1384
Zhai, Xue / School of Management, Harbin Institute of Technology, P.R. China ..............................518
Zhou, Bin / Southern Illinois University Edwardsville, USA ...........................................................1179
Zouag, Nada / Al Akhawayn University, Morocco ...............................................................................68
Table of Contents
Preface...................................................................................................................................................xx
Volume I
Section 1
Fundamental Concepts and Theories
This section opens this three-volume set with a look at Banking, Finance, and Accounting in a modern,
global context. In the wake of financial distress, increased awareness of all aspects of baking and
investment, however fundamental, is critical. This section investigates many of these topics, including
project management, international investment, and risk analysis, among others. In the opening 15 chapters
of this extensive reference source, readers will obtain a clear understanding of the fundamental concepts
and theories integral to the field of Banking, Finance, and Accounting.
Chapter 1
Project.Initiation:.Investment.Analysis.for.Sustainable.Development.....................................................1
Claudia Weninger, WU Vienna, Austria
Martina Huemann, WU Vienna, Austria
Chapter 2
Innovation.and.Competitiveness:.An.Exploratory.Study.on.Turkish.Financial.Sector.........................18
Melisa Erdilek Karabay, Marmara University, Turkey
Chapter 3
Internet.Banking.Adoption.by.the.Customers.of.Private.Sector.Banks.in.India...................................43
G. Varaprasad, National Institute of Technology Calicut, India
R. Sridharan, National Institute of Technology Calicut, India
Anandakuttan B. Unnithan, Indian Institute of Management Kozhikode, India
Chapter 4
Causality.between.Credit.Deposit.Ratio.and.Credit.Share.in.Major.Indian.States.during.1972.-2008.54
Ramesh Chandra Das, Katwa College, India
Soumyananda Dinda, Sidho-Kanho-Birsha University, India
Chapter 5
Production,.Trade,.Knowledge.Economy,.and.ICTs.in.Arab.Countries................................................68
Nada Zouag, Al Akhawayn University, Morocco
Amale Achehboune, Al Akhawayn University, Morocco
Chapter 6
The.State-Based.Factors.Affecting.Inward.FDI.Employment.in.the.US...............................................89
Lucyna Kornecki, Embry-Riddle Aeronautical University, USA
E. M. Ekanayake, Bethune-Cookman University, USA
Chapter 7
The.Situation.of.Knowledge.Economy.in.the.Arab.and.EEE.Regions................................................108
Daniel Pele, Bucharest University of Economics, Romania
Chapter 8
Investment.and.Development.Banks.and.Strategies.in.Turkey............................................................127
Ismail Erkan Celik, Beykent University, Turkey
Hasan Dinçer, Beykent University, Turkey
Ümit Hacioğlu, Beykent University, Turkey
Chapter 9
International.Evidence.on.Financing.of.R&D.....................................................................................137
Halit Gonenc, University of Groningen, The Netherlands
Chapter 10
Factors.Driving.Value.Creation.in.Online.B2B.Banking....................................................................159
Jung-Yu Lai, National Chung Hsing University, Taiwan
Khire Rushikesh Ulhas, Graduate Institute of Technology Management, National Chung Hsing
University, Taiwan
Ching-Tsung Lin, Graduate Institute of Information Management, National Taiwan University,
Taiwan
Chorng-Shyong Ong, National Taiwan University, Taiwan
Chapter 11
Overview.of.Mobile.Payment:.Technologies.and.Security.................................................................180
Vibha Kaw Raina, Birla Institute of Technology, India
Chapter 12
Liquidity.Management.in.the.Large.Value.Payment.Systems:.Need.for.an.Agent-Based.Model’s.
Complex.Approach..............................................................................................................................218
Luca Arciero, Bank of Italy, Italy
Cristina Picillo, Bank of Italy, Italy1
Chapter 13
Financial.Distress.and.Bankruptcy.Costs............................................................................................236
Ben Jabeur Sami, IESEG School of Management, France