商业银行学答案-第八版-罗斯Chap006VIP免费

Chapter06-MeasuringandEvaluatingthePerformanceofBanksandTheirPrincipalCompetitorsCHAPTER6MEASURINGANDEVALUATINGTHEPERFORMANCEOFBANKSANDTHEIRPRINCIPALCOMPETITORSGoalofThisChapter:Thepurposeofthischapteristodiscoverwhatanalyticaltoolscanbeappliedtoabank’sfinancialstatementssothatmanagementandthepubliccanidentifythemostcriticalproblemsinsideeachbankanddevelopwaystodealwiththoseproblemsKeyTopicsinthisChapterStockValuesandProfitabilityRatiosMeasuringCredit,Liquidity,andOtherRisksMeasuringOperatingEfficiencyPerformanceofCompetingFinancialFirmsSizeandLocationEffectsAppendix:UsingFinancialRatiosandOtherAnalyticalToolstoTrackFinancialFirmPerformance-TheUBPRandBHCPRChapterOutlineI.Introduction:IIEvaluatingPerformanceA.DeterminingLong-RangeObjectivesB.MaximizingtheValueoftheFirm:AKeyObjectiveforNearlyAllFinancial-ServiceInstitutionsC.ProfitabilityRatios:ASurrogateforStockValues1.KeyProfitabilityRatios2.InterpretingProfitabilityRatiosD.UsefulProfitabilityFormulasforBanksandOtherFinancial-ServiceCompaniesE.ReturnonEquityandItsPrincipalComponentsF.TheReturnonAssetsandItsPrincipalComponentsG.WhataBreakdownofProfitabilityMeasuresCanTellUsH.MeasuringRiskinBankingandFinancialServices1.CreditRisk2.LiquidityRisk3.MarketRisk4.PriceRisk5.InterestRateRisk6.ForeignExchangeandSovereignRisk7.Off-Balance-SheetRisk8.Operational(Transactional)Risk9.LegalandComplianceRisks6-1Chapter06-MeasuringandEvaluatingthePerformanceofBanksandTheirPrincipalCompetitors10ReputationRisk11.StrategicRisk12.CapitalRiskI.OtherGoalsinBankingandFinancial-ServicesManagementIII.PerformanceIndicatorsamongBanking’sKeyCompetitorsIV.TheImpactofSizeonPerformanceA.Size,LocationandRegulatoryBiasinAnalyzingthePerformanceofBanksandCompetingFinancialInstitutionsV.SummaryoftheChapterAppendixtotheChapter-UsingFinancialRatiosandOtherAnalyticalToolstoTrackFinancial-FirmPerformance-TheUBPRandBHCPRConceptChecks6-1.Whyshouldbanksandothercorporatefinancialfirmsbeconcernedabouttheirlevelofprofitabilityandexposuretorisk?BanksintheU.S.andmostothercountriesareprivatebusinessesthatmustattractcapitalfromthepublictofundtheiroperations.Ifprofitsareinadequateorifriskisexcessive,theywillhavegreaterdifficultyinobtainingcapitalandtheirfundingcostswillgrow,erodingprofitability.Bankstockholders,depositors,andbankexaminersrepresentingtheregulatorycommunityareallinterestedinthequalityofbankperformance.Thestockholdersareprimarilyconcernedwithprofitabilityasakeyfactorindeterminingtheirtotalreturnfromholdingbankstock,whiledepositors(especiallylargecorporatedepositors)andexaminerstypicallyfocusonbankriskexposure.6-2.Whatindividualsorgroupsarelikelytobeinterestedinthesedimensionsofperformanceforafinancialinstitution?Theindividualsorgroupslikelytobeinterestedinthedimensionsi.e.,BankprofitabilityandRiskare–Otherbankslendingtoaparticularbank,borrowers,largedepositors,holdersoflong-termdebtcapitalissuedbybanks,bankstockholders,andtheregulatorycommunity.6-3.Whatfactorsinfluencethestockpriceofafinancial-servicescorporation?Abank'sstockpriceisaffectedbyallthosefactorsaffectingitsprofitabilityandriskexposure,particularlyitsrateofreturnonequitycapitalandrisktoshareholderearnings.Researchevidenceovertheyearshasfoundthatthestockpricesoffinancialinstitutionsissensitivetochangesinmarketinterestrates,currencyexchangerates,andthestrengthorweaknessoftheeconomy.A...