(Fwd) WWWOR PERFORMANCE OF FINANCIAL INSTITUTIONS (fwd)

Date: Thu, 16 Jan 1997 12:00:06 -0500 Organization: Financial Institutions Center To: wwwor(a)mat.gsia.cmu.edu Subject: PERFORMANCE OF FINANCIAL INSTITUTIONS Status: RO X-Status: X-Keywords: X-UID: 235 SECOND CALL FOR PAPERS BACKGROUND INFORMATION: While the efficiency of the capital markets is widely and extensively studied, little has been done to study the efficiency of the Institutions that operate in these markets. What are the forms of efficiency or lack thereof of a financial Institution? What are the drivers of performance that enhance or inhibit efficiency? These issues have only recently been under the scrutiny of scholarly inquiry motivated by the increased competitiveness with the globalization of the financial markets and the increased use of information technology in the delivery of financial services. Serious inroads have been made in providing answers to these questions. CONFERENCE FOCUS: This interdisciplinary conference brings together scholars from around the world in economics, finance, operations management, marketing and other disciplines to describe and understand the performance of financial institutions. The conference is tentatively structured as follows: Session 1: Institutional Efficiency: What Is It? This session explores alternative notions of efficiency, including productivity, profitability, and quality of the services delivered by financial institutions. Session 2: Institutional Efficiency: What Drives It? Papers in this session explore the drivers of institution efficiency, including scale and scope economies, technology, human resource practices, etc. Session 3: Efficiency of the Financial Intermediation Process: What Is It? This session defines alternative notions of efficiency of the financial intermediation process, looking particularly at risk management, asset-liability matching, and intertemporal smoothing of fund flows. Session 4: Efficiency of the Financial Intermediation Process: What Drives It? Given the various notions of intermediation efficiency, this session explores the characteristics of the market that limit the efficiency of financial intermediaries, including regulation and institutional structure. Session 5: Innovations in Financial Services: Alternative Institutions This session explores the impact of innovations in the structure of the financial services market and the range of services offered to the consumer, including the rise of mutual funds and other non-bank competitors, on the efficiency of the financial system. Session 6: Innovations in Financial Services: Alternative Channels The rise of new distribution channels, enabled by technology, will be considered in this session along with their impact on the efficiency of institutions, the intermediation process and the end consumer. Session 7: International Studies of Efficiency Papers in this session study the efficiency, as described above, within and between countries. CONFERENCE DATE AND LOCATION: The conference will be held May 8-10, 1997, at the Wharton School of the University of Pennsylvania. CONFERENCE ORGANIZERS: Name: Dr. Patrick Harker E-mail: harker(a)opim.wharton.upenn.edu Postal: Financial Institutions Center, The Wharton School, 3301 Steinberg Hall-Dietrich Hall, University of Pennsylvania, Philadelphia, PA 19104-6367, U.S.A. Name: Dr. Stavros A. Zenios E-mail: zenioss(a)atlas.pba.ucy.ac.cy Postal: School of Economics and Management, University of Cyprus, 75 Kallipoleos Street, P.O. Box 537, CY 1678, Nicosia, CYPRUS PAPER SUBMISSION PROCESS: To participate, please send five copies of your article to the address below no later than February 28, 1997. Authors of accepted articles will be notified by March 15, 1997. If you have any questions, please feel free to contact the organizers. Submit all manuscripts to: All papers to be presented will be rigorously refereed and placed in an edited volume to be published by Cambridge University Press. A select group of papers will be invited to be published in a special issue of Management Science. CONTACT: Submit all manuscripts to: Postal: Performance of Financial Institutions, Financial Institutions Center, The Wharton School, 434 Vance Hall, Philadelphia, PA 19104-6301, U.S.A. Please see our home page at http://wrdsenet.wharton.upenn.edu/fic/wfic/new.html for further details. This message was to the WWWOR mailing list (WWW and Operations Research). Send postings to wwwor(a)mat.gsia.cmu.edu . Send administrative requests to majordomo(a)mat.gsia.cmu.edu or use the web interface at http://mat.gsia.cmu.edu/cgi-bin/lwgate/WWWOR/ ------------------------------------------------------------------ Dr. Andrea Gaunersdorfer Department of Business Administration University of Vienna Tel.: +43-1-29 1 28-466 Bruenner Strasse 72 FAX: +43-1-29 1 28-464 A - 1210 Wien e-mail: gauner(a)finance2.bwl.univie.ac.at =========================================================================