Template-Type: ReDIF-Article 1.0 Author-Name: Mario B. Lamberte Author-Workplace-Name: Philippine Institute for Development Studies (PIDS) Title: Production Technology of Philippine Commercial Banks Abstract: No Abstract Journal: Philippine Review of Economics Pages: 123-143 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/337/337 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:123-143 Template-Type: ReDIF-Article 1.0 Author-Name: Cesar G. Saldana Author-Workplace-Name: Price Waterhouse/Joaquin Cunanan Associate Professor in Business Adminsitration Title: The Philippine Commercial Banking System: Structure, Performace and the Impact of the Capital Buildup Program of 1972 Abstract: This article attempts to identify some effects of the Banking Reform of 1972, specifically the increased capitalization requirement on banks, on the structure and performance of the commercial banking industry. It was found that to begin with, the banking industry is a highly concentrated industry and that the size of a commercial bank is closely related to its profit performance. The capital buildup program imposed by the Central Bank in 1972 further increased the level of concentration in the commercial banking industry. Journal: Philippine Review of Economics Pages: 145-164 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/338/340 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:145-164 Template-Type: ReDIF-Article 1.0 Author-Name: Lina J. Valcarcel Author-Workplace-Name: College of Business Administration, University of the Philippines Title: On the Ability of Accounting Ratios to Predict Failure of Philippine Business Firms Abstract: Previous studies indicated that linear multiple discriminant analysis (LMDA) of financial ratios can be used to predict company failure. A discriminant function is derived from a set of financial ratios which, when transformed into Z-scores, characterize firms as failing or nonfailing based on a predetermined cut-off point. This study sought to develop a prediction model for Philippine firms using LMDA on financial ratios. Twenty-six failing firms in the manufacturing sector were chosen from among the 1,000 top corporations of 1979. For lack of data on bankruptcy, failure was defined as default in loan repayment between 1973 and 1981. A corresponding number of nonfailing firms were chosen from the same industry as the failing counterpart. Fourteen industries were represented. Some 260 financial statements were examined and over 8,000 ratios were computed for the 52 firms over a 5-year period. The ratios were subjected to various statistical tests to determine which of them should be used in deriving the discriminant function. Among the thirteen LMDA models developed, the “best” predictor of company failure consisted of four variables. These variables were Cash Flow/Total Liabilities, Net Income/Total Liabilities, Total Liabilities/Total Assets and Sales/Total Assets. It had the highest percentage of correct prediction at Year 1 (83%) and the narrowest range of overlap in Z-scores over the five-year period tainted (.26 to — .23). Journal: Philippine Review of Economics Pages: 165-199 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/339/341 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:165-199 Template-Type: ReDIF-Article 1.0 Author-Name: Epictetus Patalinghug Author-Workplace-Name: University of the Philippines Title: Labor Quality and Growth Accounting: The Philippines Abstract: In recent years studies in human capital have been readily absorbed into the larger body of economic knowledge. However, there is a scarcity of studies on the value of education between sectors. This paper is an attempt to apply the growth accounting framework so as to determine the significance of education in manufacturing and agriculture sectors of the Philippine economy. A weighted education per man index (where the weights are earnings by years of schooling) was employed in measuring human capital input and incorporating it into the production function. Empirical results indicate that education‘s contribution to Philippine growth rate between 1960 and 1982 is only 17.34 per cent;capital is the dominant factor which accounts for 48.26 per cent of the growth rate during the period. It seems that the role of education in improving the quality of the Philippine labor force does not appear to be significantly substantial; on the contrary, the crucial role of physical capital (rather than human capital) in Philippine economic growth is supported by the evidence. Journal: Philippine Review of Economics Pages: 201-217 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/340/334 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:201-217 Template-Type: ReDIF-Article 1.0 Author-Name: Hooi-Eng Leo Author-Workplace-Name: University of the Philippines, School of Economics Title: Effects of Trade Policies on the Structure and Growth of Manufacturing Industries in Peninsular Malaysia: 1960-1980 Abstract: The paper attempts to assess the effectiveness of Peninsular Malaysia's commercial and industrial promotion policies on the structure and growth of the different industrial sectors. A general equilibrium model is used, which takes into account the interactions between the importables, exportables and home goods market. The “net protective rate" shows the net result of all the policies implemented and the effects of exogenous factors. Results show that exports of manufactures have been encouraged by changes in income. The incentive components due to domestic policies and exogenous factors have ?uctuated between positive and negative values. The net protective effect of domestic policies has tended to be higher for the years since 1974. The actual net protective rates of manufactures have been negative for the years 1968, 1971, 1973, 1975, 1978, and 1979. Except for 1973, the negative effects have been mainly due to exogenous factors. In the case of imports of manufactures, the protective effect due to changes in income has been positive for all years from 1967 to 1980. The actual net protective effect has been mainly negative for the years since 1976. This has been mostly due to exogenous factors. In the case of SITC 6 and 8, domestic policies have also contributed to this negative effect. Journal: Philippine Review of Economics Pages: 219-238 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/341/338 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:219-238 Template-Type: ReDIF-Article 1.0 Author-Name: Noer Soetrisno Author-Workplace-Name: University of the Philippines, School of Economics Title: Supply Response of Sugar Cane in Indonesia Abstract: The paper investigates the supply response of sugar cane using an extended Nerlovian model, The analysis is separated into sugar mills and farmers’ responses. Output response is decomposed into area response and yield response. An important finding shows farmers to be responsive to price while millers are not, The insignificant results on sugar mills indicate that when they are under strict control, and are no longer profit maximizing, the Nerlovian supply response does not apply. Journal: Philippine Review of Economics Pages: 239-265 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/342/343 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:239-265 Template-Type: ReDIF-Article 1.0 Author-Name: Author Author-Workplace-Name: Not Available Title: Abstract of Dissertations and Theses Abstract: No Abstract Journal: Philippine Review of Economics Pages: 267-269 Volume: 21 Issue: 3&4 Year: 1984 Month: September & December File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/635/339 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:21:y:1984:i:3&4:p:267-269