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Assessing The Performance Of Non-Banking Financial Institutions – A Knowledge Discovery Approach

Author

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  • Adrian Costea

    (Bucharest University of Economics Faculty of Cybernetics, Statistics and Informatics in Economy Bucharest, Romania)

Abstract

This paper proposes a framework for assessing the performance of non-banking financial institutions (NFIs). Firstly, we present an overview of the non-banking financial institutions’ sector in Romania and, then, the CAAMPL system which is used to evaluate the performance of banks. We argue that this system is suboptimal when applied to assessing NFIs’ performance and that the Knowledge Discovery in Databases (KDD) process could offer specific methods that may be used to developing better systems. Next, we discuss different concepts that are closely related with the KDD process: data, information and knowledge. Finally, we present the KDD process and we show how our research problem can be formalized as a KDD process.

Suggested Citation

  • Adrian Costea, 2011. "Assessing The Performance Of Non-Banking Financial Institutions – A Knowledge Discovery Approach," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 174-185.
    • Handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:174-185
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    File URL: http://feaa.ucv.ro/AUCSSE/0039v3-025.pdf
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    References listed on IDEAS

    as
    1. David J. Hand & Heikki Mannila & Padhraic Smyth, 2001. "Principles of Data Mining," MIT Press Books, The MIT Press, edition 1, volume 1, number 026208290x, December.
    2. Liliana Eva Donath & Laura Mariana Cismas, 2008. "Determinants of Financial Stability," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 11(29), pages 27-44, (3).
    3. International Monetary Fund, 2010. "Romania: Financial Sector Stability Assessment," IMF Staff Country Reports 2010/047, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    knowledge discovery; data mining; prudential supervision; non-banking financial institutions; financial performance;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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