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uncertainty. This proposition is tested using a panel of Ukrainian banks collected from NBU and covering the period 2003q1-2005q3 …. The results indicate that banks increase their lending ratios when macroeconomic uncertainty decreases. We demonstrate … that our results are robust with respect to the measurement of macroeconomic uncertainty. The reaction of banks to changes …
Persistent link: https://www.econbiz.de/10005068643
We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In...
Persistent link: https://www.econbiz.de/10011128097
differences in financial factors, which may reflect differences in country risk and the legal and regulatory framework that banks …
Persistent link: https://www.econbiz.de/10008494125
significant differences between the investors which are linked to banks and those financiers which are not. Although, the …
Persistent link: https://www.econbiz.de/10005068684
We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In...
Persistent link: https://www.econbiz.de/10005069154
We put forward a modern version of the 'developmental' view of government-owned banks which shows that the combination … of information asymmetries and weak institutions creates scope for such banks to play a growth-promoting role. We present …-2007 government ownership of banks has been robustly associated with higher long run growth rates. Moreover, we show that previous …
Persistent link: https://www.econbiz.de/10008457139
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently with previous studies, no significant differences in...
Persistent link: https://www.econbiz.de/10010658791
This study assesses the relative performance of Greek equity funds employing a non-parametric method, specifically Data Envelopment Analysis (DEA). Using an original sample of cost and operational attributes we explore the effect of each variable on funds' operational efficiency for an...
Persistent link: https://www.econbiz.de/10004963857
banks has risen sharply, especially among banks in the euro area. Our results suggest that expansionary monetary policy in … the source countries – as measured by the change in reserves held at central banks - has encouraged cross-border lending …
Persistent link: https://www.econbiz.de/10011185763
This paper uses data from a panel of more than 400 Italian banks for the period 2001 – 2012 to examine the main …,signalling) or non-discretionary (related to the business cycle). The results suggest that LLP in Italian banks is driven mainly by … local banks: since their loans are more collateralised, their behaviour is more strongly affected by supervisory activity …
Persistent link: https://www.econbiz.de/10011196045