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Entrepreneurship in Pakistan
Haque, Nadeem Ul - East Asian Bureau of Economic Research (EABER) - 2007
Entrepreneurship is viewed by economists to be a combination of innovation and risk taking. When such activity thrives … benefit form growth and employment as well as throughopportunities for entrepreneurship. In Pakistan innovation and risk … protection and subsidy polic ies determined winners in the market place, entrepreneurship has been diverted to seeking government …
Persistent link: https://www.econbiz.de/10009365347
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Dynamic Provisioning : Some Lessons from Existing Experiences
Santiago Fernández de Lis; Garcia-Herrero, Alicia - East Asian Bureau of Economic Research (EABER) - 2010
After analyzing the different reasons why the financial system and also the regulatory framework induced procyclicality, this paper reviews the experiences of three countries which have introduced dynamic provisioning as a regulatory tool to limit procyclicality. The case of Spainthe country...
Persistent link: https://www.econbiz.de/10009363866
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The Role of Trade Credit for Small Firms : An Implication from Japan’s Banking Crisis
Fukuda, Shin-ichi; Kasuya, Munehisa; Akashi, Kentaro - East Asian Bureau of Economic Research (EABER) - 2007
The purpose of this paper is to investigate the role of trade credit during the banking crisis in Japan. Trade credit is one of the most important sources of short-term external finance for small firms. Previous literature has focused mainly on the substitution of bank loans for trade credit...
Persistent link: https://www.econbiz.de/10009363880
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Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings
Hua, Changchun; Liu, Li-Gang - East Asian Bureau of Economic Research (EABER) - 2010
This paper investigates whether there is any consistency between banks financial strength ratings (bank rating) and their risk-return profiles. It is expected that banks with high ratings tend to earn high expected returns for the risks they assume and thereby have a low probability of...
Persistent link: https://www.econbiz.de/10009365399
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Impact of Financial Reforms on Efficiency of State-owned, Private and Foreign Banks in Pakistan
Burki, Abid A.; Niazi, G.S.K. - East Asian Bureau of Economic Research (EABER) - 2006
This paper uses a unique bank level data from 1991 to 2000 and evaluates how financial reforms affect banking efficiency of domestic and foreign banks in Pakistan. The results suggest that banking efficiency falls during initial reform period when banks adjust to enhanced competition, but...
Persistent link: https://www.econbiz.de/10009365404
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The Role of Convertible Securities in Venture Capital Financing
Chang, Shih-Chung - East Asian Bureau of Economic Research (EABER) - 2009
In this paper we study the role of convertible securities in the financing of start-up enterprises when the entrepreneurs are better informed than the venture capitalists (VCs). We demonstrate that for a well-designed contract the conversion ratio of the securities can be used as a signaling...
Persistent link: https://www.econbiz.de/10009365428
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Financial Regulatory Harmonization in East Asia : Balancing Domestic and International Pressures for Corporate Governance Reforms
Carney, Richard W. - East Asian Bureau of Economic Research (EABER) - 2011
Is the harmonization of financial regulatory regimes possible in East Asia? Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmonization is possible,...
Persistent link: https://www.econbiz.de/10009653146
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Appropriate Financial Instruments for Public-Private Partnership to Boost Cross-Border Infrastructural Development-EU Experience
Geest, Willem van der; Nunez-Ferrer, Jorge - East Asian Bureau of Economic Research (EABER) - 2011
The member states of the European Union (EU) and the EU institutions have increasingly been using public-private partnerships (PPPs) to accelerate the development of (ambitious) trans-national infrastructure. This paper argues that in the EU (i) private sector partners remain risk-averse; and...
Persistent link: https://www.econbiz.de/10009653151
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Financial Regulatory Harmonization in East Asia : Balancing Domestic and International Pressures for Corporate Governance Reforms
Carney, Richard W. - East Asian Bureau of Economic Research (EABER) - 2011
Is the harmonization of financial regulatory regimes possible in East Asia? Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmonization is possible,...
Persistent link: https://www.econbiz.de/10009653193
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Appropriate Financial Instruments for Public-Private Partnership to Boost Cross-Border Infrastructural Development-EU Experience
Geest, Willem van der; Nunez-Ferrer, Jorge - East Asian Bureau of Economic Research (EABER) - 2011
The member states of the European Union (EU) and the EU institutions have increasingly been using public-private partnerships (PPPs) to accelerate the development of (ambitious) trans-national infrastructure. This paper argues that in the EU (i) private sector partners remain risk-averse; and...
Persistent link: https://www.econbiz.de/10009653197