Showing 1 - 10 of 74
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
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
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
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
government, and for the government will be surveyed in turn. Furthermore, postal system privatization will be discussed in terms …
Persistent link: https://www.econbiz.de/10009363882
This paper evaluates the impact of privatization on firm employment using a panel dataset of 386 firms in China in the … the dynamic impact of privatization on employment growth and find that the performance of privatized firms improves over … time. These findings are robust even after we control other performance and financial variables as well as the pre-privatization …
Persistent link: https://www.econbiz.de/10009365342
) with the level of privatization, if the level of privatization is less (more) than certain level. It also shows that … partial privatization is optimal from the social welfare point of view. However, the social welfare maximizing level of … privatization damages the environment most. …
Persistent link: https://www.econbiz.de/10009365368
This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity has emerged as a key risk affecting individuals,...
Persistent link: https://www.econbiz.de/10011278005
This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity has emerged as a key risk affecting individuals,...
Persistent link: https://www.econbiz.de/10011278021
This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity has emerged as a key risk affecting individuals,...
Persistent link: https://www.econbiz.de/10011278170