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The Case of the Errant Executive : Management, Control and Firm Size in Corporate Cheating
Guha, Brishti - East Asian Bureau of Economic Research (EABER) - 2005
Firm insiders a manager and a board face moral hazard in relation to their outside shareholders in a repeated game with asymmetric information and stochastic market outcomes. The manager determines whether or not outsiders are cheated; the board, whose objectives differ from those of outside...
Persistent link: https://www.econbiz.de/10009363724
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Conflict in Cross Border Mergers Effect of Firm and Market Size
Mehra, Poonam - East Asian Bureau of Economic Research (EABER) - 2008
This paper tries to analyze the interrelationship between possibilities of conflict in cross border mergers and acquisitions and firm and market characteristics in a two country three firm model. We show that in general an increase in asymmetry across firms reduces the possibility of conflict...
Persistent link: https://www.econbiz.de/10009365327
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Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms
Jinjarak, Yothin; Mutuc, Paulo Jose; Wignaraja, Ganeshan - East Asian Bureau of Economic Research (EABER) - 2014
access to credit, based on a survey sample comprising observations of 8,080 small and medium enterprises (SMEs) (with fewer … interdependent relationships between export participation, firm size, and access to credit. SMEs participating in export markets tend … to gain more access to credit, while potential scale economies (firm sizes) of SMEs are positively associated with …
Persistent link: https://www.econbiz.de/10010901622
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Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms
Jinjarak, Yothin; Mutuc, Paulo Jose; Wignaraja, Ganeshan - East Asian Bureau of Economic Research (EABER) - 2014
access to credit, based on a survey sample comprising observations of 8,080 small and medium enterprises (SMEs) (with fewer … interdependent relationships between export participation, firm size, and access to credit. SMEs participating in export markets tend … to gain more access to credit, while potential scale economies (firm sizes) of SMEs are positively associated with …
Persistent link: https://www.econbiz.de/10010901625
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Investing in Real Estate : Mortgage Financing Practices and Optimal Holding Period
Koh, Winston T.H.; Ng, Edward H.K. - East Asian Bureau of Economic Research (EABER) - 2005
Real estate investments are typically characterized by high degrees of leverage and long loan tenures. In perfect capital markets, leverage has no impact on the investment decision apart from tax considerations. However, the mortgage financing market is imperfect in many countries. In the...
Persistent link: https://www.econbiz.de/10009363860
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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 Euro After Its First Decade : Weathering the Financial Storm and Enlarging the Euro Area
Regling, Klaus; Deroose, Servaas; Felke, Reinhard; … - East Asian Bureau of Economic Research (EABER) - 2010
The first decade of economic and monetary union in Europe (EMU) has been a huge success. EMU has significantly benefited its member countries and accelerated the European integration process. Imbalances within EMUdifferences in growth, inflation, competitiveness, current account and budget...
Persistent link: https://www.econbiz.de/10009363273
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Impacts of Current Global Economic Crisis on Asia’s Labor Market
Huynh, Phu; Kapsos, Steven; Kim, Kee Beom; Sziraczki, Gyorgy - East Asian Bureau of Economic Research (EABER) - 2010
The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the Pacific as well as national policy responses to the crisis. It draws on recent macroeconomic, trade, production, investment, and remittances data to assess the employment and...
Persistent link: https://www.econbiz.de/10009363328
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The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
Aizenman, Joshua; Chinna, Menzie D.; Ito, Hiro - East Asian Bureau of Economic Research (EABER) - 2010
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10009363366
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Global Financial Crisis : Impact on Singapore and ASEAN
Thangavelu, Shandre M. - East Asian Bureau of Economic Research (EABER) - 2008
Despite creating a record of number of jobs in 2007 and 2008 (237,000 jobs in 2007 and 202,400 jobs in the first three quarters of 2008) and averaging a growth rate of nearly 10 percent from 2004 to 2007, Singapore was the first East Asian country to fall into a recession from the current global...
Persistent link: https://www.econbiz.de/10009363684