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Banken, instituties en zachte budgetbeperkingen tijdens de transitie
Haas, Ralph de - EconWPA - 2002
De juridische bescherming van banken en aandeelhouders beïnvloedt de omvang en kwaliteit van het financiële systeem en daarmee de economische groei. Gebrekkige (juridische) instituties in transitie-economieën kunnen de economische ontwikkeling van deze landen dan ook afremmen. Zo dragen...
Persistent link: https://www.econbiz.de/10005413152
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Liquidation Triggers and the Valuation of Equity and Debt
Galai, Dan; Raviv, Alon; Wiener, Zvi - EconWPA - 2003
Net-worth covenants, as introduced by Black and Cox (1976), provide the firm’s bondholders with the right to force reorganization or liquidation if the value of the firm falls below a certain threshold. In the event of default, however, many bankruptcy codes stipulate an automatic stay of...
Persistent link: https://www.econbiz.de/10005561605
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Optimal Capital Structure and Industry Dynamics
Miao, Jianjun - EconWPA - 2003
This paper presents an equilibrium model of industry dynamics and capital structure decisions. The unique stationary equilibrium is derived in closed-form. The analysis reveals that the interaction between capital structure and production decisions influences the stationary distribution of...
Persistent link: https://www.econbiz.de/10005134424
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The U-shaped Investment Curve: Theory and Evidence
Cleary, Sean; Povel, Paul; Raith, Michael - EconWPA - 2003
This paper examines how the investment of financially constrained firms varies with their level of internal funds. We develop a theoretical model of optimal investment under financial constraints. Our model endogenizes the costs of external funds and allows for negative levels of internal funds....
Persistent link: https://www.econbiz.de/10005413170
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An Analysis of the Profitability, Risk and Growth Indicators of Banks Operating In Malta
Camilleri, Silvio John - EconWPA - 2005
The paper consolidates the summarised financial statements of the main banks operating in Malta during the year 2002 …
Persistent link: https://www.econbiz.de/10005561713
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What Bulgarian Banks offer via Internet: an Overview (v2)
Bojinov, Bojidar - EconWPA - 2003
expansion of the Bulgarian banks is at its beginning. The showed results are based on the Internet research, which has aimed to … describe actual picture of Bulgarian banks present in Internet. …
Persistent link: https://www.econbiz.de/10005561755
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
of the relative health of community banks on economic growth and investigating potential transmission mechanisms for … market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic … performance, and that the marginal benefits of larger shares are greater when the banks are more efficient. Only mixed support is …
Persistent link: https://www.econbiz.de/10005561768
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Automation and Management Accounting in British Manufacturing and Retail Financial Services, 1945-1968
Batiz-Lazo, Bernardo; Boyns, Trevor - EconWPA - 2003
in major building societies during the dawn of the computer era. Reference to similar developments in clearing banks …
Persistent link: https://www.econbiz.de/10005124974
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
of the relative health of community banks on economic growth and investigating potential transmission mechanisms for … market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic … performance, and that the marginal benefits of larger shares are greater when the banks are more efficient. Only mixed support is …
Persistent link: https://www.econbiz.de/10005134638
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An approach to bank insolvency in transition and emerging economies
Mayes, David G. - EconWPA - 2004
banks that are in trouble through prompt corrective action and if necessary resolving them if their net worth falls to zero …
Persistent link: https://www.econbiz.de/10005134654