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Corporate Finance in Europe from 1986 to 1996

DELBREIL, Michel; ESTEBAN, Ana; FRIDERICHS, Hans; … - EconWPA - 2000

After publishing its first report in September 1997, the Own Funds Working Group, in agreement with the European Committee of Central Balance Sheet Offices, decided to continue its work in order to gain a better understanding of the differences in financing structures between countries. To this...

Persistent link: https://www.econbiz.de/10005413207

DETERMINANTS OF THE FIRM’S CAPITAL STRUCTURE - THE CASE OF THE VERY SMALL ENTERPRISES

BARBOSA, EVALDO GUIMARÃES; MORAES, CRISTIANA DE CASTRO - EconWPA - 2003

This paper seeks empirically to identify the determinants of the very small firms’ financial leverage. This is important because both these enterprises have been under-researched and research in the area has been troubled by samples biased towards very large enterprises. Results support...

Persistent link: https://www.econbiz.de/10005561667

Size and Efficiency in African Manufacturing Firms:Evidence from Firm-Level Panel Data

Söderbom, Måns; Teal, Francis - EconWPA - 2004

Three dimensions of the performance of firms in Ghana’s manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to a non-homothetic technology. Observable skills are...

Persistent link: https://www.econbiz.de/10005118707

Does firm size really affect earnings?

Söderbom, Måns; Teal, Francis; Wambugu, Anthony - EconWPA - 2004

In this paper we investigate the implications of labour and capital market imperfections for the relationship between firm size and earnings. To establish that such a question is of interest we need to show that the firm size-wage effect cannot be explained by either the observed or unobserved...

Persistent link: https://www.econbiz.de/10005118838

increasing returns and strategic behavior:the worker/firm ratio

vassilakis, spyros - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005134456

Firm size and export performance: some empirical evidence

Gabbitas, Owen; Gretton, Paul - EconWPA - 2003

This paper uses firm level data collected by the Australian Bureau of Statistics in its Business Longitudinal Survey to help fill the information gap about the characteristics of successful exporters. This study suggests that the main influences on export performance of Australian manufacturing...

Persistent link: https://www.econbiz.de/10005062584

Stock Valuation and Investment Strategies

Chen, Zhiwu; Dong, Ming - EconWPA - 2004

This article studies the relative investment performance of several stock-valuation measures. The first is mispricing based on the valuation model developed by Bakshe and Chen (1998)and extended by Dong (1998) (hereafter, the BCD model). The BCD model relates, in closed form, a stock's fair...

Persistent link: https://www.econbiz.de/10005561689

AN EVALUATION OF POST-INDEPENDENCE AGRICULTURAL POLICIES IN RELATION TO ECONOMIC DEVELOPMENT IN NIGERIA(1960 - 1987}

NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2005

AGRICULTURE IN ITS COMMON PARLENCE INCLUDES PRODUCTION, RESEARCH AND TRAINING IN THE FIELDS OF CROPS, FORESTRY, FISHING AND LIVESTOCK. NIGERIAN AGRICULTURE WAS CHARACTERIZED BY LOW FARM INCOMES; LOW CAPACITY LEVEL TO SATISFY FOOD AND FIBRE NEEDS OF THE COUNTRY, AND PRIMITIVE TECHNIQUES OF...

Persistent link: https://www.econbiz.de/10005118780

Monetary policy, credit and aggregate supply: the evidence from Italy

Fiorentini, R.; Tamborini, R. - EconWPA - 2000

This paper relates to the macroeconomic and monetary policy aspects of the so-called "credit channel" of monetary … financed by bank credit, and then we use it to identify the credit transmission mechanism in data drawn from the Italian … economy. We find evidence that the "credit variables" identified by the model, the overnight rate and a measure of credit risk …

Persistent link: https://www.econbiz.de/10005119371

Social Capital and Incentive Compatibility: Modelling the Accumulation and Use of Social Collateral

Mogues, Tewodaj; Carter, Michael R. - EconWPA - 2005

In economics, where the long resistance to reflecting on the effects of social interaction on economic behaviour is slowly waning, the concept of social capital may turn out to be a useful analytical tool. However, initial interest in social capital has produced a large variety of definitions,...

Persistent link: https://www.econbiz.de/10005124878