Showing 1 - 10 of 35
This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical economic perspective. By contrast with some proponents of "law and economics" (e.g. La Porta & alii, 1998), we consider that the impact of bankruptcy law on national economic...
Persistent link: https://www.econbiz.de/10010930170
In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This interpretation is founded on an overall investigation into Schumpeter's writings addressing those issues from different perspectives.In section 1, we discuss the widespread...
Persistent link: https://www.econbiz.de/10008788989
crédit est plafonné par la législation. En parallèle, la croissance de la microfinance dans le monde a montré que les … techniques innovatrices peuvent augmenter la disponibilité de crédit, sans augmenter indûment le risque. Néanmoins, cette … croissance de l'accès au crédit peut ne pas se concrétiser si les taux de crédit restent plafonnés par des lois régissant l …
Persistent link: https://www.econbiz.de/10008791616
real per output growth, excess credit, foreign direct investment (FDI) and the current account balance, in the Central and … credit. The results are economically and statistically significant, and robust. …
Persistent link: https://www.econbiz.de/10008792016
Improving access to capital through credit and public spendings is an important step toward development and poverty … shows that deforestation is positively correlated to access to credit and public spendings, which gives some evidence that … natural capital is a complement to credit and public spendings. …
Persistent link: https://www.econbiz.de/10010899772
The growth of socially responsible investment on public financial markets has drawn considerable academic attention over the last decade. Discarding from previous literature, this paper sets up to analyze the Private Equity channel, which is shown to have the potentiality to foster sustainable...
Persistent link: https://www.econbiz.de/10009650054
firms' credit constraints. Access to external finance is a crucial determinant of business expansion. Using firm-level data … support of the notion of a soft budget constraint for public firms. In contrast, private domestic firms appear more credit …
Persistent link: https://www.econbiz.de/10010750475
and credit rationing. …
Persistent link: https://www.econbiz.de/10010750970
domestic firms' credit constraints. Using firm-level data on 1300 domestic companies over the period 2000-2002, we confirm that …
Persistent link: https://www.econbiz.de/10011025983
In this paper we propose a new tool for backtesting that examines the quality of Value-at- Risk (VaR) forecasts. To date, the most distinguished regression-based backtest, proposed by Engle and Manganelli (2004), relies on a linear model. However, in view of the di- chotomic character of the...
Persistent link: https://www.econbiz.de/10009651571