Showing 1 - 10 of 104
In this paper we investigate the causal relationship between financial development and economic growth. We use an innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests with a sample of 63 industrial and developing...
Persistent link: https://www.econbiz.de/10008793833
Le comité d'audit joue un rôle crucial dans la protection des intérêts des actionnaires et des autres parties prenantes. En effet, son efficacité est subordonnée à ses caractéristiques qui se rapportent essentiellement sur l'indépendance de ses membres, la taille du Comité, la...
Persistent link: https://www.econbiz.de/10010587832
We present a methodology to assess the profitability of a capital intensive industry over a business cycle and to make … projections of profitability for different investment strategies under various hypothetical scenarios for environmental and …
Persistent link: https://www.econbiz.de/10010821134
This paper investigates the relationship between the coexistence of Islamic banks alongside their conventional … Islamic banks and the development of financial intermediation and economic growth. The results also show a negative linkage … between Islamic banks' presence and income inequality and poverty. Moreover, a greater market share of Islamic banks is …
Persistent link: https://www.econbiz.de/10010930211
This paper investigates the link between export survival of agri-food products and financial development. Our hypothesis is that financial developement differentially affects the survival of exports across products based on their need of external finance. We propose a test for the role of...
Persistent link: https://www.econbiz.de/10009643219
This paper shows that utility differences between the self-employed and employees increase with financial development. This effect is not explained by increased profits but by an increased value of non-monetary benefits, in particular job independence. We interpret these findings by building a...
Persistent link: https://www.econbiz.de/10009647496
The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....
Persistent link: https://www.econbiz.de/10010549101
trade credit, particularly access to bank credit, size, age and the quality of the firm's financial structure. We show that … the difficulty of gaining acces to bank credit positively influences the use of trade credit, and thus demonstrate the … substitutability of bank credit and trade credit. Besides, firm's non-financial characteristics, namely age and size do not influence …
Persistent link: https://www.econbiz.de/10010605305
This paper focuses on the relationships between remittances and the share of individuals working for less than 2$ US per day. It is based on an original panel dataset containing information related to remittances in about 80 developing countries and to the number of workers being paid less than...
Persistent link: https://www.econbiz.de/10010605327
This paper shows that utility differences between the self-employed and the employees increase with financial development. This effect is not explained by increased profits but by an increased value of non- monetary benefits, in particular job independence. We interpret these findings by...
Persistent link: https://www.econbiz.de/10010738704