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Our study aims at analyzing Islamic bank efficiency over the period 2001-2008. We found that they were efficient at 92 …%. The level of efficiency could however vary according to the region where they operate. Asia displays the highest score … efficiency scores superior to the average. The subprime crisis seems to have impacted those banks indirectly. And market power …
Persistent link: https://www.econbiz.de/10010799078
measure the social efficiency on the one hand and the financial efficiency on the other hand. Our results show that social … efficiency decreases, while financial efficiency increases. Moreover, reforms have a negative impact on social efficiency. Indeed …
Persistent link: https://www.econbiz.de/10010754749
We consider an economy in which the technology exhibits nonconvexities due to fixed costs associated with production. Taking into account the incentives for investment to decrease the fixed costs, we characterize the circumstances under which an underdeveloped economy can catch up with the...
Persistent link: https://www.econbiz.de/10010754838
We examine the long term investment problem, under stochastic interest and inflation rates and incompleteness. Four basic financial assets are available on the financial market: a money market account (the cash), a real consumption good, a financial stock index and a bond with constant maturity....
Persistent link: https://www.econbiz.de/10010778668
In this paper, we study and extend the optimal portfolio positioning
Persistent link: https://www.econbiz.de/10010782099
In this note, we show that the least xed point of the Bellman op- erator in a certain set can be computed by value iteration whether or not the xed point is the value function. As an application, we show one of the main results of Kamihigashi (2014a) with a simpler proof.
Persistent link: https://www.econbiz.de/10010786604
determines crucially portfolio performance, in particular when taking transaction costs into account. We illustrate this feature …
Persistent link: https://www.econbiz.de/10010891042
The relation between company longevity and its performance is undeniable; however the relationship between … sustainability and performance remains the subject of multiple studies which seem to confirm a positive link. But what type of …
Persistent link: https://www.econbiz.de/10010860445
performance des PME. Les caractéristiques du conseil d’administration qui ont été retenues sont la structure, le fonctionnement et … caractérisations retenues influencent la performance. Plus précisément, nos estimations montrent qu’un conseil d’administration qui … augmentation de la performance. Toutefois, un contrôle important assuré par le CA ne permet pas de laisser une marge de manoeuvre …
Persistent link: https://www.econbiz.de/10010860447
goal of this article is to investigate whether Dow Jones Islamic index 100 titans (DJI100) delivers persistent performance … (Market premium, size, Book-to-Market, momentum). Our findings show positive performance for momentum strategy and support the …
Persistent link: https://www.econbiz.de/10010860453