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Modelling bank asset quality and profitability: An empirical assessment

Swamy, Vighneswara - Institut für Weltwirtschaft (IfW) - 2015

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … literature. This paper seeks to study the determinants of bank asset quality and profitability using panel data techniques and … allows them to finish with lower levels of NPAs. Further, this study investigates the effect of determinants on profitability …

Persistent link: https://www.econbiz.de/10011263002

The role of banks: Evidence from Germany and the US

Brichs Serra, Elisabet; Buch, Claudia M.; Nienaber, Thomas - Institut für Weltwirtschaft (IfW) - 1997

In the discussion about the structure and evolution of financial systems, the US separated and the German universal banking system are commonly considered as antipodes. This paper shows that the differences in the role of banks in these two economies are less pronounced than the conventional...

Persistent link: https://www.econbiz.de/10009276345

The inner structure of pyramid and capital structure: Evidence from China

Su, Kun - Institut für Weltwirtschaft (IfW) - 2014

This paper examines the relationship between capital structure and the inner structure of pyramid in an emerging market economy country. The author uses firm-level panel data of Chinese listed companies to analyze the influence of the inner structure of pyramid on capital structure and the...

Persistent link: https://www.econbiz.de/10010956110

Black swans, dragon kings, and Bayesian risk management

Haas, Armin; Onischka, Mathias; Fucik, Markus - Institut für Weltwirtschaft (IfW) - 2013

In the past decades, risk management in the financial community has been dominated by data-intensive statistical methods which rely on short historical time series to estimate future risk. Many observers consider this approach as a contributor to the current financial crisis, as a long period of...

Persistent link: https://www.econbiz.de/10010956151

Access to Finance and Exporting Behavior in Transition Countries

Bernard, Alex; Stabilito, Augusto; Yoo, Julien Donghoon - Institut für Weltwirtschaft (IfW) - 2010

We analyze the link between firms’ access to finance and their decisions to enter and exit the export market. We employ the Business Environment and Enterprise Performance Survey (BEEPS) conducted in 2005 and 2008-2009 to 28 countries in Eastern Europe and Central Asia. We find that more...

Persistent link: https://www.econbiz.de/10010886834

Vertical Integration and Supplier Finance

Kersting, Erasmus; Görg, Holger - Institut für Weltwirtschaft (IfW) - 2014

We investigate the financial implications of a multinational firm’s choice between outsourcing and integration from the perspective of the supplier. Using a simple model, we explore the extent to which an integrated supplier’s access to finance, as well as its sources of funding, change...

Persistent link: https://www.econbiz.de/10010886973

Foreign direct investment, access to finance, and innovation activity in Chinese enterprises

Girma, Sourafel; Gong, Yundan; Görg, Holger - Institut für Weltwirtschaft (IfW) - 2008

A recent, comprehensive database is used to investigate the link between inward foreign direct investment (FDI) and innovation activity in China. The results of the analysis suggest that private and collectively owned firms with foreign capital participation and those with good access to...

Persistent link: https://www.econbiz.de/10010982843

Driving Forces of Venture Capital Investments in Europe: A Dynamic Panel Data Analysis

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2003

Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect...

Persistent link: https://www.econbiz.de/10005755204

How We Might Model a Credit Squeeze, and Draw Some Policy Implications for Responding to It

Sinclair, Peter J. N. - Institut für Weltwirtschaft (IfW) - 2008

This paper endeavours to illustrate the consequences of a credit squeeze by inserting a standard model of retail banks into some familiar macroeconomic models. Some possible policy conclusions are drawn about the benefits of incentives to increase lending at these times, and to reduce it in much...

Persistent link: https://www.econbiz.de/10005083335

Venture Capital Contracts: A survey of the recent literature

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2000

This paper surveys empirical and theoretical studies of various control mechanisms embedded in venture capital contracts. These mechanisms mitigate incentive problems and opportunistic behavior arising in the uncertain environment of financing young high-technology enterprises that predominantly...

Persistent link: https://www.econbiz.de/10005700503