Showing 1 - 10 of 25
investors and private equity managers in order to identify the factors that affect the latter's reputation. Since there are no … individual references about their past returns, the reputation of such players is thought to be linked to their capacity for … obtaining new funds in countries such as Spain. Two groups of variables that might affect reputation are identified: variables …
Persistent link: https://www.econbiz.de/10005212511
This paper analyses a finitely repeated wage bargaining game, where the union's strike decision is endogenous, but there is incomplete information about his striking strategy space. We characterize the equilibrium path and the equilibrium payoff of all Sequential Equilibria, following the...
Persistent link: https://www.econbiz.de/10008542867
interactions, direct and indirect reputation and memory constraints that is crucial for the emergence of cooperation. Taken by …
Persistent link: https://www.econbiz.de/10008500662
This paper analyzes the process of Internet diffusion across the world using a panel of 214 countries during the period … explores the determinants of Internet diffusion and shows that network effects are crucial to explain this process. One … important finding is that the degree of competition in the provision of Internet contributes positively to its diffusion. …
Persistent link: https://www.econbiz.de/10008602639
the efficiency and credit risk. The first of this aspects is based on the incentive to the banks to reduce cost in order … analyzed the effects of competition on the efficiency of banking systems without considering these aspects. The few studies … that attempt to obtainrisk adjusted efficiency measures do not consider that part of the risk is due to exogenous …
Persistent link: https://www.econbiz.de/10005212537
Hypothesis testing and statistical precision in the context of nonparametric efficiency and productivity measurement … noticeable in the case of banking efficiency studies, where the literature is immense. In this paper, we explore productivity … growth and productive efficiency for Spanish savings banks over the (initial) post-deregulation period 1992?1998 using Data …
Persistent link: https://www.econbiz.de/10005212541
The objective of this study is to analyze the macroeconomic performance of 16 Ibero- American countries over the period 1980- 199 1. Macroeconomic performance is defined as the ability of a country's macroeconomic managers to provide four welfare-enhancing economic services to their citizens: a...
Persistent link: https://www.econbiz.de/10005731123
This paper examines the reaction of the Spanish continuous market to the announcement of securitisation operations by listed banks in the period 1993-2003. Results indicate the existence of positive and significant abnormal returns on the day immediately following the announcement date. The...
Persistent link: https://www.econbiz.de/10005731154
contribution to the growth of labor productivity of technical progress, of changes in efficiency, and of the accumulation of inputs …
Persistent link: https://www.econbiz.de/10005731175
This study analyzes the links between efficiency and the decentralization of competencies among Spanish local … municipalities were conferred on more competencies. In addition, the likely efficiency gains from enhanceddecentralization increase …
Persistent link: https://www.econbiz.de/10005812818