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Cashing in for Growth: Corporate Cash Holdings as an Opportunity for Investment in Japan
Sher, Galen - International Monetary Fund (IMF) - 2014
Over the last two decades, cash holdings in nonfinancial firms around the world have increased. This phenomenon is …-sustaining growth based on private consumption and investment. This paper finds that Japanese nonfinancial firms have accumulated cash … at the expense of investment and dividends, hampering this transition. The evidence suggests that cash accumulation is …
Persistent link: https://www.econbiz.de/10011142082
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Public Financial Institutions in Developed Countries; Organization and Oversight
Ratnovski, Lev; Narain, Aditya - International Monetary Fund (IMF) - 2007
countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in …, regulatory capacity, and government accountability and effectiveness, may be required in developing countries. Further investment …
Persistent link: https://www.econbiz.de/10005826304
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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding …
Persistent link: https://www.econbiz.de/10005826048
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Unstash the Cash! Corporate Governance Reform in Japan
Aoyagi, Chie; Ganelli, Giovanni - International Monetary Fund (IMF) - 2014
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069
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Reforming the Corporate Governance of Italian Banks
Jassaud, Nadège - International Monetary Fund (IMF) - 2014
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...
Persistent link: https://www.econbiz.de/10010959465
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Russian Federation: 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights that real GDP growth in Russia has slowed, amid weak investment and …
Persistent link: https://www.econbiz.de/10011245332
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Russian Federation; Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
of money and the crisis. Foreign investment banks report that US$20 billion of foreign investment exited the markets …
Persistent link: https://www.econbiz.de/10011245383
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Contingent Capital; Economic Rationale and Design Features
Pazarbasioglu, Ceyla; Zhou, Jian-Ping; Leslé, Vanessa Le; … - International Monetary Fund (IMF) - 2011
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
Persistent link: https://www.econbiz.de/10011245888
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Macro Effects of Corporate Restructuring in Japan
Kim, Se-Jik - International Monetary Fund (IMF) - 2003
This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of...
Persistent link: https://www.econbiz.de/10005248188
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Germany's Corporate Governance Reforms; Has the System Become Flexible Enough?
Odenius, Jürgen - International Monetary Fund (IMF) - 2008
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of...
Persistent link: https://www.econbiz.de/10005263885