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market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity. …
Persistent link: https://www.econbiz.de/10011240255
well as endogenous intensity of competition: firms in high risk industries reduce their riskiness by competing less than …
Persistent link: https://www.econbiz.de/10009397195
We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data from the US …
Persistent link: https://www.econbiz.de/10008642702
This paper presents a model of labour supply determination under job competition. In the presence of a positive rate of … offered wage, maximises utility. There is a unique strictly positive degree of job competition that is consistent with the … optimal allocation. If labour supply is upward-sloping, increasing job competition raises the equilibrium level of activity …
Persistent link: https://www.econbiz.de/10009644927
The scope of this article is to point out how the present financial crisis is affecting the European payments landscape and the Single Euro Payments Area implementation. The current unpredictable and very challenging market situation has not fundamentally changed the fact that payment services...
Persistent link: https://www.econbiz.de/10008835354
We solve an agent's optimization problem of meeting demands for cash over time with cash deposited in bank or invested in stock. The stock pays dividends and uncertain capital gains, and a commission is incurred in buying and selling of stock. We use a stochastic maximum principle to obtain...
Persistent link: https://www.econbiz.de/10008567676
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in …
Persistent link: https://www.econbiz.de/10005835229
This study evaluates the impact family ownership on the firm‟s performance for the period of 2004 to 2009 considering a sample 29 manufacturing firms listed at KSE-100 index in the Pakistani capital market. The dependent variable is performance which is measured by ROA, ROE and Q of the sample...
Persistent link: https://www.econbiz.de/10011258914
This paper not only addresses how linkages, direct and facilitating linkages, can benefit microfinance institutions – and particularly in jurisdictions where the Savings Group Outreach involvement is particularly low, but also illustrates ways and means whereby group lending and other more...
Persistent link: https://www.econbiz.de/10011259552
This paper not only addresses how linkages, direct and facilitating linkages, can benefit microfinance institutions – and particularly in jurisdictions where the Savings Group Outreach involvement is particularly low, but also illustrates ways and means whereby group lending and other more...
Persistent link: https://www.econbiz.de/10011260028