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volatility of growth and profitability are bank-size dependent, and (iii) the relationship between growth and profitability of a … evidence of persistence in bank growth. However, our findings suggest significant persistence in bank profitability. Moreover …This paper investigates (i) whether growth and profitability persist in banking firms, (ii) whether the level and …
Persistent link: https://www.econbiz.de/10003883061
. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional … (US, Europe, Asia/Pacific, the Rest of the World and the Total) and investment types (Buyout & Growth Equity, Venture …
Persistent link: https://www.econbiz.de/10013285647
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012263696
profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the …. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …
Persistent link: https://www.econbiz.de/10011672490
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, which potentially have adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses....
Persistent link: https://www.econbiz.de/10010227253
and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … exhaustion of investment possibilities, but from an overly loose central bank monetary policy that keeps zombie banks and their …
Persistent link: https://www.econbiz.de/10011653595
profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …
Persistent link: https://www.econbiz.de/10011794726
Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the Campbell (1991) decomposition, we are able to estimate...
Persistent link: https://www.econbiz.de/10011754236
quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship …, but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The paper presents … raise real growth and can actually harm some borrowers. …
Persistent link: https://www.econbiz.de/10012383736
Persistent link: https://www.econbiz.de/10008906334