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Decentralization for improving the provision of public services in developing countries : a critical review
Dick-Sagoe, Christopher - In: Cogent economics & finance 8 (2020) 1, pp. 1-13
Decentralisation, which sends power and resources from the Central to local governments, comes with several theoretical promises. One such promise is the improvement in local service provision. However, achieving these theoretical promises of decentralization has been a big challenge in most...
Persistent link: https://www.econbiz.de/10013179512
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Macro-determinants of short-term foreign debt in Ghana
Brafu-Insaidoo, William Gabriel; Ahiakpor, Ferdinand; … - In: Cogent economics & finance 7 (2019) 1, pp. 1-17
economy like Ghana. This study employs a time series econometric analysis of annual secondary data covering the period 1970 to … the theoretical and empirical literature-on the real stock of short-term foreign debt in Ghana. The study finds that a …
Persistent link: https://www.econbiz.de/10012024039
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Reducing poverty through fiscal decentralization in Ghana and beyond : a review
Agyemang-Duah, Williams; Gbedoho, Evans Kafui; Peprah, … - In: Cogent economics & finance 6 (2018) 1, pp. 1-14
universal plague of poverty reduction in developing economies. Focusing on developing economies especially Ghana, and also …
Persistent link: https://www.econbiz.de/10011905247
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Financial literacy, financial inclusion and participation of individual on the Ghana stock market
Akakpo, Agnes Akpene; Amidu, Mohammed; Coffie, William; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-30
This paper examines the impact of financial literacy and financial inclusion on stock market participation in Ghana. It … employs a sample of 1,966 respondents across the 10 regions of Ghana for the year 2018. We employ biprobit models to estimate … support previous findings that financial literacy is not a determinant of stock market participation in Ghana. Third …
Persistent link: https://www.econbiz.de/10013463121
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Tax efforts and tax evasion-economic development Nexus : does institutional quality matter?
Amoh, John Kwaku; Ofori-Boateng, Kenneth; Nsor-Ambala, … - In: Cogent economics & finance 11 (2023) 2, pp. 1-16
effect of institutional quality on moderating the nexus in Ghana. The maximum likelihood (ML) estimation and structural … evasion in Ghana in order to influence economic development. The findings imply that the idea that tax evasion is bad for an …
Persistent link: https://www.econbiz.de/10014503071
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Trade-off-theory vs. pecking order theory and the determinants of corporate leverage : evidence from a panel data analysis upon French SMEs (2002 - 2010)
Adair, Philippe; Adaskou, Mohamed - In: Cogent economics & finance 3 (2015) 1, pp. 1-11
We test the assumptions of trade-off theory (TOT) and pecking order theory (POT) regarding corporate leverage. The dependent variable being the debt ratio, we apply a linear model upon a balanced panel data-set of 2,370 French SMEs over the period 2002 - 2010. In accordance to TOT, trade credit...
Persistent link: https://www.econbiz.de/10010492381
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Testing capital structure theories using error correction models : evidence from China, India, and South Africa
Kannadhasan, M.; Thakur, Bhanu Pratap Singh; Gupta, … - In: Cogent economics & finance 6 (2018) 1, pp. 1-19
The objective of this study is to empirically examine the capital structure theories that can explain the capital structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure theories as a stand-alone basis as well as an...
Persistent link: https://www.econbiz.de/10011901881
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Mechanism of formation of the company optimal capital structure, different from suggested by trade off theory
Brusov, Petr N.; Filatova, Tatiana; Orekhova, Natali - In: Cogent economics & finance 2 (2014) 1, pp. 2-13
Under condition of proved by us insolvency of well-known classical trade off theory it becomes important to identify mechanisms for forming the optimal capital structure of a company. This paper presents one of the real such mechanisms based on the decrease of debt cost with leverage, which is...
Persistent link: https://www.econbiz.de/10010490514
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Market power versus capital structure determinants : do they impact leverage?
Jahanzeb, Agha; Norkhairul Hafiz Bajuri; Ghori, Aisha - In: Cogent economics & finance 3 (2015) 1, pp. 2-9
The purpose of this study is to investigate the association between market power and capital structure. This study will further provide a logical explanation towards the factors affecting capital structure. This study analysed 176 non-financial Pakistani companies listed on Karachi Stock...
Persistent link: https://www.econbiz.de/10010492414
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Financial contracting and misreporting with limited enforcement, firm financing and growth
Adama, Adams Sorekuong Yakubu - In: Cogent economics & finance 8 (2020) 1, pp. 1-24
This article employs a dynamic stochastic general equilibrium framework to examine asymmetric information and limited contract enforcement in financial markets, where firms have access to both internal and external sources of finance. It considers limited enforcement of financial contract in the...
Persistent link: https://www.econbiz.de/10012219504