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Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms' product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing...
Persistent link: https://www.econbiz.de/10012950405
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United …
Persistent link: https://www.econbiz.de/10013110090
We identify key factors, from large set of potential determinants, that explain the variation in export diversification … diversification, followed by improving education outcomes at the secondary level andfinancial sector development …
Persistent link: https://www.econbiz.de/10012868473
, such as lower educational enrollment rates for girls than for boys, harm diversification by constraining the potential pool …
Persistent link: https://www.econbiz.de/10012977824
support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …
Persistent link: https://www.econbiz.de/10013045261
question by proposing a new cross-country tax revenue diversification index (RDI). The RDI builds on the Theil index, and … unlike the few existing tax diversification indices, which are constructed only at the state level for the US, is computed at … revenue diversification reduces tax revenue volatility, thus bringing to the data long-held views about the prominence of tax …
Persistent link: https://www.econbiz.de/10012828219
determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our …
Persistent link: https://www.econbiz.de/10013305639
This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data,compared with previous...
Persistent link: https://www.econbiz.de/10012961473
There is relatively little literature that analyses the role, functions, and organization of finance ministries. The purpose of this working paper is to review international experiences in this area, in an effort to formulate guiding principles of organizational design and the allocation of...
Persistent link: https://www.econbiz.de/10013002149
The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how the...
Persistent link: https://www.econbiz.de/10013243068