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Intro -- Contents -- I. INTRODUCTION -- II. THEORIES OF CORPORATE FINANCE -- III. CORPORATE FINANCING PATTERNS AROUND THE WORLD -- IV. THE STOCK MARKET IN GHANA -- V. METHODOLOGY -- VI. EMPIRICAL RESULTS -- VII. THE RESULTS IN COMPARATIVE PERSPECTIVE -- VIII. SUMMARY AND CONCLUSIONS -- APPENDIX...
Persistent link: https://www.econbiz.de/10012691158
China's equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese …
Persistent link: https://www.econbiz.de/10015059718
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …
Persistent link: https://www.econbiz.de/10009618582
pension liabilities during the reform's transition period, a pension privatization reform may transform IPD int …
Persistent link: https://www.econbiz.de/10012677645
Intro -- Contents -- I. INTRODUCTION -- II. BRIEF REVIEW OF RESEARCH ON EL SALVADOR'S RECEIPTS OF REMITTANCES -- III. STYLIZED FACTS OF EL SALVADOR'S ECONOMY, 1995-2004 -- IV. MODEL SPECIFICATION AND DATA ISSUES -- V. EMPIRICAL EVIDENCE: TRANSMISSION MECHANISM -- VI. CONCLUSIONS AND ECONOMIC...
Persistent link: https://www.econbiz.de/10012691067
to prevent and treat corporate and household over-indebtedness, benchmarking those in ASEAN-5, China, India, Japan and …
Persistent link: https://www.econbiz.de/10014408871
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic...
Persistent link: https://www.econbiz.de/10009706780
The global financial crisis has reopened the debate on the potential spillover effects from the financial sector to the real economy. This paper adds to that debate by providing new evidence on the link between finance and firm-level productivity, focusing on the case of Estonia. We contribute...
Persistent link: https://www.econbiz.de/10012677759
This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as a proxy for excusable versus inexcusable default behaviour and used to evaluate the costs of default...
Persistent link: https://www.econbiz.de/10012677723
We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades. We find that the share of these unproductive and unviable firms has been rising worldwide, especially since the GFC and the Covid-19...
Persistent link: https://www.econbiz.de/10015059333