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Institutional Inertia
Valderrama, Laura - 2009
We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on technology choice is used to influence the later vote on the...
Persistent link: https://www.econbiz.de/10014402460
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Bank Ownership, Market Structure and Risk
De Nicoló, Gianni - 2007
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These predictions are explored empirically using a panel of...
Persistent link: https://www.econbiz.de/10014400121
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Confidence as a driver of private investment in selected countries of Central America
Janada, Carlos Alfredo; Teodoru, Iulia Ruxandra - 2020
This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence … relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in …, including a set of investment drivers (interest rates, unit labor costs, and confidence) is analyzed. The findings suggest that …
Persistent link: https://www.econbiz.de/10012485965
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Barriers to household risk management : evidence from India
Cole, Shawn; Giné, Xavier; Tobacman, Jeremy; Topalova, … - 2012
Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is...
Persistent link: https://www.econbiz.de/10012694089
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Bank ownership and the effects of financial liberalization : evidence from India
Gupta, Poonam; Kochhar, Kalpana; Panth, Sanjaya - 2011
Persistent link: https://www.econbiz.de/10009486189
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Integrated ownership and control in the GCC corporate sector
Santos, André Oliveira - 2015
The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public...
Persistent link: https://www.econbiz.de/10011373923
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Do FDI firms employ more workers than domestic firms for each dollar of assets?
Ando, Sakai; Wang, Mengxue - 2020
This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic firms tend to employ more workers per asset than FDI firms. The result remains...
Persistent link: https://www.econbiz.de/10012251327
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Bank ownership : trends and implications
Cull, Robert J.; Martínez Pería, María Soledad; … - 2017
This paper presents recent trends in bank ownership across countries and summarizes the evidence regarding the implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The evidence reviewed suggests that foreign-owned banks are...
Persistent link: https://www.econbiz.de/10011716742
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Understanding the use of long-term finance in developing economies
Martínez Pería, María Soledad; Schmukler, Sergio L. - 2017
This short paper reviews recent literature on the use of long-term finance in developing economies (relative to advanced ones) to identify where long-term financing occurs, and what role different financial intermediaries and markets play in extending this type of financing. Although banks are...
Persistent link: https://www.econbiz.de/10011671079
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Bank ownership and credit growth in emerging markets during and after the 2008 – 09 financial crisis : a cross-regional comparison
Chen, Guodong; Wu, Yi - 2014
Persistent link: https://www.econbiz.de/10010441777