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Usage of Financial Services in South Africa: Perceptions Matter
Kostov, Philip; Arun, Thankom; Annim, Samuel - 2013
This study investigates the access to and usage of financial services in South Africa. Financial services are … the interactions between usage of different types of financial services, we use multivariate simultaneous probit … specification to examine the effect of financial perception. Our results suggests that after controlling for endogeneity of choices …
Persistent link: https://www.econbiz.de/10010328955
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Effect of perceptions and behaviour on access to and use of financial service: Evidence from South Africa
Annim, Samuel Kobina; Arun, Thankom; Kostov, Philip - 2012
This study investigates the effect of financial perception and behaviour on; (a) general accounts and services, (b … three estimations support the hypothesis that financial perception has a greater effect on the decision to access and use … general accounts and services. The cross section and pooled models confirm the hypothesis that the effect of financial …
Persistent link: https://www.econbiz.de/10010291318
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Effect of Perceptions and Behaviour on Access to and Use of Financial Service: Evidence from South Africa
Annim, Samuel; Arun, Thankom Gopinath; Kostov, Philip - Institute for the Study of Labor (IZA) - 2012
This study investigates the effect of financial perception and behaviour on; (a) general accounts and services, (b … three estimations support the hypothesis that financial perception has a greater effect on the decision to access and use … general accounts and services. The cross section and pooled models confirm the hypothesis that the effect of financial …
Persistent link: https://www.econbiz.de/10010766375
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Usage of Financial Services in South Africa: Perceptions Matter
Kostov, Philip; Arun, Thankom Gopinath; Annim, Samuel - Institute for the Study of Labor (IZA) - 2013
This study investigates the access to and usage of financial services in South Africa. Financial services are … the interactions between usage of different types of financial services, we use multivariate simultaneous probit … specification to examine the effect of financial perception. Our results suggests that after controlling for endogeneity of choices …
Persistent link: https://www.econbiz.de/10010766378
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Real Estate Prices and Corporate Investment: Theory and Evidence of Heterogeneous Effects across Firms
Fougère, Denis; Lecat, Rémy; Ray, Simon - 2018
In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels. An...
Persistent link: https://www.econbiz.de/10011984567
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Foreign Competition and Executive Compensation in the Manufacturing Industry: A Comparison between Germany and the U.S.
Dyballa, Katharina; Kraft, Kornelius - 2018
In this study we use import penetration as a proxy for foreign competition in order to empirically analyze (1) the impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S and (3) whether the impact of import penetration is driven by...
Persistent link: https://www.econbiz.de/10011931678
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Executive compensation, firm performance, and corporate governance in China: evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao; Long, Cheryl - 2005
comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive …
Persistent link: https://www.econbiz.de/10010267302
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Executive compensation, firm performance, and chaebols in Korea: evidence from new panel data
Kato, Takao; Kim, Woochan; Lee, Ju Ho - 2005
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10010267324
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Not so lucky any more: CEO compensation in financially distressed firms
Kang, Qiang; Mitnik, Oscar A. - 2008
examining the CEO compensation of U.S. public companies that were ever in financial distress between 1992 and 2005. Using a bias …-corrected matching estimator that estimates the causal effects of financial distress, we find that, for the distressed firms, CEO … induced by a tightening in the outrage constraint due to the episode of financial distress. …
Persistent link: https://www.econbiz.de/10010269077
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Investor protection and the value of shares: evidence from statutory rules governing variations of shareholders' class rights in Russia
Muravyev, Alexander - 2009
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10010269433