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The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
Pakistan showed a healthy growth rate of 5.6 percent during the entire history and faced many ups and down in the economic growth due to dramatic changes in the political regimes. The literature shows mixed results regarding the impact of autocracy or democracy on economic growth. The aggregate...
Persistent link: https://www.econbiz.de/10008788804
Following the US financial crisis of 2006-2007, the global economy suffered from negative spillover effects of it since fall 2008. In this study, the effects of global financial crsis on Turkish economy (2008-2010) and the macroeconomic performance of the Turkish government (before and) during...
Persistent link: https://www.econbiz.de/10008871316
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
Persistent link: https://www.econbiz.de/10013459233
unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not …
Persistent link: https://www.econbiz.de/10011108214
Banks in Slovakia are under a strong influence of information technologies. These technologies are redesigning the …
Persistent link: https://www.econbiz.de/10011259705
Limitation periods represent a legal safeguard for a person who has once broken the law in order not to be put at risk of sanctions and other legal liabilities for an indefinite amount of time. By contrast, public interest can sometimes require that a person who has committed a serious breach of...
Persistent link: https://www.econbiz.de/10011260810
level, and it holds true to Poland and Slovakia. Although this sector grew most rapidly during the beginning transition … period, it still retains its significant role in the economic growth in both countries - Poland and Slovakia. The aim of … and Slovakia. The main focus of the article is to put on the role of small and medium-sized enterprises in Polish and …
Persistent link: https://www.econbiz.de/10009147607
economy. Especially the role of SMEs in transition economy, both countries Slovakia and Poland, has impact on SMEs …. Entrepreneurship of small and medium-sized enterprises, is extended in the whole Slovakia. From the viewpoint of regional structure … Podkarpackie Region 30. The supporting system for private entrepreneurship in both countries, Slovakia and Poland, is very similar …
Persistent link: https://www.econbiz.de/10009149402