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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
traces its linkages with the agrarian sector. It uses the context of two developing economies, India and Kenya that were …
Persistent link: https://www.econbiz.de/10008833279
aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is … often highlighted in the literature. However, the probable impact of introducing KAC on CAB in India generally is discussed … theoretically. Though some of the existing studies in India have earlier focused on this research question, they have done so by …
Persistent link: https://www.econbiz.de/10014194754
The purpose of this paper is to examine the progress in socioeconomic conditions across the major states of India by …
Persistent link: https://www.econbiz.de/10014154852
In recent years there has been a rapid and sustained growth of the service sector in the Indian economy. But unfortunately, while the importance of the services is growing statistical data and other relevant information of the services are abysmally low. There are problems relating to the...
Persistent link: https://www.econbiz.de/10014187326
banking crises. Recent findings show that government intervention results in only a small proportion of bank recoveries. This …
Persistent link: https://www.econbiz.de/10011271681
different combinations of bank asset and funding sources and assess their impact on the mortgage crisis. We then estimate how … distinct strategies have affected bank profitability and risk before the crisis, and what impact they have put on the mortgage …
Persistent link: https://www.econbiz.de/10011272695
This paper aims to answer the following question: what is (are) the cause(s) of the severe reduction in bank credits in … period an ultra–expansionary monetary policy has been implemented by the Bank of Japan. A theoretical lending–supply model is …
Persistent link: https://www.econbiz.de/10011260241
banking system took its first step at the end of 1990 when the newly established commercial bank Banca Comerciala Romana (BCR …) took over retail operations performed previously by the National Bank of Romania (NBR). Simultaneously some privately … unfriendly economic environment, the poor quality of bank managers and shareholders and cumbersome legal procedures led to an …
Persistent link: https://www.econbiz.de/10008578237
-tailed distributions; (ii) simple indicators often outperformed more complex metrics in predicting individual bank failure during the … global financial crisis; (iii) when combining information from different indicators to predict bank failure, “fast …
Persistent link: https://www.econbiz.de/10011108668