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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
the possible repercussions of these on the performance of banks can be avoided only by implementing a solid system of … governance. The main purpose of this article is to determine the impact of governance on the performance of banks, through an … importance incites governments to insure the stability and the good performance of their banking systems. Accordingly, several …
Persistent link: https://www.econbiz.de/10008694021
Shiwakoti et al. (2008) concluded that four of the largest UK mutual societies which converted to listed bank status in … after conversion. All four converting societies have since been subject to ownership change, suggesting that this out-performance … leave unanswered important questions, such as how to measure ‘superior’ performance and the appropriate time frame over …
Persistent link: https://www.econbiz.de/10008592980
measure, enriched with a credit-score-index estimated ad hoc on a representative sample of confidential local bank ratings. A …
Persistent link: https://www.econbiz.de/10011109985
performance. Using a large sample of European listed firms in the period from 2003 to 2011 and system GMM we find a significant … compensation effect on corporate firm performance for the initial negative effect of horizontal multiple directorships by product … mechanism to increase firm performance and thus assure competitive advantages. By contrast, linkages between up- and downstream …
Persistent link: https://www.econbiz.de/10013024843
The main purpose of the paper is to analyze different channels for innovations. We consider the influence of various incentives for innovation in Russian companies taking into account the organization of industries — vertical or horizontal orientation, peculiarities of corporate demography,...
Persistent link: https://www.econbiz.de/10014153492
Training and development is increasingly important to the international hotel industry, especially in China. This paper examines some Chinese four- and five-star hotels’ training and development (T&D) practices from a Western human resource development (HRD) perspective and compares the...
Persistent link: https://www.econbiz.de/10008680997
The main aim of this research study is to establish a relationship between training and development with the human resource productivity of academic institutions in Pakistan. To contributes the proactive approach towards training sessions that leads towards the positive perception and image...
Persistent link: https://www.econbiz.de/10011108489
Clearly, a new agenda is emerging for private international banks. Political issues such as human rights seem to be a … current concern. But what about democracy? What about political regimes? Are they taken into account by private banks when … they decide whether to invest in a country? Put another way, do private banks have democratic political preferences? In …
Persistent link: https://www.econbiz.de/10005835711
This paper analyses the effects of concentration on profitability in the US banking sector from 1994-2005, using bank … relationship between concentration and profitability. Strong support is found for the Structure-Conduct-Performance hypothesis, as … concentration and profitability even when the largest banks are excluded from the sample, suggesting that the relationship between …
Persistent link: https://www.econbiz.de/10005835748