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The Allocation of Economic Capital in Opaque Financial Conglomerates
Mierzejewski, Fernando - 2009
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
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Knock-on effect of non-manufacturing regulation on manufacturing sectors efficiency and productivity
Fioramanti, Marco - Volkswirtschaftliche Fakultät, … - 2011
Since the mid of nineties European countries are registering an anemic growth of economic activity, in large part due to the dynamic of productivity. In 2010 the European Council adopted a new Agenda, Euro2020, which aim is to boost growth also improving European competitiveness. Regulation is...
Persistent link: https://www.econbiz.de/10009226952
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Corporate governance, market competition and investment decisions in Mexican manufacturing firms
Ruiz-Porras, Antonio; Lopez-Mateo, Celina - Volkswirtschaftliche Fakultät, … - 2011
We study how competition and corporate governance may explain investment decisions of Mexican manufacturing firms. We … ownership and control), and market competition may encourage investment decisions. Furthermore they suggest an inverse … relationship between market competition and agency costs. We believe that our findings support the hypothesis that competition may …
Persistent link: https://www.econbiz.de/10008804693
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Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition
Bischoff, Oliver - 2015
market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …
Persistent link: https://www.econbiz.de/10013024843
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Public Financial Management in Indonesia : Review of Islamic Public Finance
Jaelani, Aan - 2017
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
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Degrowth and sustainable public finance
Pasche, Markus - 2018
Persistent link: https://www.econbiz.de/10013459233
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Measuring relative efficiency of secondary education in selected EU and OECD countries: the case of Slovenia and Croatia
Aristovnik, Aleksander; Obadić, Alka - Volkswirtschaftliche Fakultät, … - 2014
This article continues on a number of previous studies by other scientists in investigating secondary education efficiency by applying a non-parametric methodology. In this respect, the purpose of the article is to review some previous studies on measuring the efficiency of public (secondary)...
Persistent link: https://www.econbiz.de/10011267849
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Pollution and economic growth: a maximum likelihood estimation of environmental Kuznets curve
Auci, Sabrina; Castelli, Annalisa - Volkswirtschaftliche Fakultät, … - 2011
As in Brock and Taylor (2011) in this paper we consider the importance of the relationship between the Environmental Kuznets Curve (EKC) Literature and the Economic Growth Theories. To address this issue we construct country production functions that directly incorporate CO2 emissions as input...
Persistent link: https://www.econbiz.de/10011259239
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Measuring Italian university efficiency: a non-parametric approach
Monaco, Luisa - Volkswirtschaftliche Fakultät, … - 2011
This work analyses the performance of Italian universities taking into account technical efficiency. The study provides an assessment of levels of technical efficiency taking into account also environmental factors. We focus on the relationship between levels of technical efficiency and...
Persistent link: https://www.econbiz.de/10011259512
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Analiza eficienţei activităţii de cercetare dezvoltare inovare prin metoda DEA
Roman, Monica; Suciu, Christina - Volkswirtschaftliche Fakultät, … - 2012
By this paper we intend to analyze the existing gap in the efficiency of R&D investment, at European level. The method employed in this respect is Data Envelopment Analysis (DEA). The evaluation of the performance in R&D in European countries, in terms of technical efficiency (TE) thus...
Persistent link: https://www.econbiz.de/10011261115