Showing 1 - 10 of 342
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
approach is illustrated by an application to data coming from the bank sector in USA. …
Persistent link: https://www.econbiz.de/10011107848
The paper deals with the foreign penetration in the capital of bank sector in the countries in Central and Eastern …, international and local claims of all banks reporting to Bank for International Settlements in relation with Central and Eastern …
Persistent link: https://www.econbiz.de/10005621282
The integration process in the European banking sector considerably differs with regard to product types. Deep …
Persistent link: https://www.econbiz.de/10013136603
The volume of work on productivity effects of research and development (R&D) investment has expanded significantly following the contributions of Zvi Griliches and others to microeconometric work in late 1970s and early 1980s. This study aims to meta-analyse the research findings based on OECD...
Persistent link: https://www.econbiz.de/10011108956
Several factors have been highlighted to explain the controversial effect of exchange rate uncertainty on international trade. However, the empirical evidence is rather mixed. The main focus of this paper is to reconcile the apparently conflicting results from 59 studies published between 1984...
Persistent link: https://www.econbiz.de/10011110485
One learns two main lessons from studying the great quantity of banking efficiency literature. These lessons regard the … lower levels of banking efficiency than nonparametric studies. This holds true even after controlling for the approach used … in selecting the inputs and outputs of the frontier. Secondly, we show that banking efficiency is highest when using the …
Persistent link: https://www.econbiz.de/10011110871
Our society faces many risks that affect human life. Cost-benefit analysis is a very popular project-evaluation tool for reducing these social risks. The government has to set projects or regulations whose benefits will outweigh costs. It is quite easy to evaluate costs but how to evaluate the...
Persistent link: https://www.econbiz.de/10011111759
The renewable energy consumption-economic growth nexus is a growing area of research over the last few years, emanating to mixed results. The aim of the current study is to quantitatively synthesise the empirical literature on the subject using the meta-analysis approach. In particular, a...
Persistent link: https://www.econbiz.de/10011260717
Food security and nutrition have become central to the policy agendas of governmental and non-governmental organizations due to their consequences on health and economic development. Changes in consumption patterns in response to price and income changes could impact on nutrient intake with...
Persistent link: https://www.econbiz.de/10011264815