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We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
countries considered are Canada, the U.S., the U.K.. Norway. and Sweden. We are relying on a sample of annual observations from … Canada. and separately, for Norway and Sweden. Finally. we find that only a model which includes institutional change proxies …
Persistent link: https://www.econbiz.de/10012474574
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian … groups driving the growth in top incomes in Canada. A finding more specific to Canada is that the oil and gas sector has also … revolution, scientists, engineers and even computer scientists do not account for much of the growth in top incomes in Canada …
Persistent link: https://www.econbiz.de/10012457321
actions by bank owners to change management, contract with depositors to extend liability maturity structure, write off bad … assets, and/or inject capital affected bank survival and deposit retention. This historical episode is particularly …
Persistent link: https://www.econbiz.de/10013334444
New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...
Persistent link: https://www.econbiz.de/10012473791
. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a … the bank faces a tradeoff between provision of insurance and maintenance of private incentives …
Persistent link: https://www.econbiz.de/10012477783
We study risk management in financial institutions using data on hedging of interest rate and foreign exchange risk. We find strong evidence that institutions with higher net worth hedge more, controlling for risk exposures, both across institutions and within institutions over time. For...
Persistent link: https://www.econbiz.de/10012479649
fragility manifests itself in stronger sensitivity of deposit flows to bank performance. A deterioration in the aggregate … conditions in the banking system makes the fragility within each bank stronger. We run multiple tests to show that depositors …
Persistent link: https://www.econbiz.de/10012481118
Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the...
Persistent link: https://www.econbiz.de/10012459068
the size of the economy, (2) the association between an increase in economic output and an increase in bank development …
Persistent link: https://www.econbiz.de/10012460656