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Financialisation and tendencies towards stagnation: The role of macroeconomic regime changes in the course of and after the financial and economic crisis 2007-9
Hein, Eckhard - 2017
This paper argues that the re-emergence of stagnation tendencies in modern capitalism can be related to financialisation and its macroeconomic failures leading to the recent crises, and in particular to the macroeconomic responses towards the crisis and the respective regime shifts in mature...
Persistent link: https://www.econbiz.de/10011664316
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Financialisation and stagnation: A macroeconomic regime perspective
Hein, Eckhard - 2020
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic channels of transmission of financialisation-namely, the...
Persistent link: https://www.econbiz.de/10012292734
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Public sector enterprises in India: Enhancing geo-strategic reach and exports
Mukherjee, Arpita; Sarma, Angana Parashar; Barah, Ankita; … - 2020
in international forums such as the WTO and G20 and trade rules on PSEs are being negotiated in several bilateral …/regional trade agreements. India is among the top eight countries in the world with a large number of PSEs that play a key role in … debates on PSEs in different international forums. Based on in-depth meetings with stakeholders, it identifies the challenges …
Persistent link: https://www.econbiz.de/10012625346
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Financialisation, varieties of macroeconomic regimes and stagnation tendencies in a stylised Kaleckian model
Hein, Eckhard - 2022
In this contribution, we review the research on the variety of macroeconomic demand and growth regimes in finance-dominated capitalism, on the regime shifts in the course of and after the 2007-09 crises, the drivers of these shifts and on the emerging stagnation tendencies. Results of this...
Persistent link: https://www.econbiz.de/10013459716
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The Effect of Mergers and Acquisitions on Bank Performance in Egypt
Badreldin, Ahmed Mohamed; Kalhöfer, Christian - 2021
profitability of banks in the Egyptian banking sector. They were only found to have minor positive effects on the credit risk …
Persistent link: https://www.econbiz.de/10013245488
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Does geography matter to bondholders?
Francis, Bill; Hasan, Iftekhar; Waisman, Maya - 2007
We find that the location of corporate headquarters significantly affects the firm’s bondholders. Similar to Loughran and Schultz (2006) and others, who show that investors are better able to obtain information on nearby companies, we look at firms located in large metropolitan cities, small...
Persistent link: https://www.econbiz.de/10010292217
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Considering the shareholder perspective: value-based management systems and stock market performance
Rapp, Marc Steffen; Schellong, Daniel A.; Schmidt, … - 2010
. These excess returns are not jeopardized by poor post-adoption returns. In the analysis, we carefully control for risk and …
Persistent link: https://www.econbiz.de/10010305697
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Common ownership does not have anti-competitive effects in the airline industry
Dennis, Patrick; Gerardi, Kristopher; Schenone, Carola - 2019
Institutional investors often own significant equity in firms that compete in the same product market. These "common owners" may have an incentive to coordinate the actions of firms that would otherwise be competing rivals, leading to anti-competitive pricing. This paper uses data on airline...
Persistent link: https://www.econbiz.de/10012389570
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Disentangling the effect of private and public cash flows on firm value
Scherrer, Cristina Mabel; Fernandes, Marcelo - 2016
This paper presents a simple model for dual-class stock shares, in which common shareholders receive both public and private cash flows (i.e. dividends and any private benefit of holding voting rights) and preferred shareholders only receive public cash flows (i.e. dividends). The dual-class...
Persistent link: https://www.econbiz.de/10011796524
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The (Ir)relevance of Disclosure of Compliance with Corporate Governance Codes-Evidence from the German Stock Market
Nowak, Eric; Rott, Roland; Mahr, Till G. - Institut für Schweizerisches Bankwesen <Zürich> - 2006
This paper studies the short- and long-run announcement effects of declaring compliance with the German Corporate Governance Code (the Code). We examine a unique, hand-collected data set of 317 German listed firms from 2002-2005. First, we present evidence from an analysis of firms compliance...
Persistent link: https://www.econbiz.de/10005858374