Showing 1 - 10 of 1,416
In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...
Persistent link: https://www.econbiz.de/10003941710
Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011308423
Employee resistance against innovations is a virulent phenomenon and there is a broad theoretical literature on its determinants. The empirical evidence is scarce, however, and mainly provides descriptive evidence on the incidence of the phenomenon and concentrates on the effectiveness of change...
Persistent link: https://www.econbiz.de/10011444923
The impact of micro-credit interventions on existing credit markets is theoretically ambiguous. Previous empirical work suggests the entry of a joint-liability lender may lead to a positive impact on the informal lending rate. This paper presents the first randomized controlled trial-based...
Persistent link: https://www.econbiz.de/10012959136
Microfinance is generally seen as a way to fix credit markets and unleash the productive capacities of poor people who … are dependent on self-employment. The microfinance sector has grown quickly since the 1990s, paving the way for other …, generating a backlash against microfinance. This paper reconsiders the claims about microfinance, highlighting the diversity in …
Persistent link: https://www.econbiz.de/10012942940
"The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence," by David Roodman and Jonathan Morduch (2014) (henceforth RM) is the most recent of a sequence of papers and web postings that seeks to refute the findings of the Pitt and Khandker (1998; henceforth PK) article "The...
Persistent link: https://www.econbiz.de/10012973426
This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics have argued in recent years. Analysis of data from a long panel survey over a 20-year period confirms this is not the case, although numerous participants have been with...
Persistent link: https://www.econbiz.de/10012974490
"The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence," by David Roodman and Jonathan Morduch (2011) is the most recent of a sequence of papers and postings that seeks to refute the findings of the Pitt and Khandker (1998) article "The Impact of Group-Based Credit on Poor...
Persistent link: https://www.econbiz.de/10012974814
Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a … program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a … microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets …
Persistent link: https://www.econbiz.de/10012976509
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put on legal and regulatory changes that were made in response to the financial market crisis. The paper shows that the changes mainly focus on the remuneration of managers and on...
Persistent link: https://www.econbiz.de/10003919056