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This paper examines the selection of data source and econometric technique for studies of banking efficiency using translog cost functions. We examine the use of Seemingly Unrelated Regression estimation for a cost function, as against estimation using Ordinary Least Squares. Choice of cost data...
Persistent link: https://www.econbiz.de/10011194482
Superior information exchanged over the course of lending relationships generates bank-client specificities to the extent that such information cannot be communicated credibly to outsiders. Consequently, banks obtain higher profits from more captured borrowers than from borrowers with financing...
Persistent link: https://www.econbiz.de/10005825962
Pakistan undertook major financial sector reforms starting in the late 1980s. The effects of these reforms on the profitability and cost and revenue efficiency of the banking sector are evaluated. The revenue performance of all banks, and especially the privatized banks, improved significantly,...
Persistent link: https://www.econbiz.de/10005826380
Persistent link: https://www.econbiz.de/10009607313
The first study focuses on inventory investments of two sets of Indian manufacturing firms: issuers and non-issuers firms of publicly issued debt during 1996-1997, a time period of robust economic growth and simultaneously an inward shift in the supply of bank loans hypothesized to have been...
Persistent link: https://www.econbiz.de/10009430450
This study investigates empirically the factors that determine whether firms borrow from banks and other finance …
Persistent link: https://www.econbiz.de/10009430455
This dissertation examines the behavior of banks participating in the Farm Service Agency guaranteed loan program between the fiscal years of 1995 and 2003. Guaranteed loans are originated by banks but backed by the federal government. Borrowers must be creditworthy but unable to receive credit...
Persistent link: https://www.econbiz.de/10009430650
This paper examines how the price-setting process for Initial Public Offerings (IPOs) is influenced by Securities and Exchange Commission (SEC) regulations. The findings indicate a significant positive relation between underpricing and the presence of a regulatory constraint requiring an...
Persistent link: https://www.econbiz.de/10009430702
This dissertation explains the behavior of the bank by focusing on the screening technology used in the loan approval process. The main goal is to find the outcome of bank competition when banks try to overcome hidden information with the screening technology. Essay 1 analyzes the screening...
Persistent link: https://www.econbiz.de/10009430827
The purpose of this study is to extend the body of Agency Theory Literature to the class of relatively small firms that use the revolving Asset-Based Loan (ABL) as their major source of debt financing. Specifically, the revolving ABL structure is examined and implications for both the resolution...
Persistent link: https://www.econbiz.de/10009431541