ILO pub-WEP pub. Working paper on the effect of taxation and subsidy programmes on income distribution in Sri Lanka …

-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions …-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank …-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially …

-term, risk-adjusted returns and, importantly, could lessen the potential adverse effects of the procyclical investment behavior …This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the … implications of procyclical behavior; and (iv) proposes a framework for sound investment practices for long-term investors. Such …

The impact of imperfections in financial markets on firm-level investment varies greatly across industries. In …

Most of the papers in corporate finance use the investment-cash flow sensitivity as a key metric to gauge financing …

government investment funds, we investigate the effect of both application approvals and denials. To distinguish banks? risk … banks approve riskier loans and shift investment portfolios toward riskier securities. However, this shift in risk occurs …We study the effect of government assistance on bank risk taking. Using hand-collected data on bank applications for …