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Persistent link: https://www.econbiz.de/10006838893
This dissertation consists of two essays on predictability of asset prices. "Benchmarkingproblems and long horizon abnormal returns" and, "Low R-square in the cross section ofexpected returns". Long run abnormal returns following Initial Public Offerings (IPOs),Seasoned Equity Offers (SEO) and...
Persistent link: https://www.econbiz.de/10009468641
This dissertation consists of two essays on predictability of asset prices. "Benchmarking problems and long horizon abnormal returns" and, "Low R-square in the cross section of expected returns". Long run abnormal returns following Initial Public Offerings (IPOs), Seasoned Equity Offers (SEO)...
Persistent link: https://www.econbiz.de/10009451119
This paper investigates the dynamic and the determinants of banking industry efficiency in Latin America. Allocative, technical, pure technical and scale efficiencies are calculated and analyzed in each country. We find that Latin American bank managers have been using resources efficiently, but...
Persistent link: https://www.econbiz.de/10012725762
Persistent link: https://www.econbiz.de/10010876658
Persistent link: https://www.econbiz.de/10005257609
This study provides new evidence on the role of financial development and stock market development in accounting for economic growth across geographic regions and income groups. To derive feasible policy implications, we estimate not only unbalanced panel regressions with period fixed effects,...
Persistent link: https://www.econbiz.de/10010549504
Purpose – The purpose of this paper is to investigate technical and scales efficiencies of MFIs in Middle East and North Africa (MENA) countries in provision of financial services. This study also aims at tracing the source of inefficiencies. Design/methodology/approach – This paper uses the...
Persistent link: https://www.econbiz.de/10010553328
Purpose – This paper aims to examine the impact of financial liberalization and foreign Islamic bank entry on the performance of domestic Islamic banks, and credit availability to the private sector. Design/methodology/approach – The authors use the weighted least squares method to estimate...
Persistent link: https://www.econbiz.de/10010814662
Persistent link: https://www.econbiz.de/10006750378