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This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions … atmosphere that will enhance the achievement of microfinance social objectives. …
Persistent link: https://www.econbiz.de/10008615044
Using data spanning the 1996-1998 fiscal years of 247 of Japan's largest manufacturers, we empirically evaluate the extent to which a firm's investment behavior and financial performance is influenced by its ownership structure. To do so, we examine six distinct categories of Japanese...
Persistent link: https://www.econbiz.de/10010731130
’architecture organisationnelle et la performance des institutions de microfinance. L’économétrie des données de panel permet d’étudier un échantillon … de 114 institutions de microfinance sur la période 2001- 2006. Les résultats montrent que l … et significatif sur la rentabilité économique, mais permettent aux institutions de microfinance d’atteindre un nombre …
Persistent link: https://www.econbiz.de/10009399305
We trace the relationship between firm performance and corporate governance in microfinance institutions (MFI …
Persistent link: https://www.econbiz.de/10005836719
As part of the tremendous development experienced by microfinance over the last few years, one type of institution has …
Persistent link: https://www.econbiz.de/10005558867
Despite the unquestionable influence of conservatism, disagreement remains about what economic demands lead to financial reporting conservatism. Research examining lenders' demands for reporting conservatism has been questioned for ignoring conservative contract modifications. We document that...
Persistent link: https://www.econbiz.de/10012726775
Performance pricing links the interest rate spread on bank debt to a borrower's performance via two options. It gives borrowers an option to reduce interest rates if credit quality improves, and it gives lenders an option to receive higher interest rates if credit quality deteriorates. Contracts...
Persistent link: https://www.econbiz.de/10012737902
One studies the role of the data processing within the framework of the banking financial intermediation. In this context, one is interested in the various solutions adopted by the banks vis-a-vis with the various types of imperfections of information. One then tries to highlight various...
Persistent link: https://www.econbiz.de/10012737958
In this study, I examine characteristics of both banks and borrowers to determine whether any of these characteristics are associated with banks' decisions to waive violations of debt covenants. Starting with a sample of firms, which violated their bank debt, the study investigates whether the...
Persistent link: https://www.econbiz.de/10012784696
In this study, we investigate whether the variation in the expected costs of technical default provides insights into whether managers manipulate earnings in periods prior to technical default as well as in the fiscal year in which avoidance of technical default is unlikely. We argue that...
Persistent link: https://www.econbiz.de/10012707219