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capital and have greater growth opportunities. Also, higher accountability and lower income inequality are associated with …
Persistent link: https://www.econbiz.de/10009459999
capital and have greater growth opportunities. Also, higher accountability and lower income inequality are associated with …
Persistent link: https://www.econbiz.de/10009460083
Magistro baigiamajame darbe pristatomas naujas kapitalo paskirstymo akcijų rinkoje modelis. Modelio teoriniam pagrindui naudojama modernioji portfelio teorija ir statistiniai prognozavimo metodai. Modelio praktinis panaudojimas pavaizduojamas Europos rinkų pavyzdžiu – peržiūrimi Nasdaq...
Persistent link: https://www.econbiz.de/10009478685
Using hand-collected data on divisional managers at the S&P 500 firms, we provide one of the first studies of their role in internal capital budgeting. Divisional managers with connections to the CEO receive more capital. Managers’ informal connections, such as social ties to the CEO, outweigh...
Persistent link: https://www.econbiz.de/10009480987
Measuring risk is a crucial aspect of the portfolio optimization problem in finance, and of capital adequacy assessment in risk management. Expected Shortfall (ES) has been proposed as a coherent risk measure, by contrast with Value-at-Risk (VaR) and the standard-deviation-type of measures....
Persistent link: https://www.econbiz.de/10009431213
Governments in developing economies often resort to taxing bank money balances through imposition of high reserve requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research reported in this paper attempts to answer the following...
Persistent link: https://www.econbiz.de/10009441674
Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of … which have dogged the empirical growth literature. We develop such a measure by combining the ‘Delphi’ method and principal …
Persistent link: https://www.econbiz.de/10009441682
Financial development has been argued as a potential source of comparative advantage and its relationships with trade has been theoretically developed. This theory posits that countries that are well financially developed should experience greater volumes of international trade. We empirically...
Persistent link: https://www.econbiz.de/10009444566
Many economists have observed that the financial system has a positive and monotoniceffect on economic growth. In this … study we reaffirm the finance-growth nexus. We adopta three-tier approach for the study’s methodology using panel data of 66 … countries from1986 to 2005. Firstly, we test for the finance-growth nexus with particular emphasis onfinancial sector indicators …
Persistent link: https://www.econbiz.de/10009447598
changes in output, while financial development makes investment more responsive to output growth. Consequently, rather than …
Persistent link: https://www.econbiz.de/10009467754