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Discount factors and thresholds: Foreign investment when enforcement is imperfect

Asiedu, Elizabeth; Villamil, A. P. - 2000

We consider a model that provides insight into the well-known Folk theorem in economics that when the discount factor beta is sufficiently close to 1, expropriation will never occur. Although this Folk theorem is true in our model, our perspective is different. The discount factor beta often is...

Persistent link: https://www.econbiz.de/10009430924

Does market structure matter on banks’ profitability and stability? Emerging versus advanced economies

Mirzaei, A; Liu, G; Moore, T - 2011

(risk and returns) for a total of 1929 banks in 40 emerging and advanced economies over the sample period of 1999-2008. The … with a trade-off between risk and returns in advanced economies, and the effects of bank age, bank ownership status and … regulation on risk and returns, depend on market power. …

Persistent link: https://www.econbiz.de/10009480841

Does market structure matter on banks’ profitability and stability? Emerging versus advanced economies

Mirzaei, A; Liu, G; Moore, T - 2011

Persistent link: https://www.econbiz.de/10009480842

The stock market and South Africa's economic development

Frank, Ashley Gavin - 2004

Financial liberalisation, through increasing investment as well as the average productivity of capital, should stimulate economic growth, or so the theory goes. Bank lending unfortunately suffers adverse selection and moral hazard effects, to which the establishment and expansion of stock...

Persistent link: https://www.econbiz.de/10009457735

Bank leverage cycles

Nuño, Galo; Thomas, Carlos

We study the cyclical fluctuations of leverage and assets of financial intermediaries and GDP in the United States. Leverage and assets are several times more volatile than GDP, and experience larger fluctuations for unregulated (‘shadow’) intermediaries than for regulated ones. While the...

Persistent link: https://www.econbiz.de/10012530385

The economic basis of syndicated lending

Wild, William - 2004

expected return, and the risk, for the originator of a given syndicated loan. Finally, empirical testing finds that a bank …

Persistent link: https://www.econbiz.de/10009438164

Spatial dependence and individual-tree growth models I. Characterising spatial dependence

Fox, J. C.; Bi, H. Q.; Ades, P. K. - 2007

neighbours are subject to similar environmental conditions, but the confounding influence of competition was also observed over …

Persistent link: https://www.econbiz.de/10009448357

Settling for second best?: Reflections after the tenth anniversary of Wal-Mart's entry to the United Kingdom

Sparks, Leigh - 2011

Purpose - This paper evaluates the comparative progress of Asda in the UK since its surprise takeover by Wal-Mart in 1999. Wal-Mart expected to become the #1 retailer in the UK and many commentators saw massive problems ahead for local retailers. These expectations were not met; this paper...

Persistent link: https://www.econbiz.de/10009465849

Inventory Management Under Market Size Dynamics

Olsen, TL; Parker, RP - 2008

We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the firm's market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the economic effect of such a departure; in this study, we...

Persistent link: https://www.econbiz.de/10009431041

Responsible Sovereign Lending and Borrowing

Gulati, Mitu; Buchheit, Lee C. - 2010

There are three reasons for attempting to reach a common understanding of the responsibilities of sovereign borrowers and their lenders. First, the flow of capital to sovereign debtors is exceptionally important to the world economy. Industrialized countries rely on it to finance their budget...

Persistent link: https://www.econbiz.de/10009471550

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