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ENGLISH ABSTRACT: The importance of market microstructure in determining the success of a bond market inallocating financial resources depends on the degree to which the microstructure elements likeliquidity, efficiency and volatility have been designed to determine the proper price at...
Persistent link: https://www.econbiz.de/10009442113
This dissertation studies two issues in empirical analysis of financial markets: The herd behavior in global markets and illiquidity as a risk factor to predict excess stock returns in international markets. These issues are structured into two essays.Essay #1 examines investors’ herding...
Persistent link: https://www.econbiz.de/10009450987
credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes …
Persistent link: https://www.econbiz.de/10009434804
," improving success rates and income and eliminating health hazards. In parallel, CDDP established a factory and self-help, micro-credit …
Persistent link: https://www.econbiz.de/10009437609
This paper models firm survival in Kenyan manufacturing with a particular emphasis on the effect of credit on firm … and Weibull parametric hazard models. The main contribution of the paper is to highlight the role of credit in explaining …
Persistent link: https://www.econbiz.de/10009441508
This article utilizes the Survey of Small Business Finances to compare and contrast trade credit practices of rural … credit. There is a strong direct relationship between various forms of debt held by these firms and their level of accounts … receivable (e.g., trade credit extended to customers). The actual level of re-lending varied among firms depending on their …
Persistent link: https://www.econbiz.de/10009444002
Most of the literature attributes credit constraints in small-farm developing-country agriculture to the variability of …-theoretic credit market model with endogenous technology choice. The model demonstrates that lenders may refuse to finance any …
Persistent link: https://www.econbiz.de/10009445423
shocks. In a context of collateralized formal credit markets, we provide suggestive evidencethat insurance may help reduce …
Persistent link: https://www.econbiz.de/10009446167
This paper analyses the effect of non-credit services of joint liability credit institutions on smallholder women … beekeepers’ honey income. The non-credit services offered to the beekeepers are mainly enterprise development services (training … beekeepers participating in group-based credit programmes; the survey was conducted in September 2005 in Makueni district of …
Persistent link: https://www.econbiz.de/10009446370
Credit is a fundamental input for production. One of its major limitations is default payments.Quality of credit … non probabilistic sample of 213 livestockprojects to which credit was granted by a financial institution in 3 consecutive …
Persistent link: https://www.econbiz.de/10009446533