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We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10009476867
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …
Persistent link: https://www.econbiz.de/10009477240
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and …, private ownership tends to be associated with superior performance in terms of some indicators but not others, and dispersed … ownership results in better or equal performance than more concentrated forms of ownership. …
Persistent link: https://www.econbiz.de/10009477470
development and evolution of risk adjusted performance models have been analyzed in the theoretical part of the paper. Largest … of the fund management. The research is based on the theory of capital asset pricing model and widely accepted risk … adjusted performance measures. Also, performance attribution to market timing and selectivity are analyzed. Three year period …
Persistent link: https://www.econbiz.de/10009478441
In this analysis of investment manager performance, two questions are addressed. First, do managers that actively trade ….80-4.00 per cent per annum on a risk-unadjusted basis and 0.50-0.93 per cent per annum on a risk-adjusted basis. Evidence is …
Persistent link: https://www.econbiz.de/10009447952
The relationships between risk and performance were tested employing within and between analyses at the level of … total risk with performance were in the hypothesized negative direction. These findings suggest that when risk …-averse managers reduce total risk, the firm's carnings performance is enhanced. The hypothesized differences between strategic groups …
Persistent link: https://www.econbiz.de/10009459032
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
the measure of risk. Increasing farm size also was found to have a positive relationship with net income variability. When …
Persistent link: https://www.econbiz.de/10009444877
En este estudio analizamos el efecto del capital bancario en las expansiones y contracciones crediticias durante alrededor de 150 años en España. Primero construimos cuidadosamente una medida de apalancamiento bancario (i. e., ratio de capital sobre activo) para el sector bancario español...
Persistent link: https://www.econbiz.de/10012532182
. However, most studies have ignored market barriers and farm income risk in explaining income diversification behaviour. This … study develops an analytical framework that includes both market barriers and farm income risk, in addition to other factors … barriers reduce the intensity of non-farm income diversification; and farm income risk increases the intensity of non …
Persistent link: https://www.econbiz.de/10009446070