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This paper discusses the concept of authority in global governance by unpacking the components that characterize its various notions. These components are the triadic relationship between power, legitimacy, and the reference to public interests, and how they are embedded in the constellation...
Persistent link: https://www.econbiz.de/10013401889
Assuming some fixed cost to information acquisition, diffuse shareholders in publicly held firms have little incentive to produce information that can substitute for the services of financial analysts. However, we argue that concentrated shareholdings, either by outsiders like institutions or by...
Persistent link: https://www.econbiz.de/10010397441
In this paper we formulate and test a number of hypotheses regarding insurer participation and volume decisions in derivatives markets. Several specific hypotheses are supported by our analysis. We find evidence consistent with the idea that insurers are motivated to use financial derivatives to...
Persistent link: https://www.econbiz.de/10010397580
, countries seeking to identify finance for nature-based solutions must navigate complex fragmented terms and language, as well as … a wide array of public and private finance actors. Such fragmentation has practical implications. African countries face …. Adding to the complexity, finance for nature-based solutions often combines public and private financing. So far, blended …
Persistent link: https://www.econbiz.de/10014435485
Mezzo Economics covers the area between the Micro and Macro Economics and the organizational approach of the economics of the integral economic communities, which are made of microeconomic entities. Mezzo Economics represents an organizational loop between the Macro economic system and Micro...
Persistent link: https://www.econbiz.de/10010435991
-volatility models, have traditionally been dominating the empirical finance literature. In recent years, with the availability of high …
Persistent link: https://www.econbiz.de/10010298315
It is theoretically clear and may be verified empirically that efficient financial markets can make it less necessary for policy to try and offset the welfare effects of labour income risk and unequal consumption dynamics. The literature has also pointed out that, since international competition...
Persistent link: https://www.econbiz.de/10010298380
Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth …. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however … enhance risk control, how do we generate new processes that may enhance the profitability of finance business? The second …
Persistent link: https://www.econbiz.de/10010298942
financial spheres. The monetary profit inducing capitalist production, emanates from the sphere of finance. In a world of …
Persistent link: https://www.econbiz.de/10010299493
In this paper we investigate the role of financial development, or more widespread access to all sorts of finance, in … and analysis, confirm the Schumpeterian prediction which suggests that finance authorises the entrepreneur to invest in …
Persistent link: https://www.econbiz.de/10010305619