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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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Corporate Balance Sheet Restructuring and Investment in the Euro Area
Jaeger, Albert - International Monetary Fund (IMF) - 2003
legacy of high debt or leverage. Models of corporate investment behavior based on imperfect capital markets predict that … highly leveraged balance sheets can act as a brake on investment spending. The paper's empirical analysis suggests that … leverage effects on corporate investment can be substantial and persistent, particularly if leverage exceeds threshold values. …
Persistent link: https://www.econbiz.de/10005605417
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The Great Rebalancing Act; Can Investment Be a Lever in Asia?
International Monetary Fund (IMF); International … - 2011
. While some countries need to raise consumption, several need to raise investment or reorient it from tradable to nontradable … sectors. These changes in investment could be facilitated by financial reforms that enhance domestically oriented firmsâ … uncertainty, and by improvements in infrastructure that raise the returns to private investment. …
Persistent link: https://www.econbiz.de/10008839325
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Cultural differences in the customer perception of crowded restaurant: emotion, intolerance and perceived price
Kim, Dae-Young; Lee, Kwang-Ho - In: International Journal of Revenue Management 4 (2010) 3/4, pp. 420-431
The main purpose of this study is to examine cultural differences between Americans and Chinese in terms of cultural differences, emotional feelings, intolerance and perceived meal price in the context of restaurant settings. The results revealed that there were significant differences between...
Persistent link: https://www.econbiz.de/10010669590
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Hospitality industry revenue management performance modelling: uncovering issues associated with inconsistencies in price parity across multiple distribution channels in the US hot...
Maier, Thomas A. - In: International Journal of Revenue Management 5 (2011) 4, pp. 290-307
In the hospitality industry today, online global distribution and product pricing are of critical importance in understanding the effectiveness of revenue management objectives and optimisation of top-line revenue performance. This research proposes a new model which tests hotel online global...
Persistent link: https://www.econbiz.de/10010669606
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Managing investment revenue
Kizildag, Murat; Barber, Nelson; Goh, Ben K. - In: International Journal of Revenue Management 4 (2010) 2, pp. 195-210
Assumptions used by investors when determining the value of an asset portfolio may result in large discrepancies. Creating a portfolio of assets must be linked to some measure of value, and this value was driven by the long-term cash flow ability of the assets. One of the most influential...
Persistent link: https://www.econbiz.de/10008755511
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Brand perception, cash flow stability, and financial policy
Larkin, Yelena - In: Journal of Financial Economics 110 (2013) 1, pp. 232-253
This paper demonstrates that intangible assets play an important role in financial policy. Using a proprietary database of consumer brand evaluation, I show that positive consumer attitude toward a firm's products alleviates financial frictions and provides additional net debt capacity, as...
Persistent link: https://www.econbiz.de/10010702372
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A Dilution Cost Approach to Financial Intermediation and Securities Markets
Bolton, P.; Freixas, X. - Tilburg University, Center for Economic Research - 1998
Persistent link: https://www.econbiz.de/10011091806
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Leverage and acquisition performance
Harrison, Jeffrey; Hart, Matthew; Oler, Derek - In: Review of Quantitative Finance and Accounting 43 (2014) 3, pp. 571-603
the inclusion of several controls known to predict future returns. Our results also represent viable investment strategies …
Persistent link: https://www.econbiz.de/10010959356
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Managerial attitudes and corporate actions
Graham, John R.; Harvey, Campbell R.; Puri, Manju - In: Journal of Financial Economics 109 (2013) 1, pp. 103-121
We administer psychometric tests to senior executives to obtain evidence on their underlying psychological traits and attitudes. We find US CEOs differ significantly from non-US CEOs in terms of their underlying attitudes. In addition, we find that CEOs are significantly more optimistic and...
Persistent link: https://www.econbiz.de/10010665550