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Persistent link: https://www.econbiz.de/10003685356
This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...
Persistent link: https://www.econbiz.de/10010376187
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078
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In media markets, consumers spread their attention to several outlets, increasingly so as consumption migrates online. The traditional framework for studying competition among media outlets rules out this behavior by assumption. We propose a new model that allows consumers to choose multiple...
Persistent link: https://www.econbiz.de/10010403757
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merger-related and organic growth components, and find that merger-related growth is less persistent than organic growth. The … merger-related growth is positively associated with analysts' optimism in earnings forecasts and stock recommendations, and … transparently disclose the merger-related and organic growth components. This finding is consistent with investors with limited …
Persistent link: https://www.econbiz.de/10013036298
This study investigates empirically into the acclaimed positive role played financial market leading growth, with evidence from the Jordan financial market. Utilising, several econometric techniques models, such as unit root test, co-integration test and formal tests of causality developed by...
Persistent link: https://www.econbiz.de/10013052231
This paper uses a unique setting of an unbanked industry with high information costs to study the impact of information dissemination by the government on the future growth. Specifically, the paper studies the US Marijuana industry. Marijuana is considered an illegal drug by Federal law and...
Persistent link: https://www.econbiz.de/10012983917
This empirical study examined financial deepening and economic development in Nigeria between 1986 and 2007. The central focus is that a high level of financial deepening is a necessary condition for accelerating growth in an economy. This is because of the central role of the financial system...
Persistent link: https://www.econbiz.de/10013149255