Showing 1 - 10 of 75
of insider trading law and government ownership of banks. …
Persistent link: https://www.econbiz.de/10011259225
of insider trading law and government ownership of banks. …
Persistent link: https://www.econbiz.de/10005836488
This paper contains a detailed empirical investigation of the effect of local banking development on firms' innovative activities, using a rich data set on innovation at the firm level for a large number of Italian firms over the 90's. There is evidence that banking development affects the...
Persistent link: https://www.econbiz.de/10005027815
paper describes how specialization of banks can lead to such feedback effects, which work through the cost of financial … intermediation. In the empirical part of the paper we use US cross-state data from banks' income statements to show that the cost of …
Persistent link: https://www.econbiz.de/10005498084
The existence of capital market imperfections causes business investment decisions to be strongly dependent on households' private wealth allocation. I claim that if a linkage exists between private wealth and business decisions, it should be stronger in countries characterized by less developed...
Persistent link: https://www.econbiz.de/10010757808
This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...
Persistent link: https://www.econbiz.de/10009150949
undertaken to understand the importance of financial products in Portugal for banks and private clients. Different financial … products can provide to banks an important role on their revenues and liquidity. For clients allows to invest their savings …: deposits, investment funds, securities, and insurance banking. The six largest banks with Portuguese headquarters were …
Persistent link: https://www.econbiz.de/10012217920
undertaken to understand the importance of financial products in Portugal for banks and private clients. Different financial … products can provide to banks an important role on their revenues and liquidity. For clients allows to invest their savings …: deposits, investment funds, securities, and insurance banking. The six largest banks with Portuguese headquarters were …
Persistent link: https://www.econbiz.de/10012101469
The paper reviews the state of the economic literature on the link between nancial development and growth. We rst examine the issue of measurement of nancial development and the debate on the direction of causality between nance and growth. Next, we extensively discuss the various channels...
Persistent link: https://www.econbiz.de/10010903101
Persistent link: https://www.econbiz.de/10014283819