Showing 1 - 10 of 1,599
Recent revelations on the use of fiduciary services by the wealthy and political leaders raise concerns regarding the use of such services for tax and creditor evasion. Yet given the secrecy shrouding much of the fiduciary industry, we do not know which fiduciary services are used for such...
Persistent link: https://www.econbiz.de/10012968231
financial intermediation and the supremacy of banks' efficiency. This study examines the concurrent effects of bank risk …, efficiency and cost of financial intermediation of Bangladeshi commercial banks. The Two-Step System GMM (2GMM) estimators of …-level, industry-level, and macroeconomic-level phenomenon. Efficiency gains cost the spread of banks' financial intermediation, and …
Persistent link: https://www.econbiz.de/10013184225
This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We … cooperative banks from 12 European countries. This work extends the existing literature by focusing on shape of size-efficiency … European cooperative banks are significantly more cost efficient than their bigger peers and that the size-efficiency relation …
Persistent link: https://www.econbiz.de/10011901962
An ongoing debate in the literature on efficiency of higher education institutions concerns the indicator for research …. We show that there is a high correlation of efficiency values between the estimations using these indicators; however …
Persistent link: https://www.econbiz.de/10011853185
Nodal pricing has emerged from a theoretical approach to a practicable and efficient tool for network and congestion mangement. Experiences from North America and New Zealand have proven nodal pricing to be workable without serious technical problems. Continental European electricity grids like...
Persistent link: https://www.econbiz.de/10012724225
In Germany, R&D subsidies are an important tool to support innovation in the private sector. This paper studies the welfare effects of R&D subsidies distributed through the German federal government’s thematic R&D programs between 1994 and 2011. The analysis is based on a structural model of...
Persistent link: https://www.econbiz.de/10011780867
Measures of welfare changes - either the equivalent or compensating variation of a price increase for a good - are often calculated using the expenditure function from an estimated demand. If the regression errors are due to unobserved preference heterogeneity, then then the estimated demand is...
Persistent link: https://www.econbiz.de/10014063292
absence of efficiency enhancing market pressure. To what extent universities are able to eliminate inefficiency is a question … inefficiency hinder the institutions to achieve full efficiency - at least in the short run. Two standard and one novel … efficiency evaluation changes when both aspects are taken into account. It is the first time that the idea of persistent …
Persistent link: https://www.econbiz.de/10011541292
French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating … allocation efficiency. …
Persistent link: https://www.econbiz.de/10011410404
recent literature exposes variations in their efficiencies. To gain insights into these differences we split the efficiency … method to measure efficiency, we separate short-term (transient) and long-term (persistent) efficiency, while controlling for … unobserved institution specific heterogeneity. While the first term reflects the efficiency of the individual universities …
Persistent link: https://www.econbiz.de/10011729394