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Banking Efficiency and Economic Growth in MENA Region

Ghannouchi, Walid - 2018

This paper examines the nexus between cost efficiency and economic growth in the Middle East and North Africa region …. We apply a causality analysis between cost efficiency and financial deepening using the Generalized Methods of Moments …' efficiency and the increase of regulation to spur a more stable financial system and foster financial deepening in the future …

Persistent link: https://www.econbiz.de/10012927369

Firm Leverage and Bankruptcy Regimes : Does Ownership of Lenders Matter?

Jose, Jibin; Borad, Abhinandan - 2022

In this paper, we ask how firms’ optimal debt structure responds to a change in the bankruptcy regime. While existing work shows that this relationship is dependent on the ex-ante liquidation value of a firm, we demonstrate that the ownership of lenders they are connected to also matters. We...

Persistent link: https://www.econbiz.de/10013301190

State Capitalism vs. Private Enterprise

Chen, Donghua - 2017

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

Persistent link: https://www.econbiz.de/10012972324

State Capitalism vs. Private Enterprise

Chen, Donghua - 2017

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

Persistent link: https://www.econbiz.de/10012972325

Dynamic Optimal Capital Structure and Technological Change

Lööf, Hans - 2003

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...

Persistent link: https://www.econbiz.de/10010298124

Empirical Analysis of Stock Returns and Volatility of the Zimbabwean Stock Markets

Bonga, Wellington Garikai - 2014

The class of generalized autoregressive conditional heteroscedastic (GARCH) models has proved particularly valuable in modelling time series with time varying volatility. These include financial data, which can be particularly heavy tailed.This paper investigates the time-series behavior of...

Persistent link: https://www.econbiz.de/10013058280

Dynamic optimal capital structure and technological change

Lööf, Hans - 2003

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...

Persistent link: https://www.econbiz.de/10011448232

Does Corporate Governance Structures Predict Firm’s Market Value? Empirical Evidence from Ghana

Ahulu, Helena - 2020

This paper examined the effect of corporate governance structures on the market value of firms in Ghana. Quantitative data was collected on thirty one firms listed on the Ghana stock exchange from 2009 to 2018 to predict the effect of corporate governance structures on the firm's market value....

Persistent link: https://www.econbiz.de/10012845814

Capital Market Financing and Firm Growth

Didier, Tatiana - 2020

This paper studies whether there is a connection between finance and growth at the firm level. It employs a new dataset of 150,165 equity and bond issuances around the world, matched with income and balance sheet data for 62,653 listed firms in 65 countries over 1990-2016. Three main patterns...

Persistent link: https://www.econbiz.de/10012826596

Influence of foreign institutional holding on corporate risk-return profile : a panel quantile regression analysis

Banerjee, Souvik; Mitra, Amarnath; Jena, Sangram Keshari; … - In: Cogent economics & finance 12 (2024) 1, pp. 1-17

The study investigates the influence of foreign institutional investment on the risk-return profile of firms. Corporate risk is analyzed as business risk and financial risk in this study. The impact of foreign institutional investor's (FII) holding on business and financial risk taking behavior...

Persistent link: https://www.econbiz.de/10015394306