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Persistent link: https://www.econbiz.de/10001741686
We examine the capital structure policies of Korean firms using survey data for business group (chaebol) firms and independent firms. Our results are compared with the findings in the earlier studies for developed economies: Graham and Harvey (2001) for the U.S. and Brounen, De Jong, and Koedijk...
Persistent link: https://www.econbiz.de/10013077357
The purpose of this paper is to investigate the non-linear relationship between working capital management (WCM) and firm profitability (FP). As well as checking whether there is a financial leverage threshold in the decision on working capital, thereby assessing the change in the impact of...
Persistent link: https://www.econbiz.de/10014443896
This paper investigates whether the Quantitative Easing (QE) program implemented by the Federal Reserve Board after the 2007-2008 global financial crisis affects firms in emerging economies by improving their access to external financing. Our hypothesis relies on the idea that the excess of...
Persistent link: https://www.econbiz.de/10013014717
Persistent link: https://www.econbiz.de/10001654009
Taking listed companies of strategic emerging industries as the research subject, this paper uses KZ index to measure the degrees of financing constraints and financial intermediary as well as the stock market to represent the level of financial development. Then empirical models are constructed...
Persistent link: https://www.econbiz.de/10012270616
This paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing … regressions confirm the positive relationship between ICT capital and GDP growth. The regressions for the subsamples of developing …, emerging and developed countries do not reveal statistically significant differences of the output elasticity of ICT between …
Persistent link: https://www.econbiz.de/10010458249
This study investigates the impacts of trade with China on the gross domestic product (GDP) of the global South. While the current literature on the growth impacts of trade (by leading partner countries) often neglects the properties of macro panel data, such as cross-sectional dependence,...
Persistent link: https://www.econbiz.de/10012120434
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10012961520
The authors investigate how the Global South’s gross domestic product (GDP) is impacted by trade with China. While the current literature on the growth impacts of trade (by leading partner countries) often neglects the properties of macro panel data, such as cross-sectional dependence,...
Persistent link: https://www.econbiz.de/10012209723