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The study aimed at assessing the moderating effect of SACCO size on the nexus between financial innovation practice and … financial sustainability which was anchored on transaction cost innovation theory. The population for the study was the Deposit … and data collection sheet were used in data collection. The study found that the process innovation and service innovation …
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This paper investigates the local impact of biomedical research on mortality in the USA. Causally estimating the marginal value of biomedical research is challenging due to a lack of micro data linking health outcomes to plausibly exogenous variation in research. We create a new linkage between...
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We model the relationship between a firm's growth opportunities and its financing policy. Financially constrained firms have an incentive to maintain reserve borrowing capacity when expected future investment opportunities are high. These strategic savings allow firms to respond optimally to new...
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