Narrow search
Showing 1 - 10 of 56,630
Cover Image
When pro-poor microcredit institutions favor richer borrowers : a moral hazard story
Biancini, Sara; Ettinger, David; Venet, Baptiste - 2021
We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10012433762
Cover Image
Poverty Traps and Microfinance
Moro Visconti, Roberto - 2012
vicious circle.Microfinance is a successful financial innovation to help the poor to sort out credit exclusion, which is one … unfair globalization.Microfinance, a grass-roots movement to provide credit to the neediest, can greatly help to dismantle at … the poorest for financial services is potentially unlimited – while supply is not.The key idea is that if microfinance is …
Persistent link: https://www.econbiz.de/10013107442
Cover Image
When Pro-Poor Microcredit Institutions Favor Richer Borrowers - A Moral Hazard Story
Biancini, Sara; Venet, Baptiste; Ettinger, David - 2021
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10013245624
Cover Image
Estimating the Competitive Effects of Common Ownership
Gramlich, Jacob; Grundl, Serafin - 2017
If managers maximize the payoffs of their shareholders rather than firm profits, then it may be anticompetitive for a shareholder to own competing firms. This is because a manager?s objective function may place weight on profits of competitors who are held by the same shareholder. Recent...
Persistent link: https://www.econbiz.de/10014122254
Cover Image
Measures of Complexity of Global Banks
Cetorelli, Nicola - 2014
Size and complexity are viewed as contributing to the too-big-to-fail status of financial institutions. Yet, there is no standard accepted metric for an organization's complexity, much less for a large firm engaged in global finance. We provide perspective on the issue of complexity by examining...
Persistent link: https://www.econbiz.de/10013055804
Cover Image
Shareholder value, holding structure and manager interests: dominance of the shareholder-value principle as a spill-over from the financial to the industrial firm
Koslowski, Peter - In: Applied ethics in management : towards new perspectives …, (pp. 223-236). 1999
Persistent link: https://www.econbiz.de/10001434557
Cover Image
Origin and Concentration : Corporate Ownership, Control and Performance
Hanousek, Jan; Kočenda, Evžen; Svejnar, Jan - 2023
We analyze the effects of different types and concentration of ownership on performance using a population of firms in a model transition economy after mass privatization. Specifications based on first-differences and unusual instrumental variables show that contrary to conventional wisdom, the...
Persistent link: https://www.econbiz.de/10014257345
Cover Image
Corporate Governance und Unternehmenserfolg : eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutsche...
Steinbrecher, Johannes - 2016
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011742813
Cover Image
The Politics of Government Investment
Duchin, Ran - 2013
This paper investigates the relation between corporate political connections and government investment. We study various forms of political influence, ranging from passive connections between firms and politicians, such as those based on politicians' voting districts, to active forms, such as...
Persistent link: https://www.econbiz.de/10013095811
Cover Image
Limited managerial attention and corporate aging
Loderer, Claudio; Stulz, René M.; Waelchli, Urs - 2013
As firms have more assets in place, more of management's limited attention is focused on managing assets in place rather than developing new growth options. Consequently, as firms grow older, they have fewer growth options and a lower ability to generate new growth options. This simple theory...
Persistent link: https://www.econbiz.de/10010227727