This paper analyses the role of institutions in enhancing the economic efficiencies across countries in a two stage Double Bootstrap DEA framework based on nonparametric frontier analysis as proposed by Simar and Wilson (2007). In the first stage, cross country workers' efficiency is estimated...

This paper explores the trends in globalization especially financial sectors liberalization as promoted by international donor agencies and its impact on developing world with special emphasis on Pakistan. The paper highlights the shortcomings in policy implications of promoting financial...

This paper examines the effect of financial market uncertainty on market returns of different countries of the world. The effect of other macroeconomic factors on the world's Equity Market Indices was also explored. These factors included Consumer Price Index (CPI), Real Interest Rates (R.IR),...

Purpose - The purpose of this study is to examine the degree to which intangible assets affect financial performance and policy of the technological sector.Design/methodology/approach - SEM analysis was used to ascertain the relationship among intangible assets, firm performance, firm policy,...

A primary source of asymmetric information arises from banks' uncertainty about borrowers' Creditworthiness. This can generate two types of barriers to efficient credit allocation in the loan market: ad-verse selection in the likelihood of repayment and moral hazard in the riskiness of firms'...

Over the last decade, Islamic Financials (Sukuk) emerged as a pioneering capital market instrument. The riskiness of Sukuk is similar to that of the bond as they depend on the financial credibility of the issuer hence assumed to have no significant difference, the only difference seems to be in...

Military spending is not considered a productive activity that can contribute positively to GDP, however It effect indirectly through decreasing the risk and provide stability, moreover since its considered a major expenditure in many countries, it could indirectly affect the economy by...