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We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future growth. Financial ratios characterizing firms with high bankruptcy risk...
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) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a … removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We …
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developmental project should be both viable financially (from the Owner's and Bank's perspective) but also from the point of view of …) institutionalise and enhance the credit risk assessment of commercial banks, 2) set up a Development Bank to source and position new …
Persistent link: https://www.econbiz.de/10013053550
heterogeneity of banking risk determinants. I examine the implications of bank leverage that manifest itself as spreading and …
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dataset of 10 ASEAN countries from 1980 to 2017, this study examines the productivity and efficiency of the ASEAN economies … productivity index to provide estimates of gross technical efficiency, technical progress and returns to scale change, while taking … into account of transient and persistent efficiency. The results show that there is room for efficiency gains, as the ASEAN …
Persistent link: https://www.econbiz.de/10013179517
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
Persistent link: https://www.econbiz.de/10012444188