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-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …-specific investment ; growth …
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relationship-specific investment. Then we empirically confirm this prediction by showing that industries dependent on relationship …-specific investment from their suppliers grow disproportionately faster in countries with a high level of financial development and in US …
Persistent link: https://www.econbiz.de/10013133692
Banks (but not stock markets) promote economic growth by facilitating relationship-specific investment between buyers …-specific investment motivate this economic channel: A supplier is reluctant to undertake relationship-specific investment as she cannot … from 28 industries in 90 countries confirm that industries dependent on relationship-specific investment from their …
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-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …
Persistent link: https://www.econbiz.de/10013093852
proportions of real investment to run a financial sector. Human capital allocated to financial activities will improve long …
Persistent link: https://www.econbiz.de/10010506650
This paper examines the nexus between financial development and economic growth in Ghana between 1970 and 2020. The study adopted the Bayesian Model Averaging (BMA) techniques to address issues of model uncertainty due to many potential explanatory variables that could influence growth. The...
Persistent link: https://www.econbiz.de/10014501173