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Persistent link: https://www.econbiz.de/10012012831
This Selected Issues paper analyzes the empirical relationship between corporate leverage—and other indicators of financial health—and investment in Israel, using dynamic panel data techniques. The results suggest that weak balance sheets may well have contributed to the investment...
Persistent link: https://www.econbiz.de/10011245486
The global financial crisis has reopened the debate on the potential spillover effects from the financial sector to the real economy. This paper adds to that debate by providing new evidence on the link between finance and firm-level productivity, focusing on the case of Estonia. We contribute...
Persistent link: https://www.econbiz.de/10004999959
As a result of the fact that pension funds are financial intermediaries, the value of their assets and liabilities is … pension administrators use scientific models of portfolio selection and optimization based on the risk-expected return …
Persistent link: https://www.econbiz.de/10005099696
Persistent link: https://www.econbiz.de/10009124875
Persistent link: https://www.econbiz.de/10012213263
We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If … political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady … state level of income per capita. The impact of uncertainty and transaction costs on income per capita is formalized in a …
Persistent link: https://www.econbiz.de/10005668472