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Remedial role of financial development in corporate investment amid financing constraints and agency costs

Khan, Muhammad Kaleem; He, Ying; Kaleem, Ahmad; Akram, Umair - In: Journal of Business Economics and Management (JBEM) 19 (2018) 1, pp. 176-191

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … China. Using a large sample of firm-level financial data and country level economic data over the period 2004-2015, present …

Persistent link: https://www.econbiz.de/10015401523

Entrepreneurship in SME Segment: Case Study from the Czech Republic and Slovakia

Belás, Jaroslav; Bilan, Yuriy; Demjan, Valér; Sipko, Juraj - In: Amfiteatru Economic Journal 17 (2015) 38, pp. 308-326

Definition and comparison of the current business environment of the Czech and Slovakian SMEs in the selected regions are the main objectives of the article. In accordance with this objective motivational factors, status in the society, relationship to the state, level of the corruption,...

Persistent link: https://www.econbiz.de/10011724944

Ukraine: Finanzsystem reformieren

Krahnen, Jan Pieter - In: Wirtschaftsdienst 104 (2024) 8, pp. 512

Persistent link: https://www.econbiz.de/10015116620

Local competition, innovation, and firms' bank relationships

Zurek, Maximilian - In: Journal of Banking and Financial Economics (JBFE) (2019) 12, pp. 81-109

With firms searching for secured external funding by engaging in multiple bank relationships on the one hand and banks for profit maximization on the other hand, conflicts of interests may arise when firms' banks demand access to corporate private information. This information can help banks to...

Persistent link: https://www.econbiz.de/10015330103

The exposure of microfinance institutions to financial risk

Gietzen, Thomas - In: Review of Development Finance 7 (2017) 2, pp. 120-133

This study examines the exposure of microfinance institutions to liquidity-, interest rate and foreign exchange (FX) risk. Using manually collected data from microfinance institutions' financial reporting, I find that the microfinance sector faces minimal liquidity risk, high interest rate risk...

Persistent link: https://www.econbiz.de/10015331399

Financing modes, risk, efficiency and profitability in Islamic banks: modeling for the GCC countries

Belkhaoui, Samir; Alsagr, Naif; van Hemmen, Stefan - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-25

-taking, efficiency, and Islamic bank profitability in GCC Countries. The results indicate that the total effect of financing modes on … profitability and improve simultaneously the capitalization ratio and the cost efficiency for Islamic banks in the GCC countries … examined the determinants of Islamic banks performance. The conceptual model added risk-taking and cost efficiency as …

Persistent link: https://www.econbiz.de/10012657593

Sustainable metamorphosis: Examining sustainability transformation into value of financial institutions

Lapinskaitė, Indrė; Skvarciany, Viktorija - In: Journal of Business Economics and Management (JBEM) 24 (2023) 5, pp. 923-938

landscape. This research aims to evaluate the efficiency of converting sustainable development outcomes, quantified through ESG …. The results reveal that only one financial institution has an efficiency score of 1, signifying a notable efficiency level …. Most financial institutions in the dataset possess efficiency scores (represented by theta) below 0.1, indicating a …

Persistent link: https://www.econbiz.de/10015401727

Corporate fraud and bank loans: Evidence from China

Chen, Yunsen; Zhu, Song; Wang, Yutao - In: China Journal of Accounting Research 4 (2011) 3, pp. 155-165

Receiving punishment from regulators for corporate fraud can affect financing contracts between a firm and its bank, as both the firm's credit risk and information risk increase after punishment. By focusing on Chinese firms' borrowing behavior after events of corporate fraud, we find that...

Persistent link: https://www.econbiz.de/10011936923

Determinants of Sino-ASEAN banking efficiency: How do countries differ?

Noman, Abu Hanifa Md. - In: Economies 7 (2019) 1, pp. 1-23

The purpose of this paper is to assess the importance of geographical location in the banking sector efficiency of the … financial crisis. Using a panel of data from 407 banks from China, Indonesia, Malaysia, the Philippines, Singapore, Thailand and … role in the efficiency of the banking sector in the Sino-ASEAN region. The significant country's coefficients suggest that …

Persistent link: https://www.econbiz.de/10013199525

All is not lost that is delayed: overconfidence and investment outcomes

Betzer, André; van den Bongard, Inga; Schweder, Felix; … - In: Review of Managerial Science 17 (2022) 7, pp. 2297-2324

We use a unique panel data set of private German firms to analyze the relation between managerial overconfidence and investment policy in small and medium-sized firms. We find that overconfident managers invest more, and that this relation is driven by expansion investments. When considering the...

Persistent link: https://www.econbiz.de/10015209718