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Hasan, Iftekhar; Horváth, Roman; Mares, Jan - 2018

reveals that only a handful of indicators robustly matter and finance plays a key role. It reports that while financial depth … increases wealth inequality, efficiency and access to finance reduce inequality. In addition, redistribution and education are …

Persistent link: https://www.econbiz.de/10012063480

Law and finance in Britain c.1900

Coyle, Christopher; Musacchio, Aldo; Turner, John D. - 2019

investor protection laws in Britain c.1900 to test the influential law and finance hypothesis. Our evidence suggests that there …

Persistent link: https://www.econbiz.de/10012106116

Recent finance advances in information technology for inclusive development: A systematic review

Asongu, Simplice; Nwachukwu, Jacinta C. - 2018

about 180 recently published papers to provide recent information technology advances in finance for inclusive development …, innovations and investment strategies with particular emphasis, inter alia on: informal finance, microfinance, mobile banking …, crowdfunding, micro insurance, Islamic finance, remittances, Payment for Environmental Services (PES) and the Diaspora Investment …

Persistent link: https://www.econbiz.de/10012112170

Financial access, governance and insurance sector development in Sub-Saharan Africa

Asongu, Simplice; Odhiambo, Nicholas M. - 2019

Purpose - This study investigates the role of financial access in moderating the effect of governance on insurance consumption in 42 Sub-Saharan African countries using data for the period 2004-2014. Design/methodology/approach - Two life insurance indicators are used, notably: life insurance...

Persistent link: https://www.econbiz.de/10012112212

Estimation in an additive model when the components are linked parametrically

Carroll, Raymond J.; Härdle, Wolfgang; Mammen, Enno - 1999

Motivated by a nonparametric GARCH model we consider nonparametric additive regression and autoregression models in the special case that the additive components are linked parametrically. We show that the parameter can be estimated with parametric rate and give the normal limit. Our procedure...

Persistent link: https://www.econbiz.de/10010310054

A dynamic programming approach to constrained portfolios

Kraft, Holger; Steffensen, Mogens - 2012

This paper studies constrained portfolio problems that may involve constraints on the probability or the expected size of a shortfall of wealth or consumption. Our first contribution is that we solve the problems by dynamic programming, which is in contrast to the existing literature that...

Persistent link: https://www.econbiz.de/10010311801

An Alternative Conditional Asymmetry Specification for Stock Returns

Brännäs, Kurt; Nordman, Niklas - 2001

The paper advances the log-generalized gamma distribution as a suitable generator of conditional skewness. Based on the NYSE composite daily returns an asMA-asQGARCH model along with skewness dynamics is estimated. The results indicate a skewness that varies between sizeable negative skewness...

Persistent link: https://www.econbiz.de/10010315189

Determinants of bank lending performance

Ewert, Ralf; Schenk, Gerald - 1998

During the last years the lending business has come under considerable competitive pressure and bank managers often express concern regarding its profitability vis-a-vis other activities. This paper tries to empirically identify factors that are able to explain the financial performance of bank...

Persistent link: https://www.econbiz.de/10010317383

Mixed normal conditional heteroskedasticity

Haas, Markus; Mittnik, Stefan; Paolella, Marc S. - 2002

Both unconditional mixed-normal distributions and GARCH models with fat-tailed conditional distributions have been employed for modeling financial return data. We consider a mixed-normal distribution coupled with a GARCH-type structure which allows for conditional variance in each of the...

Persistent link: https://www.econbiz.de/10010317385

Financial development and economic growth: A meta-analysis

Valickova, Petra; Havranek, Tomas; Horváth, Roman - 2013

. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker …

Persistent link: https://www.econbiz.de/10010318426