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factor productivity growth. This paper does not find similar effects of financial liberalization on efficiency at large firms …
Persistent link: https://www.econbiz.de/10013053824
This paper investigates whether corporate insiders earn excess profits by using private information unknown to outside investors or by trading their own firms' stock based on contrarian belief.Examining insider trades in the Korea stock market from 2005 to 2014, I document that both the use of...
Persistent link: https://www.econbiz.de/10012984952
Persistent link: https://www.econbiz.de/10012993855
Korean banking sector. We examine the effects of market concentration on bank efficiency and competition for the period of … market concentration has not improved bank efficiency through scale economies or scope economies. Instead, recent mergers … efficiency, an increase in the overall market concentration ratio resulted in lower efficiency. Our study also finds that the …
Persistent link: https://www.econbiz.de/10012994618
- The allocative efficiency in Korea is on a rapid downturn. - Based on Statistics Korea's Survey of Business … find that allocative efficiency has continued to decline since 2008 (labor productivity from 2008, TFP from 2011). - Using … the methodology proposed by Melitz and Polanec (2015), allocative efficiency was measured through the covariance between …
Persistent link: https://www.econbiz.de/10012921107
Persistent link: https://www.econbiz.de/10012613361
This study examines whether a public-private partnership (PPP) arrangement improved operational cost efficiency in …
Persistent link: https://www.econbiz.de/10013032289
Persistent link: https://www.econbiz.de/10010187606
Persistent link: https://www.econbiz.de/10012128462
This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that … that the effects of the origin of the debt on investment efficiency would be differential. Debt origin was divided into … relationship between the private debt and investment efficiency, while there is a significant positive relationship between public …
Persistent link: https://www.econbiz.de/10012291782