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Abstract: We assess the welfare effects of highway privatization accounting for government’s behavior in setting the sale price, firms’ strategic behavior in setting tolls in various competitive environments, and motorists’ heterogeneous preferences for speedy and reliable travel. We...
Persistent link: https://www.econbiz.de/10005016408
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. We show however, that competition for repayment among lenders may result in a sovereign debt that is...
Persistent link: https://www.econbiz.de/10005769274
The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial...
Persistent link: https://www.econbiz.de/10008519478
took on the characteristics of social insurance and underwent a concentration process driven by mergers, liquidations, and … quantitative evidence from a regression model, provides new insights into the first social-insurance merger wave in Germany. While … most contemporary sources convey the impression that funds were merged to stabilize the entire insurance scheme by sorting …
Persistent link: https://www.econbiz.de/10010285469
Persistent link: https://www.econbiz.de/10013275896
This research is aimed to investigate the determinants of financial distress of insurance companies in Ethiopia using … balanced panel data from eleven insurance companies for the period covering from 2008 to 2019. A quantitative approach and … from annual financial statements of sampled insurance companies for the stated period and analyzed using descriptive …
Persistent link: https://www.econbiz.de/10012642998
Persistent link: https://www.econbiz.de/10011776483
Ethiopian insurance companies. A panel dataset was obtained from 11 insurance companies which range from 2010 to 2021. The study …
Persistent link: https://www.econbiz.de/10014497152
The development of financial sectors is considered as one of vital determinants of the growth of Ethiopian economy, and for secure equitable distribution of the benefits to the society. However, financial distress has an effect on the sectors. This review was conducted to assess financial...
Persistent link: https://www.econbiz.de/10015074006
The development of financial sectors is considered as one of vital determinants of the growth of Ethiopian economy, and for secure equitable distribution of the benefits to the society. However, financial distress has an effect on the sectors. This review was conducted to assess financial...
Persistent link: https://www.econbiz.de/10013461849