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Were modern capital structure theories valid before World War I?

DELOOF, Marc; VAN OVERFELT, Wouter - Faculteit Toegepaste Economische Wetenschappen, … - 2007

This study investigates whether capital structure theory can explain debt ratios in an historical environment which was characterized by poor investor protection, booming stock markets and strong banks, and in which corporate income tax did not affect capital structure. Our results, based on a...

Persistent link: https://www.econbiz.de/10005824268

CORPORATE GOVERNANCE: CHALLENGES FOR LATIN AMERICA

LEFORT, FERNANDO; WALKER, EDUARDO - In: Abante 2 (2000) 2, pp. 99-111

Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...

Persistent link: https://www.econbiz.de/10005813742

Financial development and FDI inflows in China

Khan, Hameed; Khan, Umair - 2019

In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...

Persistent link: https://www.econbiz.de/10012120808

Financial development and FDI inflows in China

Khan, Hameed; Khan, Umair - 2019

Persistent link: https://www.econbiz.de/10012120045

Financial Development and Technology

Tadesse, Solomon - William Davidson Institute, University of Michigan - 2005

Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...

Persistent link: https://www.econbiz.de/10005784702

Financial Development and Technology

Tadesse, Solomon - William Davidson Institute, University of Michigan - 2007

Persistent link: https://www.econbiz.de/10005652518

Credit supply and corporate innovation

Amore, Mario Daniele; Schneider, Cédric; Žaldokas, Alminas - In: Journal of Financial Economics 109 (2013) 3, pp. 835-855

We present evidence that banking development plays a key role in technological progress. We focus on manufacturing firms' innovative performance, measured by patent-based metrics, and employ exogenous variations in banking development arising from the staggered deregulation of banking activities...

Persistent link: https://www.econbiz.de/10011039227

Bank Ownership and Financial Stability

Perotti, Enrico; Vorage, Marcel - 2010

We study a politician's choice for state or private control of banks. The choice trades of lobbying contributions …

Persistent link: https://www.econbiz.de/10010325737

Between capture and discretion - The determinants of distressed bank treatment and expected government support

Ignatowski, Magdalena; Korte, Josef; Werger, Charlotte - 2015

’ sources of influence (e.g., lobbying expenditures, proximity to the relevant legislative committee, prior affiliation with … sources of influence in actual regulatory treatment: Lobbying activities are more effective with increasing lobbying …

Persistent link: https://www.econbiz.de/10011605880

On banking regulation and lobbying

Gersbach, Hans; Papageorgiou, Stylianos - 2019

equilibrium setting, capital requirements and lobbying contributions are determined as the outcome of bargaining between banks and … politicians. We show that bankers and politicians agree on lobbying contributions and capital regulation that renders banks … capital regulation standards from international agreements eliminate lobbying incentives, yielding an efficient and fair …

Persistent link: https://www.econbiz.de/10011985390