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Following the controversial discussion on the banking industry's performance in Europe and particularly in Germany, this study empirically analyses the main driving forces of banks' and the banking systems' profitability: Using recursive partitioning, the sample of around 3,000 European banks is...
Persistent link: https://www.econbiz.de/10012729879
This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...
Persistent link: https://www.econbiz.de/10012263312
We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …
Persistent link: https://www.econbiz.de/10011335779
The Italian and German banking systems shared similar characteristics early in the 1990s but have evolved in different directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state-owned savings banks. Contemporaneously, banks in both...
Persistent link: https://www.econbiz.de/10003813058
In Romania, as in many Central and Eastern Europe countries, during the communist regime all the banks were owned by the state and their activities were circumscribed by rigid norms. After the communist regime had fallen, the state owned banks had to adapt to a competitive environment. The...
Persistent link: https://www.econbiz.de/10013099045
Using a sample of privately owned listed firms in China, we document that firms' political connections have a positive effect on their likelihood of becoming insolvent and inefficient (which we call zombies or zombie firms). The results are more pronounced for firms that are located in regions...
Persistent link: https://www.econbiz.de/10012853182
The Italian and German banking systems shared similar characteristics early in the 1990s but have evolved in different directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state-owned savings banks. Contemporaneously, banks in both...
Persistent link: https://www.econbiz.de/10012989262
voices heard making it difficult to reach a compromise. This is exacerbated when privatization exercise involves state … parties, employees and some religious groups.This study has observed that arguments advanced by opposers of the privatization … justifications for privatization as well as chronology of any pertinent events leading to the decision for privatization …
Persistent link: https://www.econbiz.de/10013033165
This article uses Israel's ongoing process of bank privatization to explore the link between privatization programs and … shareholders to widely held firms. The government may therefore prefer selling a control block in the firm undergoing privatization …
Persistent link: https://www.econbiz.de/10013037630
We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …
Persistent link: https://www.econbiz.de/10011598302