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Does private equity investment spur innovation? Evidence from Europe

Popov, Alexander; Roosenboom, Peter - 2009

covering the period 1991-2004, we study how private equity finance affects patent applications and patent grants. We address …

Persistent link: https://www.econbiz.de/10011605109

Can we predict vulnerability to poverty?

Zhang, Yuan; Wan, Guanghua - 2008

There are alternative definitions of vulnerability to poverty. Most researchers prefer to define vulnerability as the probability of a household or individual falling into poverty in the future. Based on this definition and using household survey panel data from rural China, this paper attempt...

Persistent link: https://www.econbiz.de/10010273515

Business cycles: A role for imperfect competition in the banking system

Mandelman, Federico S. - 2006

This paper studies the cyclical pattern of ex post markups in the banking system using balance-sheet data for a large set of countries. Markups are strongly countercyclical even after controlling for financial development, banking concentration, operational costs, inflation, and simultaneity or...

Persistent link: https://www.econbiz.de/10010292221

Dynamic Optimal Capital Structure and Technological Change

Lööf, Hans - 2003

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...

Persistent link: https://www.econbiz.de/10010298124

What drives portfolio investments of German banks in emerging capital markets?

Wildmann, Christian - 2010

After decades of steady liberalisation and financial market development, emerging capital markets experienced unparalleled capital inflows in the aftermath of the emerging markets crisis in the 1990s. This paper studies portfolio investment decisions of German banks in 30 emerging capital...

Persistent link: https://www.econbiz.de/10010300704

Openness and the finance-growth nexus

Herwartz, Helmut; Walle, Yabibal M. - In: Journal of Banking & Finance 48 (2014) C, pp. 235-247

development, we study whether finance continues to be growth promoting as economies become increasingly open—a key implicit … economies. Notable exceptions are the invariance of the finance-growth (FG) nexus on trade openness in OECD economies and the … facilitating economic growth through financial development. While subsequent research confirms that openness affects financial …

Persistent link: https://www.econbiz.de/10011077986

To what extent do infrastructure and financial sectors reforms interplay? Evidence from panel data on the power sector in developing countries

Ba, Lika; Gasmi, Farid - Institut d'Économie Industrielle (IDEI), Toulouse … - 2011

The main goal of this study is to demonstrate the existence of a significant empirical link between infrastructure and financial sectors reforms the effects of which are reflected in infrastructure sectors performance. This paper reports on the findings of an exploration of this issue for the...

Persistent link: https://www.econbiz.de/10009399295

How Can Economic and Political Liberalisation Improve Financial Development in African Countries?

Enowbi Batuo, Michael; Kupukile, Mlambo - Volkswirtschaftliche Fakultät, … - 2009

The objective of this paper is to study the interactions between economic liberalisation, political liberalisation and financial development in African countries. More specifically, we seek to establish the impact of economic, political and institutional openness on financial deepening. The...

Persistent link: https://www.econbiz.de/10008636491

Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries

Bist, Jagadish Prasad - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-17

This paper aims to investigate the long-run relationship between financial development and economic growth using panel … growth. The long-run panel estimates indicate that financial development has a positive and significant impact on economic … growth. For the robustness of the results, this paper has also performed time-series analysis on a single country basis. The …

Persistent link: https://www.econbiz.de/10011988841

The financial inclusion agenda: Examining the role of conventional banks in deepening access to formal credit

Iddrisu, Abdul Malik; Danquah, Michael - 2021

Using a unique district-level panel data set, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking system to instrument...

Persistent link: https://www.econbiz.de/10012651145