This paper analyses the performance of state-owned business groups in China. Group affiliation can be important for economic policy evaluation since the Chinese government promotes the formation of business groups as a first step in the process of reforming state enterprises into modern...

In this study we examine private investment behavior of firms in the Czech Republic. A special feature of the study is that the investment equations include variables which may give some more insights into the role of capital market imperfections as well as the effect of uncertainty. Our results...

Purpose – The purpose of this paper is to review the most recent scientific literature on the determinants explaining the demand for index-insurance, the impact of index-insurance and the existing links between insurance and credit. In this meta-analysis, the authors identify key discoveries...

Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- List of figures -- List of tables -- List of contributors -- Acknowledgements -- Chapter 1 Introduction to contemporary issues in development finance -- Chapter 2 Finance, economic growth, and development -- Chapter 3...

The within-group reallocation of capital is a crucial feature in theories of business groups. We analyze the functioning of internal capital markets in Indian business groups by comparing the affiliated companies' investment behavior to that of stand-alone peers. Moreover, we construct measures...

Sovereign-bank feedback loops have been at the heart of the euro area crisis and many previous debt crises. We regress a market measure of interdependency – the correlation between sovereign and bank credit default swaps (CDS) – against various fundamental indicators of interlinkages and...