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Multinational Affiliates and Local Financial Markets

Sayek, Selin; Lehmann, Alexander; Kang, Hyoung Goo - International Monetary Fund (IMF) - 2004

-country corporate tax rates, exchange rate variability, local currency-denominated sales, and financial development. Factors that …

Persistent link: https://www.econbiz.de/10005263683

High and Volatile Treasury Yields in Tanzania; The Role of Strategic Bidding and Auction Microstructure

Sobolev, Yuri Vladimirovich; Abbas, S. M. Ali - International Monetary Fund (IMF) - 2008

The observed increase in the level and volatility of Tanzania's Treasury yields in recent years against an otherwise benign macroeconomic backdrop presented a puzzle for policymakers, while raising concerns about the fiscal burden of rising debt interest payments and diversion of bank credit...

Persistent link: https://www.econbiz.de/10005264088

The setting of a coalition contract between controlling shareholder, managers and employees: How to mix incentive and political logics?

Bruslerie, Hubert De La - HAL - 2011

The leveraging of control is the possibility for the controlling shareholder to lower her direct participation in capital through a convergence of financial and economic interest with other shareholders or would-be shareholders in the firm. In this paper, the setting of a coalition contract is...

Persistent link: https://www.econbiz.de/10009650748

The Valuation Effects of Geographic Diversification; Evidence From U.S. Banks

Laeven, Luc; Goetz, Martin R.; Levine, Ross - International Monetary Fund (IMF) - 2012

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...

Persistent link: https://www.econbiz.de/10009654142

Debt, Taxes, and Banks

Keen, Michael; Mooij, Ruud A. de - International Monetary Fund (IMF) - 2012

Understanding the impact of the asymmetric tax treatment of debt and equity on the capital structures of financial institutions is critical to shaping and assessing responses to the problem of excessive leverage that underlay the 2009 financial crisis - but there is no empirical evidence to draw...

Persistent link: https://www.econbiz.de/10009654151

Privatisation versus capital market: the corporate governance case of Bulgaria

Tchipev, Plamen D - Volkswirtschaftliche Fakultät, … - 2000

The paper presents some of the results of a survey of ownership sructure. The survey uses the classic tradition in the …

Persistent link: https://www.econbiz.de/10009654240

Concentration of ownership and corporate performance: evidence from the Zagreb Stock Exchange

Dzanic, Alen - In: Financial Theory and Practice 36 (2012) 1, pp. 29-52

This study examines the relationship between ownership structure and firm performance using a sample of firms listed on …-life hypothesis from Bertrand and Mullainathan (2003). Finally, it is shown that foreign ownership is not significantly better than …

Persistent link: https://www.econbiz.de/10010535183

OWNERSHIP STRUCTURE AND INTERACTION EFFECTS OF FIRM PERFORMANCE ON MANAGEMENT COMMENTARY DISCLOSURES

Roshayani Arshad Author_Email: roshayani@salam.uitm.edu.my - 2011

Persistent link: https://www.econbiz.de/10010535859

The Case of Cooperative Mixed Duopoly

Tennbakk, Berit - Institute for Research on Labor and Employment (IRLE), … - 1992

The paper focuses on markets in which firms with different ownership structures compete with each other in a one …

Persistent link: https://www.econbiz.de/10010538117

Financial Efficiency and the Ownership of Czech Firms

Kocenda, Evzen; Hanousek, Jan; Masika, Michal - William Davidson Institute, University of Michigan - 2011

over time, and how firm financial efficiency is determined by ownership structure. We employ a panel version of a … degrees of ownership concentration and their domestic or foreign origin. In a two-stage set-up we estimate the degree of firm … inefficiency and then we estimate the effect of ownership structure on the distance from the efficiency frontier. Our results …

Persistent link: https://www.econbiz.de/10010545914