Showing 61 - 70 of 474
Persistent link: https://www.econbiz.de/10012634902
Purpose: Studies on corporate boards examine how social ties between the CEO and independent board members affect the effectiveness of board monitoring. Much evidence suggests that social connections between the CEO and independent directors are associated with inadequate monitoring and lower...
Persistent link: https://www.econbiz.de/10012638874
In order to improve outage property of cooperative communication system, directional antenna technology could be introduced. The paper proposes single relay AF cooperative communication protocol based on directional antenna and deduces the outage probability of system in fully directional mode...
Persistent link: https://www.econbiz.de/10012043279
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Purpose: The purpose of this paper is to identify whether negative operating cash flows are related to investment inefficiency, and specifically whether they are related to subsequent overinvestment and if this relationship is driven by agency problems within the firm....
Persistent link: https://www.econbiz.de/10012641550
Persistent link: https://www.econbiz.de/10012810106
Purpose: The purpose of this paper is to identify the relation between cash flow volatility and trade credit offered by firms in developing Asian economies. Design/methodology/approach: The study conducts country fixed effect regressions testing the relationship between cash flow volatility and...
Persistent link: https://www.econbiz.de/10012070334
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We build a general equilibrium model of bank competition in which securitization is the banks�optimal choice. A symmetric capacity-constrained Bertrand competition equilibrium exists as in the directed search literature, e.g., Burdett, Shi and Wright (2001). A key feature of the model is that...
Persistent link: https://www.econbiz.de/10011258629
We argue that financial frictions and financial shocks can be an important factor behind the slow recoveries from the three most recent recessions. To illustrate this point, we augment a simple RBC model with a collateral constraint whose tightness is randomly disturbed by a shock that...
Persistent link: https://www.econbiz.de/10011261642