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An application of growth diagnostics on the growth of firms: With evidence from Kosovo firms

Sahiti, Fadil; Smith, Helen Lawton - In: Journal of Innovation and Entrepreneurship 6 (2017) 16, pp. 1-24

This paper provides evidence on the impact of the business environment on the growth of firms in less-developed countries, with evidence from Kosovo firms. The theoretical perspective used is growth diagnostics. The data used to test the hypotheses were obtained from two different sources:...

Persistent link: https://www.econbiz.de/10011990638

The Argentina Paradox: Microexplanations and macropuzzles

Taylor, Alan M. - In: Latin American Economic Review 28 (2018) 1, pp. 1-17

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...

Persistent link: https://www.econbiz.de/10011994330

Banking without interest

Ilieva, Jana; Ristovska, Natasha; Kozuharov, Saso - In: UTMS Journal of Economics 8 (2017) 2, pp. 131-139

In recent years, there has been increased global awareness of Islamic finance. This topic is mainly opened with respect … banking is also given. Islamic finance technology solutions have matured and they will face various challenges in the …

Persistent link: https://www.econbiz.de/10011994716

Classes in maximizing shareholders' wealth: Irving Fisher's theory of the economic organization in corporate financial economics textbooks

Cardao-Pito, Tiago - In: Contemporary Economics 11 (2017) 4, pp. 369-382

Corporate financial economic programs are almost universally featured in economics and management degrees and, therefore, are an essential component of the culture-building process for current and future economists and managers. Nevertheless, these programs are not restricted to financial...

Persistent link: https://www.econbiz.de/10011995313

Finite difference methods for the BSDEs in finance

Guo, Guangbao - In: International Journal of Financial Studies 6 (2018) 1, pp. 1-15

This paper gives a review of numerical methods for solving the BSDEs, especially, finite difference methods. For numerical methods of finite difference, we should divide them into three branches. Distributed method (or parallel method) should now become a hot topic. It is a key reason we present...

Persistent link: https://www.econbiz.de/10011996091

Turkish SMEs' use of financial statements for decision making

VanAuken, Howard E.; Ascigil, Semra; Carraher, Shawn - In: The Journal of Entrepreneurial Finance (JEF) 19 (2017) 1

With a sample of 91 small Turkish firms, this study examines the factors that affect the use of financial statements, and the important information they contain, to make decisions. A principal components analysis identifies three key variables that determine the use of financial statements:...

Persistent link: https://www.econbiz.de/10012012665

Private equity in family firms: Drivers of the willingness to cede control

Henn, Marisa; Lutz, Eva - In: The Journal of Entrepreneurial Finance (JEF) 18 (2016) 2, pp. 1-46

Our aim is to empirically examine how reasons for using private equity (PE) and prior experience with PE affect the willingness of privately held firms to cede company control. Based on a questionnaire entailing 75 privately held firms backed by PE, we show that family firms cede less control...

Persistent link: https://www.econbiz.de/10012012682

Diversity in finance: An overview

Schmidt, Reinhard H. - 2019

questions is that there is still today a surprisingly high level of diversity in finance. This raises the two questions …

Persistent link: https://www.econbiz.de/10012052456

On the cross-sectional distribution of portfolio returns

Calès, Ludovic; Chalkis, Apostolos; Emiris, Ioannis Z. - 2019

The aim of this paper is to study the distribution of portfolio returns across portfolios and for given asset returns. We focus on the most common type of investment considering portfolios whose weights are non-negative and sum up to 1. We provide algorithms and formulas from computational...

Persistent link: https://www.econbiz.de/10012055438

Theory and evidence on the finance-growth relationship: The virtuous and unvirtuous cycles

Lauretta, Eliana; Chaudhry, Sajid M.; Mullineux, Andrew W. - 2016

endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance … virtuous cycle), whereas bad finance captures part of the created wealth and, thanks to a highly technologically advanced … the wealth trap. A VUC index has been developed by us to capture the status quo of the finance-growth relationship. A …

Persistent link: https://www.econbiz.de/10012058894