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Purpose – The purpose of this paper is to examine the effects of exchange rate and global industry shocks on the relative performance of global industries. Design/methodology/approach – In addition to SUR approach, we also use GARCH approach to control for heteroskedasticity. Findings –...
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Purpose – The purpose of this paper is to examine the impact of commercialization on capital structure, mission and performance of microfinance institutions (MFIs). Design/methodology/approach – Robust estimation techniques ranging from simple OLS to fixed and random effects, Tobit and...
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