This study examines the relationship between banks, stock markets and economic growth in South Africa. The study attempts to answer one critical question: are stock markets and banks complementary to one another in the process of enhancing economic growth? The complementarity between the stock...

This paper contributes to the analysis of the impact of externalities on the host country's total factor productivity by taking into account different dimensions of spillover effects. Namely, engagement in exporting and foreign ownership is generally perceived as being beneficial to individual...

Using administrative data from Finland, this paper empirically examines the relationship between university graduates' early career earnings and three measures of university quality: the number of teachers per student, the number of publications per researcher and the number of applicants per...

This paper investigates the issue of the bank-lending channel in Switzerland. Using survey data to reflect loan supply and demand factors, we investigate the dynamic behaviour of aggregate loans in a VAR setting. Our findings indicate that higher interest rates lead to tightened loan approvals,...

The paper examines the association between financial performance and boards of non-financial firms. Using data on over 200 listed manufacturing firms in India for 2005, the findings indicate that, after controlling for various firm-specific factors, board diligence as well as director busyness...

Although an extensive literature has developed on modeling the loss reserve runoff triangle, the estimation of severity distributions applicable to claims settled in specific cells of the runoff triangle has received little attention in the literature. This paper proposes the use of a very...

This study examines the differential impact of major bilateral trade flows on labour market inequality for the period 1983 to 2000. The focus is on the key trading partners of Malaysia, which are the Association of the Southeast Asian Nations (ASEAN), the United States of America and Japan. The...

The present study uses the latest data available from ExecuComp in order to estimate an economic model of the determinants of CEO compensation. Examining 975 CEO’s over the period 1992-2002, the present study finds that experience had a positive effect on CEO pay, while industry specific...

Most studies of wage differentials explain such differentials in terms of factors like gender, race, and human capital. But systematic gaps in earnings can arise even among homogenous individuals as a result of asymmetric employer and worker information gaps, thereby reflecting labour market...