Search Results - subject:"SELF-FINANCING"

On asset pricing in a binomial model with fixed and proportional transaction costs, portfolio constraints and dividends

Babaei, Esmaeil - In: Mathematical methods of operations research : ZOR 101 (2025) 1, pp. 29-50

Persistent link: https://www.econbiz.de/10015331075

Eeckhout, Jan - In: Journal of the European Economic Association : JEEA 23 (2025) 1, pp. 52-118

The real growth of the stock market value of firms has increased from close to 0% on average per year between 1958 and 1980, to 5.2% between 1980 and today. This change coincides with the rise of market power and profits, starting in 1980. This paper proposes to decompose the value of firms...

Persistent link: https://www.econbiz.de/10015357187

Firm self-financing, corruption, and the quality of tax administration in Africa

Moumbark, Toure; Koudalo, Yawovi M. A. - In: Cogent Economics & Finance 11 (2023) 2, pp. 1-28

This study aims to determine the impact of tax administration and corruption on firm self-financing in Africa. The … controlled for country, firm diversity, and survey year. The study reveals that corruption reduces a firm's self-financing by … negatively affecting its internal funds or retained earnings. In addition, weak tax administration reduces firm self-financing …

Persistent link: https://www.econbiz.de/10015074638

Neighbourhood cooperatives for the integrated urban regeneration of mass housing areas: speculations on a proposed model

Rosa-Jiménez, Carlos; Márquez-Ballesteros, María José; … - In: Social Enterprise Journal 19 (2023) 5, pp. 575-597

citizen initiative, self-management and self-financing in the form of the neighbourhood cooperative. This paper aims to … different trends in self-financing for urban regeneration and the conceptual framework for the definition of a cooperative model …

Persistent link: https://www.econbiz.de/10015014405

Firm self-financing, corruption, and the quality of tax administration in Africa

Moumbark, Toure; Koudalo, Yawovi M. A. - In: Cogent economics & finance 11 (2023) 2, pp. 1-28

Persistent link: https://www.econbiz.de/10014501159

Do increased tax base and reductions in the underground economy compensate for lost tax revenue following a tax reduction policy? : evidence from Italy 1982 to 2006

Orsi, Renzo; Seip, Knut Lehre - In: Economies : open access journal 11 (2023) 7, pp. 1-19

We here examine the frequent claim that an increase in the tax base and a decrease in tax evasion will compensate for a loss in tax revenues caused by a lower tax level. Using a unique data set for the estimated underground economy in Italy from 1982 to 2006, we found that a loss in tax revenues...

Persistent link: https://www.econbiz.de/10014321385

Sources for Financing Domestic Capital -- is Foreign Saving a Viable Option for Developing Countries?

Aizenman, Joshua; Pinto, Brian; Radziwill, Artur - 2021

main idea is to use the national accounts to construct a self-financing ratio, indicating what would have been the autarky … constructed measure of self-financing to evaluate the impact of the growing global financial integration on the sources of … has not changed the dispersion of self-financing rates, and the correlation between changes in de-facto financial …

Persistent link: https://www.econbiz.de/10013219723

Internal Finance and Growth : Microeconometric Evidence on Chinese Firms

Guariglia, Alessandra; Li, Xiaoxuan; Song, Lina - 2021

Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000-2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned...

Persistent link: https://www.econbiz.de/10013324808

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2021

and (c) are self-financing. We construct a microfounded, dynamic model of hiring and separations and calibrate it with …

Persistent link: https://www.econbiz.de/10013316994

Self-financing roads under coarse tolling and heterogeneous preferences

van den Berg, Vincent - 2022

We consider if a road is self-financing under flat or step tolling and optimized capacity while incorporating … reduce the distortion from overpricing High-VOT users. This was ignored in previous work and makes self-financing less likely … there not to be loss; and, typically, there is a 5% to 15% loss. Imposing self-financing only causes a small welfare loss of …

Persistent link: https://www.econbiz.de/10013356501