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This paper examines the extent to which differences in legal tradition, judicial efficiency, and investor protection affect debt financing and risk taking across developing economies. We find that firms in common law countries have the highest preference for debt financing while corporations in...
Persistent link: https://www.econbiz.de/10013128516
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...
Persistent link: https://www.econbiz.de/10013025428
Using an extensive panel of cross-border Mamp;A transactions between 1990 and 2007, we find that firms from developing countries (versus those from developed countries) bid higher on average to acquire assets in developed countries. We are interested in why these higher bids occur. We find that...
Persistent link: https://www.econbiz.de/10012717101
We use social identity and agency logic to theorize and test hypotheses about how migrants' different abilities and motivations tied to tenure abroad change the impact of their remittances on venture investment back home. Regression and related analyses of remittances to 33 developing countries...
Persistent link: https://www.econbiz.de/10012847579
There is substantial research on how women differ from men as new business (venture) founders, but little on how women may differ from men as venture funders. We respond with theory and evidence from an unconventional venture funding context: migrants' remittances to developing countries. We...
Persistent link: https://www.econbiz.de/10012848298
Purpose -- This paper investigates whether firm-level corporate governance has an influence on the equity financing patterns in an emerging economy such as Bangladesh.Design/methodology/approach -- The regression framework uses a questionnaire survey-based corporate governance index (CGI)...
Persistent link: https://www.econbiz.de/10012972621
The objective of this article is to highlight some of the key changes because of the transition from IFRS 4 to IFRS 17 and how the financial information presented by the insurance companies will transform from 1 January 2023
Persistent link: https://www.econbiz.de/10014244481
This presentation is about poverty and redistribution in emerging economics. It was prepared for the Asian Development Bank’s Distinguished Speakers Program held on 25 October 2011 at the ADB Headquarters. Various types of poverty alleviation programs are discussed, and the central role of...
Persistent link: https://www.econbiz.de/10014173233
Given that Mexican companies holding foreign currency debt are extremely exposed to the volatility in currency exchange rates, we ask if the required returns determined by the Local CAPM model and those determined by the Global CAPM model are significantly different. In our study, which was...
Persistent link: https://www.econbiz.de/10013065193
International bond issuance by debut issuers has risen in recent years. The uptick was a result of both demand and supply factors. The search for yield and demand for portfolio diversification have resulted in demand-driven easy financing conditions. At the same time, rising financing needs for...
Persistent link: https://www.econbiz.de/10013049167