Showing 1 - 10 of 46
One important aspect of financial markets is that there might be some traders that intentionally mislead other market participants by creating illusions in order to obtain a profit. We call this new concept illusionary finance. We present an analysis of how illusions can be created and...
Persistent link: https://www.econbiz.de/10005043016
The behavioural approach to decision making under uncertainty combines insights from psychology and sociology into economic decision making. It steps away from the normative homo economicus and introduces a positive approach to human decision making under uncertainty. We provide an overview of...
Persistent link: https://www.econbiz.de/10011256779
The hierarchical Property Ladder is often said to encapsulate the British housing market. This overtly rational investment driven theory is explored in its truthfulness. Behavioural biases are shown in house price data for the British market over the last two decades. Additionally, survey...
Persistent link: https://www.econbiz.de/10010800689
In this paper we study the ways in which the firm's choice of liquid assets is affected by the pattern of share ownership and by the control structures within the firm. We distinguish between three separate ways in which these relationships can affect liquid- ity. First, ownership concentration...
Persistent link: https://www.econbiz.de/10005404517
Persistent link: https://www.econbiz.de/10010900077
We describe the competitive environment of microcredit markets globally and we study the effects of competition on loan rates of microfinance institutions (MFIs). We use a new database from rating agencies, covering 379 for-profit and nonprofit MFIs in 67 countries over 2002-2008. First, we find...
Persistent link: https://www.econbiz.de/10010860646
Persistent link: https://www.econbiz.de/10010926561
We study the relationship between liquid asset holding and the pattern of share ownership and control structures within the firm. We explore these issues using a data set of Belgian firms that is particularly well suited to studying the institutions of control oriented finance. The data include...
Persistent link: https://www.econbiz.de/10010746176
In this study we investigate empirically the relationship between ownership structure of Belgian listed firms, and their performance measured by Tobin’s Q. We focus on the management and the largest shareholders equity ownership. We use first a cross-sectional estimation from 1991 to 1996....
Persistent link: https://www.econbiz.de/10004985328
We study the relationship between liquid asset holding and the pattern of share ownership and control structures within the firm. We explore these issues using a data set of Belgian firms that is particularly well suited to studying the institutions of control oriented finance. The data include...
Persistent link: https://www.econbiz.de/10004997417