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Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the poorest sections of society. In India, financial inclusion emphasizes to include maximum number of people under formal financial systems. The most important part of financial...
Persistent link: https://www.econbiz.de/10005070421
It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as … 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were … able to eliminate the performance/efficiency gap that existed between them and domestic private sector and foreign banks. …
Persistent link: https://www.econbiz.de/10005677497
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role … models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial …
Persistent link: https://www.econbiz.de/10005822244
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
Persistent link: https://www.econbiz.de/10005822324
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...
Persistent link: https://www.econbiz.de/10010796455
, the government would bear responsibility for the management and future resale of toxic assets at its own cost and …
Persistent link: https://www.econbiz.de/10008632733
Existing literature suggests that entrepreneurs with prior firm-founding experience have more skills and social connections than novice entrepreneurs. Such skills and social connections could give experienced founders some advantage in the process of raising venture capital. This paper uses a...
Persistent link: https://www.econbiz.de/10005763601
This article examines effects of dyadic ties and interpersonal trust on referrals and investment decisions of venture capitalists in the Chinese and Russian contexts. The study uses the postulate of transitivity of social network theory as a conceptual framework. The findings reveal that...
Persistent link: https://www.econbiz.de/10005784706
In this paper, we provide a novel rationale for credit ratings. The rationale that we propose is that credit ratings can serve as a coordinating mechanism in situations where multiple equilibria can obtain. We show that credit ratings provide a "focal point" for firms and their investors. We...
Persistent link: https://www.econbiz.de/10005489915
Most studies on entrepreneurs’ networks incorporate social capital and networks as independent variables that affect entrepreneurs’ actions and its outcomes. By contrast, this article examines social capital of the Chinese and Russian entrepreneurs and venture capitalists as dependent...
Persistent link: https://www.econbiz.de/10005651482