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economies of scope, exist in the production of banking services. Using the multiproduct cost economies approach, the existence …Consistent with the previous findings, we find overall scale economies exist in banking in small banks. Unlike the …
Persistent link: https://www.econbiz.de/10009477880
The Introductory chapter briefly describes the unintended emergence of the seconday market for developing country loans after protracted and unsuccessful negotiations between lending bankers and the indebted countries. The innovative Brady plan presented the banks involved in this market with...
Persistent link: https://www.econbiz.de/10009477908
The main purpose of the thesis is to investigate the link between financial policy and economic growth by focusing on the link between financial intermediation and capital accumulation. The investigation strategy is to examine the effect of recent reform in financial markets in Taiwan on its...
Persistent link: https://www.econbiz.de/10009477917
In the first essay, "Do Firms Knowingly Sell Overvalued Equity?", I develop a simple equilibrium model which shows that insider trading around seasoned equity offerings (SEO) depends on both the quality of issuing firms and insiders' exogenous consumption shocks, neither of which are known by...
Persistent link: https://www.econbiz.de/10009477918
contains a historical and institutional view of the development of the banking system in Colombia, its relation with the stock …
Persistent link: https://www.econbiz.de/10009477957
The economic analysis of financial intermediaries has been a growing field. The goal of many works in this area has been to show that contractual arrangements can lead to symmetric Pareto optimal allocations in an economy with asymmetric private information.
Persistent link: https://www.econbiz.de/10009477962
This study tests empirically contracting theory in financial market. The model is based on Krasa and Villamil model (1992) which is modified to let each investor has k units of endowment, each bank has equity B, and monitoring cost depends on project size. In this model loan size per...
Persistent link: https://www.econbiz.de/10009480733
This study aims to explore the impact of self-service technologies (SSTs) on the behaviour of Chinese banking customers … and a low technology readiness index (TRI) and (2) To understand the types of perceived risks within the banking industry … services for the reason that the banking industry has the longest development history in SSTs. The research was conducted using …
Persistent link: https://www.econbiz.de/10009447175
The focus of this research is on management's communication of uncertainty (attested to by auditors) and the potential for miscommunication due to the communication mode used in accounting disclosures. The following two research questions are addressed: First, do users of financial statements...
Persistent link: https://www.econbiz.de/10009431348
Financial regulations require publicly traded firms to disclose firm-specific information relating to their financial performance as well as forecasts of future prospects disclosed to anyone outside the firm. Profit warnings present important market information as to the recent past firm...
Persistent link: https://www.econbiz.de/10009431391