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important role in creating funds to finance the expansion of the industrial sector. … 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 dissertation provides extensive empirical evidence--a large sample study over a long period--about the link between strategy and shareholder value. In contrast to the typical measure of shareholder value--stock price times the number of shares outstanding--this dissertation uses beta excess...
Persistent link: https://www.econbiz.de/10009477731
Literature regarding the gains from internationalization is mixed and ambiguous. This may be because the previous literature ignores issues such as technological push and pull factors that attract foreign investment, industry competitiveness and rivalry among industry participants, the policy of...
Persistent link: https://www.econbiz.de/10009431642
used to measure competition and cost efficiency in the US banking industry (1990--96). Competition in loan and deposit …
Persistent link: https://www.econbiz.de/10009441862
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
Essay 1 extends the existing theoretical framework to incorporate a bank's charter value and analyze directly its effect on the pricing of deposit insurance. It derives values of deposit insurance with both deterministic and stochastic charter values. It is shown that significant charter value...
Persistent link: https://www.econbiz.de/10009477693
magnitude and types of performance changes that have occurred in the banking industry are a significant public interest concern …
Persistent link: https://www.econbiz.de/10009477713
their share of formal credit. Second, SMEs' most important source of investment finance is their internal resources …, followed by banking institutions, supplier's credit and the extrabanking market or informal credit. Third, administrative costs … rather than selling short term assets. This shows that firms did not need to wait to accumulate assets to finance their peak …
Persistent link: https://www.econbiz.de/10009477735
This research uses the Cox proportional hazard model and bank cash flow information to determine whether adding cash flow information will improve current bank failure prediction methods. In two published papers it has been shown that the Cox model performs as well as other models with respect...
Persistent link: https://www.econbiz.de/10009477838