corporate financial structure and managerial incentives

... determinants of corporate share ownership structures. 4 The literature emphasizes the roles of customs, social norms, and law and legal systems in shaping the structure of property rights and their ... meeting at Atlanta, and the 2001 Conference on Designing Financial Systems in East Asia and Japan organized by IMF and Hitotsubashi University. T.J. Wong acknowledges the financial support of ... regulators and policy makers to understand the causes of the low quality of reported accounting information in the region. This paper focuses on the relations between corporate ownership structure and

Ngày tải lên: 18/02/2014, 01:20

... determinant of the cost of capital and the yield on savings (Prati and Shinasi, 1997; McCauley and White, 1997). Similarly, differences in the size and structure of households’ and firms’ balance sheets ... (MTM) is the financial structure of the economy. Building on the BIS reports of 1994 and 1995, a number of economists have emphasised that cross-country differences in financial structure may ... in financial structure across euro area countries and their implications for the interest rate channel of the monetary transmission mechanism. It focuses on those differences in financial structure

Ngày tải lên: 15/03/2014, 14:20

... TỔ CHỨC TÀI CHÍNH VÀ KHỦNG HOẢNG TÀI CHÍNH BÀI BÁO SỐ " FINANCIAL STRUCTURE AND FINANCIAL CRISIS" Thành viên nhóm: Nguyễn Thị Châu Cao Thị Anh Lài Bùi Thị Lý Bùi Thế ... hàng, xảy khủng hoảng tiền tệ Hầu hết quốc gia OECD trải qua giai đoạn tương tự nghiêm trọng Scandinavia Higgins Osler (1997) xem xét 18 quốc gia OECD ghi nhận tăng mạnhvề Giá bất động sản chứng ... Bài viết vừa miêu tả mô hình bong bóng khủng hoảng tài xảy sau đó, điều thường thấy Đông Nam Á, Scandinavia nhiều nước khác Người ta cho hệ thống tài chính, cho dù dựa vào ngân hàng hay thị trường,

Ngày tải lên: 26/01/2016, 12:47

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Cross-country comparisons of banks, markets and ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 31/08/2020, 13:56

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Cross-country comparisons of banks, markets and ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 17/09/2020, 12:49

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Crosscountry comparisons of banks, markets and development ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 26/09/2020, 09:38

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Cross-country comparisons of banks, markets and ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 30/12/2020, 16:23

... Chapter 13 Financial Structure and International Debt Optimal Financial Structure • The domestic theory of optimal financial structure must be  modified considerably to encompass the multinational firm ... Most finance theorists are now in agreement about whether an  optimal financial structure exists for a firm, and if so, how it can be  determined • When taxes and bankruptcy costs are considered, a firm has an  optimal financial structure determined by that particular mix of  ... reserved 60 80 100 Total Debt (D) Total Assets (V) 13-4 Optimal Financial Structure and the MNE • The domestic theory of optimal financial  structures needs to be modified by four more  variables in order to accommodate the case of 

Ngày tải lên: 24/12/2021, 20:44

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Cross-country comparisons of banks, markets and ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 16/07/2022, 15:11

... literature (Anderson and Holt, 1996 and 1997; Hung and Plott, 2001) Another recent experimental study of behavioral conformity is by Tingling and Parent (2002), who employ senior IT and business ... J., and P Klemperer (2001), “Coordination and Lock-in: Competition with Switching Costs and Network Effects,” Handbook of Industrial Organization, Volume 3, North Holland: Amsterdam, Netherlands ... EXTERNALITIES, INFORMATIONAL CASCADES AND MANAGERIAL INCENTIVES: A THEORETICAL FRAMEWORK FOR IT ADOPTION HERDING Robert J Kauffman Professor and Chair, Information and Decision Sciences Co-Director,

Ngày tải lên: 18/10/2022, 15:19

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Crosscountry comparisons of banks, markets and development ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 21/10/2022, 22:17

... effects of financial structure and development on a country’s economy and also economic growth Our results show that financial structure and development affect a country’s economy and economic ... (2002) Financial structure, corporate finance, and economic growth In A Demirguc-Kunt & R Levine (Eds.), Financial structure and economic growth: Cross-country comparisons of banks, markets and ... of Jansen and Murphy (1990); Holstrom and Tirole (1993); Boot and Thakor (1997); Levine (1997); Boyd and Smith (1998); Wenger and Kaserer (1998) instead favors a large and efficient financial

Ngày tải lên: 28/11/2022, 23:49

... in the Scandinavian countries Allen and Gale (2000a) not analyse the relationship between financial and real sectors However, Bernanke (1983), Bernanke and Gertler (1989) and Holmstrom and Tirole ... Review of Finance Ltd 2001 Financial Structure and Financial Crisis sharp increase in corporate bankruptcies and non-performing loans According to Brown et al (1998), most financial institutions ... output occurs and the recession lasts for an average of about a year and a half In a study of the relationship between financial liberalization and financial fragility, Demirguc-Kunt and Detragiache

Ngày tải lên: 08/12/2022, 23:06

... collected from a structured questionnaire that was developed and sent to managers, staffs, and workers in both state-owned and privatized companies, we show that the people and market orientations ... of internal communication and co-operation between individuals and units  Performance orientation concerns responsibility in meeting objectives and results, and merits and rewards  People orientation ... www.ccsenet.org/ijef International Journal of Economics and Finance Vol 3, No 4; September 2011 Corporate Ownership Structure and Organizational Culture in A Transition Economy: The Case

Ngày tải lên: 09/12/2022, 11:38

... collected from a structured questionnaire that was developed and sent to managers, staffs, and workers in both state-owned and privatized companies, we show that the people and market orientations ... of internal communication and co-operation between individuals and units  Performance orientation concerns responsibility in meeting objectives and results, and merits and rewards  People orientation ... www.ccsenet.org/ijef International Journal of Economics and Finance Vol 3, No 4; September 2011 Corporate Ownership Structure and Organizational Culture in A Transition Economy: The Case

Ngày tải lên: 09/12/2022, 11:38

... achieving high corporate financial performance (CFP) and low corporate financial risk (CFR) outcomes Our study also investigates the specific configurations of ESG pillars that lead to high CFP and low ... existing literature by examining the relationship between ESG pillars and corporate financial performance (CFP) and corporate financial risk (CFR) from a configuration perspective, rather than solely ... Analysis (fsQCA) to investigate the relationship between ESG pillars and corporate financial performance (CFP) and corporate financial risk (CFR) in manufacturing firms Utilizing Fs QCA 4.0 software,

Ngày tải lên: 28/02/2025, 22:52

... market timing theory 16 2.2 Corporate financial performance 18 2.3 Factors affecting Corporate financial performance 20 2.4 Leverage 21 2.5 Leverage and Corporate financial performance 22 2.6 ... Singapore, Thailand and Vietnam 1.1.2 Significance of research Many models have been built to measure and predict factors affecting corporate financial performance Includes micro and macro factors ... study: - Practical application of Capital Structure and practical lessons from effective capital structure implementation - The Impact of Capital Structure and Financial Performance of companies listed

Ngày tải lên: 05/12/2023, 17:13

... A. Impact of Crisis on the Level and Composition of GDP 12 B. Corporate Financial Structure and Impact of Crisis on GDP 14 V. Corporate Financial Structure and Financial Stability: Econometric ... Review 4 III. Corporate Financial Structure for Industrial and Emerging Market Countries 7 A. Stock Data 7 B. Flow Data 10 C. Crises Data 11 IV. Corporate Financial Structure and Financial Stability: ... implications of corporate financial structure for financial fragility are measured here empirically by examining shifts in the size and composition of financial flows and expenditures by the corporate...

Ngày tải lên: 17/12/2013, 05:15

... competition can provide the incentives to expand financial services. Both pru- dential and competition policies (including licensing and entry, exit and merger policies, and branching and similar regulations) ... Financial Structure and Development Assessment The measures chosen as quantitative indicators for financial structure and development assessment will naturally include basic indicators of financial ... services requires that financial policies and financial system structures be adjusted as needed in response to financial innovations and shifts in the broader macroeconomic and institu- tional...

Ngày tải lên: 17/12/2013, 05:15