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The availability of a unique data set of financially distressed firms enabled this study to apply the dynamic capital structure adjustment model to a study of capital structure. In addition, the factors driving capital structure adjustment of financially distressed and of healthy firms were...
Persistent link: https://www.econbiz.de/10009441702
This dissertation focuses on two topics in semiparametric statistical methods and their applications in medical science: (1) prediction of patients? lifetimes based on their risk profiles; (2) estimation of dynamic exposure effects on survival outcomes. In Chapter II, we develop multiple...
Persistent link: https://www.econbiz.de/10009482958
This study reexamines the Asian stock market contagion by employing a dynamic multivariate GARCH model. Based on a commonly held definition, contagion is defined as a significant increase in comovements between asset returns across markets. By analyzing the correlation coefficient series, this...
Persistent link: https://www.econbiz.de/10009451008
This study analyses income inequality and poverty in the rural and urban sectors in Iran during the post Islamic revolution period, 1983-1993. It has been based on household level data relating to the Household Income and Expenditure Surveys conducted by the Statistical Centre of Iran for 1983,...
Persistent link: https://www.econbiz.de/10009481951
The article examines the consequences of corruption, political stability and state institutions on foreign direct … data on corruption, foreign direct investments and governmental efficiency have been interpreted. The purpose of writing … this article was to present the effects of corruption on foreign direct investments in Romania in order to generate new …
Persistent link: https://www.econbiz.de/10011861331
relationships'. The focus of the paper is on how and why corruption occurs in trustee decisionmaking, especially concerning … community development projects. Implications are drawn from the model of corruption for current debate over the proper scope of … systematic nature of corruption and the potential harm occasioned by corrupt trustee decisionmaking. It is also argued that the …
Persistent link: https://www.econbiz.de/10009441468
There is growing consensus on the view that corruption hurts economic performance by reducing private investment, by … –, corruption also has adverse distributional effects as it hurts the poor disproportionately. For a given level of government … budget and national income, high corruption countries achieve lower literacy rates, have higher mortality rates, and overall …
Persistent link: https://www.econbiz.de/10009468223
Building on the important study by Beck, Demirguc-Kunt, and Levine [2006. Bank supervision and corruption in lending … information sharing via credit bureaus/registries on corruption in bank lending. Using the unique World Bank data set (WBES … information sharing reduce lending corruption, and that information sharing also helps enhance the positive effect of competition …
Persistent link: https://www.econbiz.de/10009471468
framework of Tsebelis by adding corruption stages and show that this can imply such a correlation of payoffs. Another …
Persistent link: https://www.econbiz.de/10009471770
Seit dem Ende der Bretton-Woods Ära haben zahlreiche Bankenkrisen Volkswirtschaften immense Kosten auferlegt. Die vorliegende Studie beschäftigt sich mit den politökonomischen Einflussfaktoren auf die Tiefe dieser Bankenkrisen. Es wird argumentiert, dass nur schnelle und tiefgreifende...
Persistent link: https://www.econbiz.de/10009471832