|
1 - 5 van 5 voor zingales measure
How Large was the Credit Crunch in the OECD?
... determine the use of external finance by the us industries two decades earlier. rajan and zingales' measure of dependence on external finance is defined as a ratio of capital investments not financed ... (1.1) reports the result for regression of lagged industry size and the rajan and zingales measure of dependence on external finance. the results show that the in- dustries with higher dependence ...
cpb.nl
L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... and reduce personnel. however, with rigid labor markets and unemployment still at high levels this measure is hard to sell in the public. some studies on us banking find that mergers ... (2000) for switzerland. 30 see karceski, ongena and smith (2000). 31 see pagano, panetta and zingales (1998) for respective evidence on italian firms that went public. 32 see pilloff (1999) on ...
cpb.nl
linkages between financial and real sector economy pdf
... market is less developed. this finding is in line with results found in rajan and zingales (1998) who find less developed financial markets to be dampening growth if firms are increasingly ... with general consumption determinants. 31 type of modelling are the asset worth capital ratio (a measure for the degree of financial leverage) and the spread in credit costs of not collateralized ...
cpb.nl
memo221.pdf
... year already. furthermore, a major uncertainty is the influence of any supplementary dutch policy measure aimed at fighting the recession. when this central economic plan was completed, the dutch ... getting financing for profitable investments profit from this.14 12 g. rajan and l. zingales, financial systems, industrial structure and growth, oxford review of economic policy, vol. 17, no. ...
cpb.nl
Manager turnover and firm performance
... such market- based systems. shareholder protection is indeed more elaborate in those markets (rajan and zingales, 2003, table example of relationship-based financing on the equity side, venture capital is ... 2006 (top - rhs), if we include concentration measure c3 and net interest margin as two additional indicators (bottom - lhs), or if we measure household deposit and equity relative to household ...
cpb.nl
| 