Finance and the economics of

... illustrates the main structural, theoretical and incentive-related policy implications of circuit theory of finance Section I.2 discusses the special role of the financial system as the core of the circuit ... profitability is declining The internalization of information within the same institution may thus enhance intra -circuit and inter -circuit st...

Ngày tải lên: 24/10/2012, 09:33

... cannot reject the null hypotheses of the appropriateness of the instruments and the assumption of no serial correlation of the differenced error terms The results seem to indicate that there is a ... productivity growth, (iii) experience more rapid capital accumulation, and (iv) have higher saving rates To evaluate the impact of banks on growth and the sour...

Ngày tải lên: 27/01/2014, 11:20

... defines as the science of the True and of the Good, the science of the Absolute, and understands in a non-formal sense Professor Stammler speaks readily of a monism of the social life, and accepts ... example, the legal regulation of private property in land, and the existence of land differing in quality, and granted other conditions, then the fact...

Ngày tải lên: 18/02/2014, 12:20

Ngày tải lên: 30/03/2014, 01:20

... Governance and the Principal-Agent Problem Before applying theory to the case of Enron, it is important to first discuss the nature of the principal-agent problem and the reasons for a governance ... “nodders and yes-men” (The Economist 2002) as directors and thus weakening the imperative oversight role of the Board and contributing to the fall of Enro...

Ngày tải lên: 06/01/2015, 19:49

... cycle of small business. 4 The Financial Growth Cycle of Small Business Small business may be thought of as having a financial growth cycle in which financial needs and options change as the business ... funds in the private equity and debt markets The flow and pricing of private equity depend crucially on the public equity...

Ngày tải lên: 15/03/2014, 21:20

... function of the profit rate (and, thus, of the labor cost), and the movements of wages are influenced by the value and variations of the profit rate The rise of the labor cost impacts on the profit ... ultimately reflects the dual functions of money as the abstract representation and measure of value, on the one hand, and as the medium of circ...

Ngày tải lên: 31/10/2014, 00:10

Ngày tải lên: 06/03/2017, 12:16

Ngày tải lên: 14/08/2013, 11:42