modelling the determinants of capital flows and capital flight

... 1.1 Background of the Study 11 1.2 Objective of the Study 12 1.3 Important of the Study 12 THEORETICAL PERSPECTIVES, LITERATURE REVIEW AND STUDIES, RESEARCH QUESTIONS AND HYPOTHESES 14 2.1 Introduction ... study, the researcher examines with 33 Vietnamese Bank Objective of the study is to verify the relation between women on the board and bank performance Quantitative method is applied The quantitative ... Hoang and Dr Vu Manh Chien who guided me and gave me a chance to conduct this current thesis and gave me some ideas for my thesis To Dr.Duc Khuong Nguyen who gave me advices and ideas during the

Ngày tải lên: 09/09/2013, 23:50

... support for the pecking order theory or agency theory framework We find that the major determinants of the capital structure decision of the European managers are similar to that of the U.S There are ... approximate cost of equity, how they estimate their cost of equity (with CAPM or other methods), and whether the impact on the weighted average cost of capital is a consideration in their capital structure ... influencing the selection of the maturity of debt or when raising capital abroad We also find that while the major determinants of the capital structure choice are very similar between the European and

Ngày tải lên: 02/07/2017, 20:27

... affected by the size of the bank, the bank’s leverage, the quality of management, and the interest rate risk Contrary to the existing literatures, this paper does not support the effect of management ... Naser (2015), The 1998-99 banking crisis in Uganda: What was the role of the new capital requirements? J F Reg Comp., 10(3): 224-242 [5] Ali Shingjergji (2015), The Determinants of the capital adequacy ... enlargement of the areas covered by the risks to be taken in the calculation of the capital adequacy indicator but also with a diminishing of risks share related to the retail exposures Therefore

Ngày tải lên: 23/01/2021, 20:12

... Reserve Bank of Atlanta, 1985 [28] Williams, H T., “Determinants of capital adequacy in the Banking Sub-Sector of the Nigeria Economy: Efficacy of CAMELS”, International Journal of Academic Research ... testing agency theory and an application to the banking industry”, Journal of Banking and Finance, 30 (2006) 4, 1065-1102 [13] Berger, A N., Herring, R J., & Szegö, G P., “The role of capital in ... to compare the fixed and random effects estimates of coefficients (Baltagi, 2001; Wooldridge, 2002) The intention is to find out whether there is a significant correlation between the unobserved

Ngày tải lên: 17/03/2021, 20:37

... sources to fund their operations The capital structure of a company reveals how money is financed The capital structure of an enterprise is a combination of the use of borrowed capital and equity ... contract) The capital ratio in the last years has fluctuated, especially the impact of the Covid-19 epidemic, the epidemic situation and legal issues affecting the progress of projects, thereby ... "capital structure is the ratio between debt and equity in the trade of theoryal capital of an enterprise to finance production and business activities" Thus, it can be seen that in general, the

Ngày tải lên: 05/12/2023, 17:01

... developed and used in the attempt to explain companies’ capital structure The trade-off theory advances that the choice of capital structure in a firm is a result of a trade-off theory between the ... One of the many objectives of corporate financial manager is to ensure the lower cost of capital and thus maximize the wealth of shareholders Capital structure is one of the effective tools of ... to manage the cost of capital An optimal capital structure is reached at point where the cost of capital is the lowest Much on the empirical research on the determinants of firm’s capital structure

Ngày tải lên: 09/09/2013, 23:46

... Crisis: The Case of Turkey Tuncer Gocmen1 and Osman Sahin2 Abstract The purpose of this study is to investigate the capital structure determinants of Turkish deposit banks during the period of 2004-2011 ... irrelevance, in the absence of taxes and transactions costs, the total market value of a firm and the weighted average cost of capital are independent of its financing decision Therefore, financial ... are the most heavily regulated financial institutions in the world and in Turkey as The Determinants of Bank Capital Structure and the Global Financial Crisis in Turkey 57 well The question of

Ngày tải lên: 26/03/2020, 04:17

... Limitations of the thesis There are some limitations to the thesis The first constraint of the thesis is the research findings on the factors affecting the capital structure of food and beverage ... I can complete the thesis better The Author Lê Nhật Minh Anh iii ABSTRACT The purpose of this thesis is to investigate determinants that affect the capital structure of the food and beverage (F&B) ... Finance and Banking, at Banking University Ho Chi Minh City While studying at Banking University Ho Chi Minh, the author declares that The thesis: Determinants of the capital structure of the Food and

Ngày tải lên: 25/08/2022, 07:47

... terms of the expected values and covariances of future cash flows We show that the ratio of the expected future cash flow to the covariance of the firm’s cash flow with the sum of all cash flows ... now simply the contribution of firm j’s cash flows to the aggregate risk of the market divided by the term Nτ, which is the aggregate risk tolerance of the marketplace The price of the market ... consequence, the ratio of a firm’s expected future cash flows to the covariance of these cash flows with the sum of all firms’ cash flows changes This ratio is a key determinant of a firm’s cost of capital

Ngày tải lên: 06/03/2014, 21:20

... The Logics and Illogics of Production: The Shift to and out of Grain 4 The Regime of Specialty Crops 7 A Wider Division of Labor: The Country in the City 18 2 Nature and Fictitious Capital: The ... 130 The Country and the City: From Transgression to Similitude 137 The Octopus and the Bourgeois Sublime 139 Bourgeois Discourse and the Uses of Nature 148 5 Realty Redux: Landscapes of Boom and ... want to do away with them? Perhaps both. Or first one and then the other. For the sake of the overall good of the economic machinery, perhaps the machine must kill a portion of itself in order

Ngày tải lên: 28/06/2014, 10:20

... avoid the confounding effects of i) banks anticipating the implementation of the Basle II regulatory framework and ii) banks extensive use of off-balance sheet activities in the run-up of the ... [...]... demand banks to commit some of their own capital when extending credit Since borrowers do not fully internalize the cost of raising capital, the level of capital demanded by ... requirements and their implementation apply to all relevant banks in the same way and they... Distribution of book capital ratios The figure shows the distribution of banks’ book capital

Ngày tải lên: 11/08/2014, 01:20

... from the collapse of the Asian banks and stock markets, the bursting of the Internet bubble and subsequent wave of bankruptcies, and the corporate scandals of the late ... especially when the soldiers and the men were to be sent abroad or to other parts of the Spanish... Nonetheless, some states have managed to move their danger zones further away They then run ... bankers knew what they were getting into, at least initially They knew the. .. consequences and in particular how they shape the evolution of financial systems The crux of the matter is

Ngày tải lên: 01/11/2014, 17:10

... But: But: ••there theremay maybe bemore morethan thanone onevalue valuefor forthe theIRR IRRthat that satisfies satisfiesthe theNPV NPVequation; equation;ififthe thesign signof ofcash cashflows flows changes changesmore morethan thanonce oncein inthe thelife lifeof ofthe theproject, project, there theremay maybe bemultiple multiplesolutions solutions ••the theNPV NPVrule ruleuses usesactual actualopportunity opportunitycost costof ofcapital capital as asthe thediscount discountrate; rate;the theIRR IRRrule ruleassumes assumesthe the shareholders shareholderscan caninvest investat atthe theIRR IRR ••IRR IRRisisexpressed expressedin interms termsof ofaapercentage percentagerate rateof of return, return,ititignores ignoresthe theproject’s project’sabsolute absoluteeffect effecton onthe the wealth wealthof ofshareholders shareholders 15 The The ... shares in the other, which would alter the relative prices of shars until the WACCs become equal •The level of gearing is therefore irrelevant to the WACC and the value of the firm 19 The The Cost Cost ... the relative prices of shars until the WACCs become equal The level of gearing is therefore irrelevant to the WACC and the value of the firm 19 The The Cost Cost of of...

Ngày tải lên: 04/10/2015, 20:08

... this thesis I also wish to extend my sincere thanks to the lecturers of the Master of Business Administration program at International University for their passionate sharing and the members of the ... HCMC April 2014 Under the guidance and approval of the committee, and approved by all its members, this thesis has been accepted in partial fulfillment of the requirements for the degree Approved: ... THE EFFECTS OF CAPITAL STRUCTURE ON FIRM PERFORMANCE AND FIRM TRANSPARENCY: A STUDY OF FIRMS LISTED IN HO CHI MINH STOCK EXCHANGE (HOSE) In Partial Fulfillment of the Requirements of the

Ngày tải lên: 22/10/2015, 11:32

... part of the Royal Bank of Scotland Group The report reviews the capital expenditure plans of British businesses to gauge spending trends, as well as related challenges and opportunities The research ... Andrew Walker, the chairman of Metalrax plc, a Birmingham-based supplier of specialist engineering and consumer durables, and a non-executive director of several other firms “Quite a few of the ... maintenance  © The Economist Intelligence Unit Limited 2011 Upgrading Britain? The effect of capital expenditure trends on productivity, profitability and competitiveness l Meeting the demands of existing

Ngày tải lên: 06/12/2015, 23:10

... INSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDS UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAM VIETNAM- NETHERLANDS PROGRAMME FOR M.A IN DEVELOPMENT ECONOMICS THE IMPACTS OF CAPITAL FLOWS ... M.A IN DEVELOPMENT ECONOMICS THE IMPACTS OF CAPITAL FLOWS ON VIETNAM STOCK MARKET A thesis submitted in partial fulfilment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICS ... all lecturers of the Vietnam-Netherlands Programme for giving me knowledge and guidance to fulfill the M.A Programme I would like to thank all the members of the Vietnam-Netherlands Program, especially,

Ngày tải lên: 12/08/2017, 21:35

... that the effects of CAP shocks on CUR and RGDP are invariant to the ordering between CUR and RGDP. On the other hand, capital flows might affect CUR and RGDP within a quarter, and the CUR and ... whether capital flows generate boom-bust cycles, and whether capital flows help explain the synchronization of the business cycles in the Asian countries. Capital flows, especially after the ... increase in the real GDP may attract more capital, and improve the capital account. We exclude the endogenous movements of capital flows due to the real GDP changes from the shocks to capital flows...

Ngày tải lên: 24/10/2012, 09:27

... Accordingly, the standard deviation of the size of US banks is roughly half of the standard deviation of the size of EU banks. 32 31 31 32 44 ECB Working Paper Series No 1096 Septembre 2009 capital ... increase the fit of the leverage regressions. The sign, magnitude and significance of the bank-level variables remain unchanged except for profits in the market leverage regression. Some of the ... borrowers may demand banks to commit some of their own capital when extending credit. Since borrowers do not fully internalize the cost of raising capital, the level of capital demanded by market...

Ngày tải lên: 15/03/2014, 10:20

... i.e. the amount deducted would be the lesser of the investment or the regulatory capital requirement. The amount representing the surplus capital, i.e. the difference between the amount of the ... multiplying the capital requirements for market risk and operational risk by 12.5 (i.e. the reciprocal of the minimum capital ratio of 8%) and adding the resulting figures to the sum of risk-weighted ... measures of risk and economic capital. Over the last decade, a number of 4 • • • • the validation of any significant change in the risk measurement process; the accuracy and completeness of...

Ngày tải lên: 15/01/2014, 16:56

... inception of economic reform in 1986. The inflow of FDI has contributed significantly to the economic development of Vietnam. Still, the determinants of FDI inflow and its impacts on the economy of ... overview of foreign direct investment (FDI) in Vietnam and attempt to review of the current status of economic research on the determinants of FDI and its impacts on the economy of Vietnam. ... analysis, therefore it deserves some elaboration. The source of information on the dependent variable is taken from the GSO and MPI. The number of investment projects and the amount of FDI during...

Ngày tải lên: 16/01/2014, 01:28