We study how credit ratings affect market efficiency and stability when assets are issued in a primary market and sold by dealers into a secondary, over-the-counter (OTC) market. Even in the absence of rating inflation and rating shopping, we find that the market structure and bad incentives...
This paper analyzes the market structure of the Hungarian bank market and the effects of the financial crisis of 2008 on it. With a static and a dynamic pa
in the set of China banking industry.A further probe to the conditions and reform process of China banking industry shows that the ownership structure reform of the state-owned banks is the striking point,besides the reform of market structure of the banking industry should be modified accordingly...
market concentration; however, reporting quality also decreases. 1Introduction Regulators around the world are increasingly concerned that the joint provision of audit services (AS) and non-audit services (NAS) could impair the quality of audited financial statements. The U.S. Congress, via the Sarb...
This paper examines the relationship between industry profitability, sales to government, market structure, and firm size. The empirical results consistently show that government purchases of goods and services from the private sector significantly raise the profits of small firms across all industries, ...
- 《Journal of Political Economy》 被引量: 0发表: 1946年 National Power and Structure of Foreign Trade example, when a country which dominates the world market of one commodity or product some)manufactures against (some other) manufac- tures, and the exchan... AO Hirschman 被引量: 1283发表...
Intellectual capital and market performance: The case of multinational R&D firms in the U.S Intellectual capital (IC) is considered as a key resource in business. However, it is difficult to measure and compare across firms due to its intangible n... AAH Mohd,I Ainul,VZ Tony - 《Journal ...
网络资本结构 网络释义 1. 资本结构 ...项目(The Item of Invest) 4.资本结构(The Structure of Capital) 5.股利分配政策 一、财务经理的任务:管理企业的资 金… www.docin.com|基于10个网页 例句
Before 1975, the government promoted trading activities by aiding in the erection of warehouses and in promulgating low-tariff transit schedules. The war’s chaos gave rise to “militia” leaders, and the new marketing system was based on belonging to...
The market is classified by variety into managerially useful segments of 'excess loyalty', 'niche' and 'change of pace' behaviour. The myth of a separate white and red wine category has been dispelled. This research confirms the emerging role of Australia in attribute-based wine market ...