Search results for "Financial capital"
showing 10 items of 29 documents
SOCIAL CAPITAL AND BANK PERFORMANCE: AN INTERNATIONAL COMPARISON FOR OECD COUNTRIES
2008
Over the last few years the literature on social capital and bank efficiency analysis has expanded rapidly. We merge them by analysing how social capital affects bank efficiency in OECD countries. We use activity analysis techniques to measure efficiency, and social capital, which is related to the concept of generalized trust, is considered an environmental variable. Results suggest that the effect of social capital is more relevant for those financial institutions operating in low-social-capital environments. In these cases, inefficiencies are biased upwards, and controlling for social capital enables these banks to move up in the efficiency rankings.
Challenges and trends of debt capital raising by SME: experience of the Baltic States
2012
The paper analyses topical issue of debt capital raising by small and medium-sized enterprises in the Baltic States under changing economic conditions. Raise of debt capital is crucial for SME, as financing and its availability is a critical precondition for the survival and development of enterprises. The paper gives an assessment of recent developments in debt capital raising in the Baltic States, identifies the most important challenges and problems, as well as the mistakes made. Based on the analysis made, authors provide solutions for debt capital raising challenges and possible changes in corporate finance of enterprises.
Beyond Alternative Food Networks: Understanding Motivations to Participate in Orti Urbani in Palermo
2019
Community gardens include many benefits, and different motivations seem to underline citizens’ choices to participate. In Italy, political motivations are considered one of the main reasons for participation in community gardens (known as orti urbani). Drawing from the orti urbani experience in Palermo (the largest city in Sicily, Southern Italy), this study aims to understand the main motivations that influence citizens’ participation and to measure the effects of these motivations on fruit and vegetable consumption among participants. Findings reveal that orti urbani attract middle‐class participants who possess high amounts of cultural capital but relatively less financial capital. Among…
Net-Strikes: A Proposal for Re-orienting Social Struggles in the 21st Century
2020
The globalisation of the economy and the slow but steady loss of Nation-States’ power to global enterprises and financial capital force us to redefine strikes as a weapon for advancing social causes. The institutions legitimising this form of protest have changed greatly in the 21st Century. They must recoup their ability to change things if they are to remain an effective tool. The following paper reveals the reasons behind the decline of strikes in the modern world and proposes the ‘net-strike’ concept (or networked strike): a formula for bringing strikes up to date to meet today’s challenges.
Basel II and bank lending to emerging markets: Evidence from the German banking sector
2007
Abstract This paper investigates whether the new Basel Accord will induce a change in bank lending to emerging markets using a comprehensive new data set on German banks’ foreign exposure. We test two interlinked hypotheses on the conditions under which the change in the regulatory capital would leave lending flows unaffected. This would be the case if (i) the new regulatory capital requirement remains below the economic capital and (ii) banks’ economic capital to emerging markets already adequately reflects risk. On both accounts the evidence indicates that the new Basel Accord should have a limited effect on lending to emerging markets.
The Taxation of Financial Capital Under Asymmetric Information and the Tax-Competition Paradox
2003
Information sharing between governments is examined in an optimal-taxation framework. We introduce a taxonomy of alternative systems of international capital-income taxation and characterize the choice of tax rates and information exchange. The model reproduces the conclusion found in earlier literature that integration of international caopital markets may lead to the under-provision of publicly provided goods. However, in contrast to previous results in the literature, under-provision occurs due to inefficiently coordinated expectations. We show that there exists a second equilibrium with an efficient level of public-good provision as well as complete and voluntary information exchange be…
ANALYSIS OF BARRIERS FOR BUSINESS START
2016
Entrepreneurship is one of driving forces for economic development, in European Union it has to be paid more attention to keep competitiveness in the world. Various aspects of entrepreneurship including on barriers for business start are covered in research world-wide. The aim of the current paper is to analyse barriers of new business starters in Latvia. The tasks of the current research: analysis of theoretical findings in scientific publications; analysis of new business starters views on barriers for business start; to perform statistical analysis of new business starters evaluations on business barriers. Research methods: scientific literature studies, survey of entrepreneurs in the bu…
The effectiveness of bank capital adequacy regulation: A theoretical and empirical approach
2003
The aim of this paper is to analyse how banking firms set their capital ratios, that is, the rate of equity capital over assets. In order to study this isue, two theoretical models are developed. Both models deal with the existence of an optimal capital ratio; the first one for firms not affected by capital adequacy regulation, the second one for firms which are. The models have been tested by estimating a disequilibrium model using data of Spanish savings banks.
A New Third Sector Intellectual Capital Model
2016
The Intellectual Capital (IC) report has become a fundamental tool in the disclosure of non-profit activities, since it is necessary to use a correct framework to represent IC. To achieve the aim of the paper the work is developed as follows: the existing literature on non-profit organizations (NPOs) and IC is examined and relevant aspects to be measured by IC indicators and disclosed by an IC report in the above context are brought into focus. Then extant frameworks for IC reporting are outlined in order to verify whether they fit the aspects qualified as relevant in NPOs and it is pointed out what they lack with reference to the NPOs context. The aim of the paper is to propose an original…