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David Yechiam Aharon,Yossi Yagil
Pág. 175 - 188
Using a sample of industrial companies traded on the NYSE, this study examines the effect of financial leverage (L) on the cost of equity (Ke). The goal is to test the theoretical relationship between Ke and L under various types of market imperfections ...
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Ahmed Bellakhdhar
Pág. 22 - 33
The subject matter of research is the examination of the optimal public policy in an R&D-based endogenous growth model with monopolistic supply of intermediate goods. The goal of the work is to study whether an adequate government intervention can provid...
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David Yechiam Aharon and Yossi Yagil
This paper investigates the direct theoretical relationship between the variance of stock returns (s2E) and financial leverage (L) considering both corporate and personal taxes. Using a dataset of U.S. industrial firms, we examine the variance of stock r...
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Peng Su, Xiaochun Jiang and Wei Sun
China has had an investment-led growth pattern that is unsustainable. It is struggling to shift to a consumption-driven economy, and capital adjustment is crucial to the transition. In response, the principal objective of this study is to analyze the int...
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Letenah Ejigu Wale
Economic theory posits that financial development eases firm level financing constraints by mitigating information asymmetry and contracting imperfections. This paper empirically tests for this notion by using firm level data from selected African countr...
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Mirko Abbritti,Andrea Boitani,Mirella Damiani
Pág. 37
The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state as well as involuntary fluctuations in unemployment. The existence of hiring frictions introduces externalities that, in...
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J. Paul Elhorst, Jan Oosterhaven
This article evaluates a new mode of high speed ground transportation, the magnetic levitation rail system (Maglev). The outcomes of this evaluation provide policy information on the interregional redistribution of employment and population and the natio...
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Qinglai Meng and Andrés Velasco
Pág. Pages 503-
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G. Vargas, W. Foster, M. Raddatz
Pág. 75 - 90
This study compares the beef, pork and poultry sectors of the United States and Chile to identify similarities and differences in patterns of industrial organization (concentration and mechanisms of vertical integration). The principal determinants of or...
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Lauren Strach,Malcolm Russell
By providing information through factual content, editorial comments, and advertising, the great magazine expansion of the late 19th century reduced market imperfections for many consumer goods. Given the virtual absence of government and non-profit sour...
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