Showing 1 - 10 of 1,243
The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing … innovation activity of a firm, including structural characteristics (size, industry, etc.), competitive environment (intensity of … competition and type of main competitors), changes in financial position of a firm, it's pre-crisis performance and innovation …
Persistent link: https://www.econbiz.de/10013082604
The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current … ruptures in the process of accumulation of capital triggering crisis like the actual. The theory of regulation is used in this …
Persistent link: https://www.econbiz.de/10005025710
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current … ruptures in the process of accumulation of capital triggering crisis like the actual. The theory of regulation is used in this …
Persistent link: https://www.econbiz.de/10005105673
Currency crises, generally defined as rapid depreciation of a local currency or loss of foreign exchange reserves, are common incidents in modern monetary systems. Due to their repeated occurrence and severity, they have earned wide coverage by both theoretical and empirical literature. However,...
Persistent link: https://www.econbiz.de/10011259158
Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008/2009 financial crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century onwards. Since 1980s, Iceland's macroeconomic stability had...
Persistent link: https://www.econbiz.de/10008919755
This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...
Persistent link: https://www.econbiz.de/10008529247
The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...
Persistent link: https://www.econbiz.de/10014118027
Abstract Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these...
Persistent link: https://www.econbiz.de/10011108608
last 15 years, developing East and South East Asia have emerged as the most dynamic region of the world economy. This paper … that these countries are unlikely to follow any dirigiste lessons from Asia or elsewhere. Unlike the "reluctant" Asians …
Persistent link: https://www.econbiz.de/10011108629