Open AccessJournal Article
Comparing financial systems.
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This article is published in Kyklos.The article was published on 2000-01-01 and is currently open access. It has received 603 citations till now.read more
Citations
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Investor Protection and Corporate Governance
TL;DR: In this article, the authors argue that the legal approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between bank-centered and market-centered financial systems, and discuss the possible origins of these differences, summarize their consequences, and assess potential strategies of corporate governance reform.
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Law, Finance, and Economic Growth in China
TL;DR: Li et al. as discussed by the authors examined three sectors of the economy: the State Sector (state-owned firms), the Listed Sector (publicly listed firms), and the Private Sector (all other firms with various types of private and local government ownership).
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The Theory of Bank Risk Taking and Competition Revisited
John H. Boyd,Gianni De Nicolo +1 more
TL;DR: The authors show that existing theoretical analyses of this topic are fragile, since there exist fundamental risk-incentive mechanisms that operate in exactly the opposite direction, causing banks to become more risky as their markets become more concentrated.
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Bank concentration, competition, and crises: First results
TL;DR: In this paper, the impact of national bank concentration, bank regulations, and national institutions on the likelihood of a country suffering a systemic banking crisis was studied using data on 69 countries from 1980 to 1997.
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How Law and Institutions Shape Financial Contracts: The Case of Bank Loans
TL;DR: In this article, a multi-dimensional empirical model was proposed to study how financial contracts respond to the legal and institutional environment, showing that loans with strong creditor protection have concentrated ownership, long maturity and low interest rates.
References
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Financial Structure and Economic Growth in Asia: A Comparative Analysis
TL;DR: Ashwani as discussed by the authors is an Assistant Professor of Economics, Department of Humanities and Social Sciences, National Institute of Technology, Kurukshetra, has quality publications in the field of finance and economic growth.
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Trends and Changes in Banking Sector of a Developing Country: The Case of Bangladesh
Nusrat Jahan,Md. Asif Nawaz +1 more
TL;DR: In this article, the changes and trends that have been experienced by banking industry are discussed and the changes in the regulations of banking industry too are discussed, which is known as innovative banking.
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Optimal Investment by Financially Xenophobic Managers
Jason G. Cummins,Ingmar Nyman +1 more
TL;DR: In this article, the authors incorporate financial xenophobia as a fixed cost in a simple dynamic model of financing and investment, and show that corporate managers seek financial independence to avoid interference by outside financiers.
Sharing borrower information in a competitive credit market
TL;DR: In this article, the authors exploit detailed data on approved and rejected small business loans to assess the impact of the introduction of a credit registry in Bosnia and Herzegovina and find that mandatory information sharing tightens lending at the extensive margin as more applications are rejected, particularly in areas with strong credit market competition.
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What Makes International Capital Flows So Volatile?: Push vs. Pull Factors in the Case of Korea
Tae-Joon Kim,Jai-Won Ryou +1 more
TL;DR: The authors analyzes the determinants of financial capital flows in Korea, which provides an intriguing case for examining the volatility of such flows as an almost fully opened capital market, and finds both pull and push factors have significantly affected all three types of foreign capital flows-foreign equity investment, foreign bond investment and foreign other-type investment- in Korea.