排序方式: 共有33条查询结果,搜索用时 17 毫秒
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This paper examines the behavioral parameters of the IS equations for eight countries in Sub-Saharan Africa. The empirical results show an overall destabilizing effect rooted in the parameters of the IS functions. The study lends support to the view that recourse to external financing, to balance the I-S gap in the short-run, leads LDCs economies into a state of structural dependency on foreign capital, entailing a reduction in domestic capital formation and growth through an increased reliance on imports and an inefficient allocation of domestic savings. [112, 121] 相似文献
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This paper explains market segmentation that occurs in the Philippine informal credit markets through the matching of borrowers and lenders by their occupational specializations to internalize transaction costs and facilitate economic activity. The regression results support a predictable pattern of matching farmer lenders with borrowers specialized in non-farm activities and trader lenders with borrowers specialized in farming. 相似文献
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This paper applies the arbitrage pricing theory to option pricing. Under certain distribution assumptions or the assumption that there is only one common factor, the underlying asset of an option is the sole risky factor that explains its expected return. Based upon this relationship, a new and simple option-pricing formula is derived, and some important existing option-pricing formulae are reproduced. Empirical results show that the new formula performs as well as the Black-Scholes formula. 相似文献
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Much has been written about indigenous knowledge and intellectual property rights (IPRs) in fields like anthropology and law. However, it remains an under-examined topic in business and management literature. In this article, we review the emerging contentious discourse, definitional issues and underlying assumptions of the western IPR and indigenous knowledge management systems. We highlight the similarities and differences between the two approaches. We argue that adopting a view that law is socially constructed with ethical underpinnings helps sort out the thorny issues related to indigenous knowledge ‘expropriation’. To do this, we draw on the role of ethical norms in the historical evolution of IPRs regimes. Finally, grounded in Stakeholder Theory, we conclude with a discussion of managerial implications. 相似文献
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In this paper, we develop a conceptual framework of the intra‐firm transfer of best practices in moral reasoning by integrating three streams of literature: internal knowledge transfer in strategic management, moral reasoning and epistemology in philosophy and business ethics, and leader–member exchange in human resource management. We propose that characteristics of moral reasoning (nature of moral knowledge, tacitness of moral reasoning and causal ambiguity), source characteristics (moral development of leaders), target characteristics (integrity capacity and moral development of subordinates), leader–member exchange and internal ethical climate influence the transfer of best practices in moral reasoning. 相似文献
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Subodh Kulkarni Nagarajan Ramamoorthy 《International Journal of Human Resource Management》2013,24(13):2770-2793
In this article, by integrating the institutional theory, leader–member exchange (LMX) theory, and stewardship theory, we propose a model of subordinate stewardship behaviors in organizational hierarchies and the resultant hierarchical governance structures. First, we develop propositions suggesting that the quality of LMX (supervisor–subordinate) is determined by three antecedents: leader characteristics, subordinate characteristics, and internal organizational context. The quality of LMX, in turn, affects the subordinate stewardship behaviors. Second, by integrating institutional theory and stewardship theory, we propose that the interaction between isomorphic pressures and the level of subordinate stewardship behaviors may result in four distinct types of hierarchical governance structures: isomorphic stewardship, isomorphic controls, firm-specific controls, and firm-specific stewardship. These governance mechanisms reflect the internal drive toward subordinate stewardship, while complying with the external norms of isomorphism. Thus, different types of governance structures may exist between and within firms. Implications of this model are discussed here. 相似文献
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Susan Chaplinsky Latha Ramchand 《Journal of International Financial Markets, Institutions & Money》2012,22(5):1126-1148
We examine time dependency in the factors motivating delistings of foreign firms from major U.S. Exchanges over the period 1962–2006. For firms listing before Sarbanes-Oxley (SOX), we find that governance has no significant effect on delisting but after SOX, it becomes one of the main forces driving delisting. For firms whose delisting decision is most likely attributable to SOX, we find they realize low benefits from listing – they originate from countries with strong home market governance, and from listing onward realize low trading volume, analyst coverage, and make little use of capital raising. Our results suggest that SOX has had a large influence on the benefits seek from a U.S. listing, leading firms from well governed countries and low capital raising needs to delist. 相似文献
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P. Nagarajan 《Economics Letters》1982,9(1):87-93
Empirical tests confirm that the major social upheavals produced interfunctional and intrafunctional ‘displacements’ in government spending and thereby changed the character of public expenditure in India. There was a strong resurgence in the growth of public expenditure on social and development services; the State governments gained a greater role in this area in the post-disturbance period. Perhaps this could be inferred as a disturbance-generated ‘decentralization process’ giving a greater scope for the State governments in dealing with social and development services. 相似文献
9.
Floros Ioannis V. Nagarajan Nandu J. Sivaramakrishnan Shiva 《Review of Quantitative Finance and Accounting》2020,54(4):1417-1447
Review of Quantitative Finance and Accounting - In this paper we provide new insights into the motives underlying insider participation in private investments in public equity (PIPEs) by... 相似文献
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