Provisioning over the business cycle: Some insights from the microfinance industry

Bank Lending Behaviour over the Business Cycle in Iran

This paper studies bank loans over the business cycles in Iran to determine the role of Iranian banks in stabilizing credit. By estimating the long-run relations using dynamic OLS and fully modified OLS estimators, the findings show that real bank lending is positively related to real GDP in the long-run providing evidences of the pro-cyclicality of bank lending in Iran. Hence, Iranian banking ...

Industry Structure and Pricing Over the Business Cycle

We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the entrant is a first mover, and capacity utilization can be either proor countercyclical if the incumbent...

The Impact of ICT Shocks on Business Cycle Some Evidence from Iran

Gains from investment timing over the business cycle: Machine replacement in the US rental industry†

We develop and empirically implement a model of optimal replacement of rental equipment and apply the model to derive detailed optimal replacement strategies for five different types of rental machinery: 1) excavators, 2) high reach forklifts, 3) skid steers, 4) scissor lifts, and 5) telescopic booms. Using data on actual replacements, revenues, maintenance costs, new machine prices and resale ...

Performance Of Business Models: Empirical Insights From The Software Industry

This paper analyses business models of software firms. The underlying framework comprises eight variables derived from a comprehensive software industry business model conceptualisation. Using this framework, we classify the business models of the global top 100 software firms based on their annual reports. Then, we run clustering algorithms in order to identify business model patterns. Cluster...