Total factor productivity and shareholder returns in banking
نویسندگان
چکیده
منابع مشابه
Total Factor Productivity and Returns to Public Investment on Agricultural Research in India§
This study has estimated the total factor productivity (TFP) and its share in output growth, and returns to public investments on research in agriculture in India. The contribution of agricultural research in reducing real cost of production and attainment of food self-sufficiency has also been estimated for the country. The estimates of TFP have shown considerable variations across crops in di...
متن کاملTotal Factor Productivity∗
Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. The following definition describes the measurement and importance of TFP for growth, fluctuations and development as well as likely future directions of research. Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. As s...
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Evidence shows that asset price bubbles typically precede financial crises and financial crises are accompanied by the collapse of bubbles. In addition, stock market booms and busts are typically associated with credit market booms and busts. The recent US housing and stock market bubbles and the subsequent Great Recession that began in late 2007 provide an example. The stock market booms in th...
متن کاملThe Role of Human Capital and R&D in Total Factor Productivity in the Mining Sector
Promoting Total Factor Productivity (TFP) is one of the methods to improve the competitiveness in the mining sector. Even so, it is of great importance to find a practical solution for productivity improvement. In this study, value added was measured by an innovative method based on the Divisia quantity index for seven mineral activities for the period 1994-2016. The results of calculating TFP ...
متن کاملDefault Risk, Shareholder Advantage, and Stock Returns∗
In this paper, we study the relationship between default probability and stock returns. Using the market-based measure of Expected Default Frequency (EDF) constructed by Moody’s KMV, we first demonstrate that higher default probabilities are not necessarily associated with higher expected stock returns, a finding that complements the existing empirical evidence. We then show that the puzzling...
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ژورنال
عنوان ژورنال: Omega
سال: 2010
ISSN: 0305-0483
DOI: 10.1016/j.omega.2008.07.009