Ž . This paper develops a model of a laissez-faire decentralized banking system in which banks are shown to both underinvest in, and undertransmit expertise in long-term industrial Ž . finance. Government support for one financial institution ‘the development bank’ can serve to reduce these problems, but unqualified government support alone is not enough. The efficiency of government sponsorshi...

A new wave of bank privatizations in the past decade has significantly changed the ownership structure of banking systems around the world. This paper explores how these changes affect the allocation of capital within countries. We show that the decline in government ownership of banks has a different impact on capital allocation efficiency, depending on whether foreigners or large domestic sha...

Ar-Rahnu, also known as Islamic pawn broking, is one of the Shariah-compliant financings implementing Shariah concepts Tawarruq, Rahn, Wadi’ah, was founded in Malaysia three decades ago an alternative to conventional broking. In responding this matter, Co-opbank Pertama (M) Berhad, Malaysia’s cooperative banks, has established and offered Ar-Rahnu financing since 2018 their products throughout ...

before making decisions about the investment and financing the companies. it is necessary to know how the value of a company is determined. in this article three valuation methods are discussed: 1) value dirver method. 2) free cash flow method 3) economic value added method. in these methods the factors affecting the value of companies such as operating rate of return, cost of capital. amount o...

Under the difficult access to finance of SMEs, they expect that its relationship with the banks shall constitute a real help to access appropriate financing, at reasonable costs and requirements, given the possibility of mutually beneficial and long lasting relation. The literature, but also the research we have carried on, is centered on such determinants as concentration and the length of the...

In this short paper it will be discussed how crowdfunding concepts can be successfully used to support internal financing projects towards Enterprise Crowdfunding. A central platform to be developed will guarantee transparency in order to ease and facilitate synergy-effects between company divisions and departments. Besides transparency crowdfunding – especially through its federalistic financi...

Information Technology (IT) has become one of the critical components that facilitates any banking institutions’ ability to meet regulatory requirements, in an efficient and a cost-effective way. In many instances, dedicated regulatory IT systems have been established, and comparable to most implementations, they are often considered a significant investment. Viewed from the longstanding debate...

Latin American countries have made considerable progress in developing their local currency bond markets. With more sizeable local bond markets come improved efficiency of financial intermediation, diversification of intermediation, reduction in the concentration of risks in the banking sector and financing of fiscal deficits in a non-inflationary manner. In addition, the more developed local c...

The statements, findings, conclusions, and recommendations found in this study are those of the authors and do not necessarily reflect the views of the Office of Advocacy, the United States Small Business Administration, or the United States Government. Executive Summa ry This research examines the implications to the amount of credit available to small businesses from the rapid and pervasive c...