This paper revisits Williams (1997) on the effect of net rental price, asset quality and variable investment costs on the asset redevelopment decision. This paper develops a quasi-analytical method for solving the generalised real renovation option problem by treating the investment cost as having both a variable and a fixed element and then extends the analysis for the case where both the net ...

African American children are more likely to be poor and live in households that are ‘‘asset poor,’’ with no or very little net worth. Using the Panel Study of Income Dynamics and its Child Development Supplement, this article explores whether living in a household with net worth above the sample median seems to promote educational success and the development of human capital over time, irrespe...

We develop a two-country, dynamic general equilibrium model that links cross-country differences in net foreign asset and consumption dynamics to differences in discount factors and steady-state levels of productivity. We compare the results of the model to those of VARs for the G3 economies. We identify country-specific productivity shocks by assuming that productivity does not respond contemp...

one of the main functionalities of capital market is to improve liquidityin the market which provides security for the investors. mutual funds aremodern financial institutions which are designed with the aim of collectingfunds from investors and devote them to buy a variety of securities inorder to mitigate investment risks, exploit the economies of scale andfinally create a reasonable return f...

This study investigates the determinants of banking sector profitability in South Africa, Nigeria and United States. The findings reveal that cost efficiency, size non-performing loans overhead ratio are significant profitability. In comparative analysis, from Africa show efficiency ratio, to total asset States, capital adequacy Nigeria, descriptive analysis bank net interest margin return on h...

The Indian economy is facing a financial crunch due to surge in the number of credit defaulters. debt crisis has been observed throughout world. NPAs are found be at center economic problem banks. drive this learning explore influence non-performing assets (NPA) on performance banks and analyze gross net public, private foreign assess soundness, quality, stability, competence It was that there ...