All Outputs (7)

Political connections, bailout in financial markets and firm value (2016)
Journal Article

The paper shows that politically motivated interventions in the financial market in the form of bailing out borrowing firms reduce banks’ incentives to gather valuable information about firms’ projects. This loss of information is a hidden cost which... Read More about Political connections, bailout in financial markets and firm value.

Measuring productivity and efficiency: a Kalman filter approach (2016)
Journal Article

In the Kalman filter setting, one can model the inefficiency term of the standard stochastic frontier composed error as an unobserved state. In this study a panel data version of the local level model is used for estimating time-varying efficiencies... Read More about Measuring productivity and efficiency: a Kalman filter approach.

The cost efficiency of water utilities: when does public ownership matter? (2016)
Journal Article

This study explores the impact of different ownership types on the efficiency of water utilities. Theories and evidence have shown a puzzling relationship between ownership and performance. Moreover, relatively recent contributions (Andrews et al. 20... Read More about The cost efficiency of water utilities: when does public ownership matter?.

Did the global financial crisis hit Africa? Insights from a multi-country firm level survey (2016)
Journal Article

In order to craft the most appropriate policy responses, it is imperative to identify the degree to which the firms in sub-Saharan Africa (SSA) were affected by the global financial crisis, despite the common perception amongst macro analysts that th... Read More about Did the global financial crisis hit Africa? Insights from a multi-country firm level survey.

The role of sovereign credit ratings in fiscal discipline (2016)
Journal Article

This paper investigates several aspects of the relationship between sovereign credit ratings and fiscal discipline. The analysis of over one thousand country–year observations for 93 countries during the 1999–2010 period reveals that a country’s debt... Read More about The role of sovereign credit ratings in fiscal discipline.

Trademarking activities and total factor productivity: some evidence for British commercial banks using a metafrontier approach (2016)
Journal Article

In this paper, we compute a non-parametric Metafrontier Malmquist index to evaluate the Total Factor Productivity (TFP) change among UK-based trademarking and non-trademarking commercial banks between 2005 and 2013. The use of the metafrontier approa... Read More about Trademarking activities and total factor productivity: some evidence for British commercial banks using a metafrontier approach.

Islamic Banks, Deposit Insurance Reform, and Market Discipline: Evidence from a Natural Framework (2016)
Journal Article

Although it has been intensively claimed that Islamic banks are more subject to market discipline, the empirical literature is surprisingly mute on this topic. To fill this gap and to verify the conjecture that Islamic bank depositors are indeed able... Read More about Islamic Banks, Deposit Insurance Reform, and Market Discipline: Evidence from a Natural Framework.