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Full-Text Articles in Economics
On The Total Duration Of Negative Surplus Of A Risk Process With Two-Step Premium Function, Pavlina Jordanova
On The Total Duration Of Negative Surplus Of A Risk Process With Two-Step Premium Function, Pavlina Jordanova
Applications and Applied Mathematics: An International Journal (AAM)
We consider a risk reserve process whose premium rate reduces from cd to cu when the reserve comes above some critical value v. In the model of Cramer-Lundberg with initial capital u ≥ 0, we obtain the probability that ruin does not occur before the first up-crossing of level v. When u < v, following H. Gerber and E. Shiu (1997), we derive the probability that starting with initial capital u ruin occurs and the severity of ruin is not bigger than v. Further we express the probability of ruin in the two step premium function model - ψ (u,v), by the last two probabilities. Our assumptions imply that the surplus process will go to infinity almost surely. This entails that the process will stay below zero only temporarily. We derive the distribution of the total duration of negative surplus and obtain its Laplace transform and mean value. As a consequence of these results, under certain conditions in the Model of Cramer-Lundberg we obtain the expected value of the severity of ruin. In the end of the paper we give examples with exponential claim sizes.
Front Matter, Esr Review
Editor's Introduction: Finding Balance, Paul C. Godfrey
Editor's Introduction: Finding Balance, Paul C. Godfrey
Journal of Microfinance / ESR Review
No abstract provided.
Innovation Spurs Growth, Jasmine Mohanty, Jasmine; Panda, Debadutta K. Panda
Innovation Spurs Growth, Jasmine Mohanty, Jasmine; Panda, Debadutta K. Panda
Journal of Microfinance / ESR Review
Product innovations are different and specific to MFIs, but all focus on one feature: they are all geared toward providing a wider range of financial products and intermediation options. These innovations are the launching pad and competitive advantage for MFIs, but most people are confused about these innovations.
Closing The Gender Gap, Dwight Haase
Closing The Gender Gap, Dwight Haase
Journal of Microfinance / ESR Review
No abstract provided.
Partner Profiles, Esr Review
Partner Profiles, Esr Review
Journal of Microfinance / ESR Review
No abstract provided.
Mission Drift Understand It, Avoid It, James Copestake
Mission Drift Understand It, Avoid It, James Copestake
Journal of Microfinance / ESR Review
No abstract provided.
Accessing Commercial Capital Markets, Isaac H. Smith, Michael A. Broderick, Richard G. Winsor
Accessing Commercial Capital Markets, Isaac H. Smith, Michael A. Broderick, Richard G. Winsor
Journal of Microfinance / ESR Review
No abstract provided.
From Ngo To Mfi: A Guidebook For Successful Transformations, Geetha Rao Ramani
From Ngo To Mfi: A Guidebook For Successful Transformations, Geetha Rao Ramani
Journal of Microfinance / ESR Review
Ledgerwood and White's Transforming Microfinance Institutions: Providing Full Financial Services to the Poor was published by World Bank Publications in August 2006.
Trade-Offs Between Social And Financial Performance, Gary Woller
Trade-Offs Between Social And Financial Performance, Gary Woller
Journal of Microfinance / ESR Review
True or False: Trade-offs occur between social performance and financial performance in microfinance. Conventional wisdom says true. Extending formal financial services to poor and hard-to-reach clientele necessarily entails higher costs and lower per unit returns and is, subsequently, harder to scale up. The trade-off inherent in this relationship creates incentives for microfinance institutions (MFIs) to move up-market and away from their traditional poor clientele—a phenomenon known as mission drift.
Center News, Esr Review
End Matter, Esr Review
Vol. 09 No. 2 Esr Review, Esr Review
Vol. 09 No. 2 Esr Review, Esr Review
Journal of Microfinance / ESR Review
No abstract provided.
The Casual Link Between Stock Returns And Trading Volume: Some Evidence From An Emerging Market, Abdul Rashid
The Casual Link Between Stock Returns And Trading Volume: Some Evidence From An Emerging Market, Abdul Rashid
Business Review
This paper investigates the dynamic association between daily stock index returns and percentage trading volume changes. To proceed with this, linear and nonlinear Granger causality tests are applied to the Karachi Stock Exchange (KSE) data. The analysis covers the span of about 5 years with 1266 daily observations. The same methodology is employed for two non-overlapping sub-periods to examine the robustness of the results. Unidirectional linear Granger causality from stock returns to trading volume is observed for the entire sample period and for both the sub-periods as well. The null hypothesis of linear Granger noncausality from percentage volume changes to …
From Governance To Political Economy: Insights From A Study Of Relations Between Corporations And Workers, Harry W. Arthurs, Claire Mumme
From Governance To Political Economy: Insights From A Study Of Relations Between Corporations And Workers, Harry W. Arthurs, Claire Mumme
Osgoode Hall Law Journal
This study explores four postwar attempts to re-imagine the role of workers within the corporation and especially their relation to the processes of corporate governance. Employees have been variously conceptualized as "citizens at work," whose rights of association, speech, assembly, and due process can be secured through collective bargaining; as "stakeholders," whose interests are entitled to consideration analogous to those of corporate shareholders; as "human capital," worth preserving and enhancing through enlightened employment policies and practices; and as "investors"-actual holders of corporate equity through pension funds and other vehicles. Despite the descriptive power and normative appeal of these approaches, each …
Editor's Introduction: Technology And Development, Paul C. Godfrey
Editor's Introduction: Technology And Development, Paul C. Godfrey
Journal of Microfinance / ESR Review
No abstract provided.
Front Matter, Esr Review
Empowering The Next Billion, John E. Davies
Empowering The Next Billion, John E. Davies
Journal of Microfinance / ESR Review
When i travel to India, China, and other growing nations, I am visibly struck by the living conditions I hear about, statistically, there is an estimated 4 billion people who live in poverty around the world. It's visible. It's tangible. But I am also hit, with equal impact, by the relentless and imaginative entrepreneurship I witness in these very same places by people who, from my frame of reference, have scarce resources.
Improving Microfinance Through Telecommunications, Peter Bladin
Improving Microfinance Through Telecommunications, Peter Bladin
Journal of Microfinance / ESR Review
No abstract provided.
E-Business And Economic Self-Reliance, Stephen W. Liddle
E-Business And Economic Self-Reliance, Stephen W. Liddle
Journal of Microfinance / ESR Review
I am often asked to speak on the subject of e-business—its ramifications for modern organizations and its impact on our students who will soon be entering the workforce. E-business is the use of information technology and electronic communication networks to exchange business information and conduct transactions in electronic, paperless form. From online retail operations to Web-enabled self-service technical support, organizations around the world are transforming in significant and far-reaching ways.
Banking The Unbanked, Janine Firpo
Banking The Unbanked, Janine Firpo
Journal of Microfinance / ESR Review
No abstract provided.
Double Bottom Line Growth, Patrick Crompton
Double Bottom Line Growth, Patrick Crompton
Journal of Microfinance / ESR Review
No abstract provided.
Pebble In A Pond, Stephen R. Barley
Pebble In A Pond, Stephen R. Barley
Journal of Microfinance / ESR Review
Paul C. Godfrey, associate academic director of BYU’s Economic Self-Reliance Center, sat down with Stephen R. Barley, the Charles M. Pigott Professor of Management Science and Engineering at Stanford University, to discuss problems and needs associated with implementing technology in developing countries. Barley is co-director of the Center for Work, Technology, and Organization at Stanford’s School of Engineering, and the co-director of the Stanford/General Motors Collaborative Research Laboratory. He has written extensively on the impact of new technologies on work, the organization of technical work, and organizational culture. Barley was a member of the Board of Senior Scholars of the …
Center News, Esr Review
Partner Profiles, Esr Review
Partner Profiles, Esr Review
Journal of Microfinance / ESR Review
No abstract provided.
Reason: Christianity To Capitalism, Assunta M. Forgione
Reason: Christianity To Capitalism, Assunta M. Forgione
Journal of Microfinance / ESR Review
No abstract provided.
End Matter, Esr Review
Vol. 09 No. 1 Esr Review, Esr Review
Vol. 09 No. 1 Esr Review, Esr Review
Journal of Microfinance / ESR Review
No abstract provided.
Revisiting The Ethics Of Financial Executives In The Lodging Industry, James W. Damitio, Raymond S. Schmidgall
Revisiting The Ethics Of Financial Executives In The Lodging Industry, James W. Damitio, Raymond S. Schmidgall
Hospitality Review
This study revisited ethics in the hospitality industry and involved a randomly selected sample of lodging financial executives taken from the current membership roster of the Hospitality Financial and Technology Professionals (HFTP). After responding to a number of demographic questions, financial executives were asked to respond to 16 business scenarios that involved the issue of ethics. In addition, financial executives were asked if they would or would not do what the controller did in each scenario. Finally, responses of financial executives in the current study were compared to the responses of financial executives in a previous study. Findings indicate that …
Financial Reforms And Common Stochastic Trends In International Stock Prices: A Case Study Of Pakistan, Mohammed Nishat, Ch. Muhammad Irfan
Financial Reforms And Common Stochastic Trends In International Stock Prices: A Case Study Of Pakistan, Mohammed Nishat, Ch. Muhammad Irfan
Business Review
This study uses the co-integration and error-correction techniques to examine the linkages between Pakistan and other capital markets of developed economies (US, UK, Japan, Australia and Canada); regional markets in South Asia (India, Sri Lanka), East Asia (Indonesia, South Korea, Singapore, Malaysia, Taiwan, Philippines) and EU (Austria, Belgium, Denmark, Germany, Italy and Czech) countries. The results indicate a long-run relationship between Pakistani stock market and most of the international markets during the sample period (1997 to 2004). However, the longrun linkages were comparatively stronger with developed and EU markets. The direction of linkages in most cases, are from other regional …