Firm Value And The Tax Benefits Of Debt : A Study On Public Listed Company In Malaysia.,
2010
Universiti Malaya
Firm Value And The Tax Benefits Of Debt : A Study On Public Listed Company In Malaysia., Izam Syaharadzi Ahmad Sofian
Student Works (2010-2019)
This study has three main objectives. First, to empirically defines the relationship between firm value and debt of Public Listed Company in Malaysia once endogeneity of contemporaneous debt is corrected. Secondly the study looks into the possibility impact of alternative theories such as Free Cash Flow and Debt Signaling Hypotheses to the relationship between firm value and debt. Finally, it examines the influence of managerial ownership towards firm value and how it affects the benefits of debts. This study uses interest expense scaled by total assets as proxy of debt. The relationship between firm value and debt is statistically tested …
Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?,
2010
Rollins College
Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?, Tonia Warnecke, Alex De Ruyter
Faculty Publications
Approaches to economic development have overemphasized negative economic freedom for multinational corporations at the expense of a majority of the population in developing countries. An inevitable outcome has been the growth of informal sector and “vulnerable” employment in developing countries and entrenchment of existing inequalities. We argue that rather than an emphasis on negative freedom, an emphasis on using labor standards to facilitate positive economic freedom must occur. Labor standards do this not only through the “core” rights of union membership and collective bargaining, but also in addressing substantive (“non-core”) rights at work (wages, working-time, etc.), thereby facilitating positive freedom.
Macroeconomics Stress Testing On Malaysia Commercial Banks' Credit Portfolios.,
2010
Universiti Malaya
Macroeconomics Stress Testing On Malaysia Commercial Banks' Credit Portfolios., Foo Chii Shia
Student Works (2010-2019)
In the research paper, quarterly data on Non-performing Loan (NPL) for commercial banks in Malaysia over the time period of quarter 1, 1998 to quarter 4, 2009 together with 5 macroeconomic indicators i.e. Gross Domestic Product (GDP), Consumer Price Index (CPI), FTSE Bursa Malaysia KLCI (KLCI), Unemployment rate and House Property Index are collected to form a credit risk model. The estimated model is employed to analyse banking credit risks conditional on current macroeconomic conditions. Stepwise multiple regression method has been used which to select the useful subsets of variables and to evaluate the order of importance of variables. Furthermore, …
Protected Areas Reduced Poverty In Costa Rica And Thailand,
2010
International Food Policy Research Institute
Protected Areas Reduced Poverty In Costa Rica And Thailand, Kwaw S. Andam, Paul J. Ferraro, Katharine R. E. Sims, Andrew Healy, Margaret B. Holland
Economics Faculty Works
As global efforts to protect ecosystems expand, the socioeconomic impact of protected areas on neighboring human communities continues to be a source of intense debate. The debate persists because previous studies do not directly measure socioeconomic outcomes and do not use appropriate comparison groups to account for potential confounders. We illustrate an approach using comprehensive national datasets and quasi-experimental matching methods. We estimate impacts of protected area systems on poverty in Costa Rica and Thailand and find that although communities near protected areas are indeed substantially poorer than national averages, an analysis based on comparison with appropriate controls does not …
Explaining The Saving-Investment Relationship With Threshold Effects,
2010
University of the Pacific
Explaining The Saving-Investment Relationship With Threshold Effects, Unro Lee
Eberhardt School of Business Faculty Articles
There have been many attempts to explain the unreasonably high correlation between domestic saving and investment rates. The threshold testing procedure developed by Hansen (1999) provides a framework for testing the effects of key variables relating to capital mobility in conjunction with the saving- investment relationship. Ho (2003) first applied this method to the saving-investment puzzle controlling for thresholds in country size. Extending this model, this paper reports a number of significant thresholds effects for country- size, trade and financial openness measures, age dependency ratios and trade balances. After controlling for threshold effects the relationship between savings and investment is …
The Procyclical Behavior Of Total Factor Productivity In The United States, 1890-2004,
2010
Santa Clara University
The Procyclical Behavior Of Total Factor Productivity In The United States, 1890-2004, Alexander J. Field
Economics
Between 1890 and 2004 total factor productivity (TFP) growth in the United States has been strongly procyclical, while labor productivity growth has been mildly so. This article argues that these results are not simply a statistical artifact, as Mathew Shapiro and others have argued. Procyclicality resulted principally from demand shocks interacting with capital services which are relatively invariant over the cycle. This account contrasts with explanations emphasizing labor hoarding as well as those offered by the real business cycle (RBC) program, in which TFP shocks (deviations from trend) are themselves the cause of cycles.
Identifying The Effect Of A Welfare-To-Work Program Using Capacity Constraint: A New York City Quasi-Experinmet,
2010
Santa Clara University
Identifying The Effect Of A Welfare-To-Work Program Using Capacity Constraint: A New York City Quasi-Experinmet, John Ifcher
Economics
In 1999 general assistance recipients in New York City were required to participate in a job training and outplacement assistance program. Initially, recipients were enrolled in ‘waves’ due to capacity constraints. The program’s impact is identified using a quasiexperiment in which selectees are compared to concomitantly eligible non-selectees. Selectees are 15 percentage points more likely to start a job and 10 percentage points more likely to exit welfare than are non-selectees. This methodology is important since random-assignment experiments can be costly and difficult to implement. Further, experiments are not impervious to criticism; this procedure addresses three of five known shortcomings.
Optimal Solid Waste Policy With Centralized Recycling Opportunities,
2010
Bucknell University
Optimal Solid Waste Policy With Centralized Recycling Opportunities, Thomas C. Kinnaman
Faculty Journal Articles
Economic models have demonstrated the efficiency of curbside collection taxes. This paper demonstrates that such efficiencies disappear in economies with centralized recycling options - where recyclable materials can be removed from the waste stream either by households or at a centralized recycling facility. In such economies a curbside garbage tax not only fails to encourage the centralized recycler to internalize the external costs of waste disposal, but introduces inefficiencies to the cost-minimizing mix of household and centralized recycling efforts. The optimal waste policy is a tax assessed further downstream at the landfill rather than at the curb.
Solid Waste Management In The Caribbean,
2010
Bucknell University
Solid Waste Management In The Caribbean, Thomas C. Kinnaman
Faculty Journal Articles
Increases in population, urbanization, and per-capita incomes in the Caribbean over the past century have magnified the traditional challenge of managing household refuse. This paper will discuss the historical evolution of solid waste management practices, summarize the current state of waste management in the Caribbean, consider the future growth of waste production, highlight options for future waste management, and finally consider policies available to change current household waste disposal practices. Solid waste planners might find this information useful to prepare long-term strategies for waste management in the Caribbean.
Mountain Monitor-1st Quarter 2010,
2010
Brookings Institution
Mountain Monitor-1st Quarter 2010, Mark Muro, Jonathan Rothwell, Kenan Fikri
Mountain Monitor Quarterly
Where are the jobs? That anxious question pervading national discussions of the Great Recession and its aftermath is becoming acute in the Intermountain West. Not only has the region’s usual faster-than-the-nation employment snapback after recessions failed to materialize this time around. What is more, the Mountain region’s halting economic recovery in some ways actually weakened in the first three months of 2010 as reports this new edition of the Mountain Monitor, a quarterly report produced by Brookings Mountain West, a partnership between Brookings and the University of Nevada, Las Vegas (UNLV), and a companion product to Brookings national MetroMonitor. Drawing …
Examination Of The Regional Supply And Demand Balance For Renewable Electricity In The United States Through 2015: Projecting From 2009 Through 2015 (Revised),
2010
National Renewable Energy Laboratory
Examination Of The Regional Supply And Demand Balance For Renewable Electricity In The United States Through 2015: Projecting From 2009 Through 2015 (Revised), Lori Bird, David Hurlbut, Pearl Donohoo, Karlynn Cory, Claire Kreycik
Publications (E)
This report examines the balance between the demand and supply of new renewable electricity in the United States on a regional basis through 2015. It expands on a 2007 NREL study (Swezey et al. 2007) that assessed the supply and demand balance on a national basis. As with the earlier study, this analysis relies on estimates of renewable energy supplies compared to demand for renewable energy generation needed to meet existing state renewable portfolio standard (RPS) policies in 28 states, as well as demand by consumers who voluntarily purchase renewable energy. However, it does not address demand by utilities that …
Regional Science And Innovation Policies: Five Case Studies,
2010
Cleveland State University
Regional Science And Innovation Policies: Five Case Studies, Iryna Lendel, Luz Haack
All Maxine Goodman Levin School of Urban Affairs Publications
No abstract provided.
Northeast Ohio High-Tech Economy Report,
2010
Cleveland State University
Northeast Ohio High-Tech Economy Report, Iryna Lendel
All Maxine Goodman Levin School of Urban Affairs Publications
No abstract provided.
Offshoring And The State Of American Manufacturing,
2010
W.E. Upjohn Institute for Employment Research
Offshoring And The State Of American Manufacturing, Susan N. Houseman, Christopher Kurz, Paul A. Lengermann, Benjamin R. Mandel
Upjohn Institute Working Papers
The rapid growth of offshoring has sparked a contentious debate over its impact on the U.S. manufacturing sector, which has recorded steep employment declines yet strong output growth—a fact reconciled by the notable gains in manufacturing productivity. We maintain, however, that the dramatic acceleration of imports from developing countries has imparted a significant bias to the official statistics. In particular, the price declines associated with the shift to low-cost foreign suppliers generally are not captured in input cost and import price indexes. To assess the implications of offshoring bias for manufacturing productivity and value added, we implement the bias correction …
Trust In Others: Does Religion Matter?,
2010
Marquette University
Trust In Others: Does Religion Matter?, Joseph P. Daniels, Marc Von Der Ruhr
Economics Faculty Research and Publications
Though the recent literature offers intuitively appealing bases for, and evidence of, a linkage among religious beliefs, religious participation and economic outcomes, evidence on a relationship between religion and trust is mixed. By allowing for an attendance effect, disaggregating Protestant denominations, and using a more extensive data set, probit models of the General Social Survey (GSS), 1975 through 2000, show that black Protestants, Pentecostals, fundamentalist Protestants, and Catholics, trust others less than individuals who do not claim a preference for a particular denomination. For conservative denominations the effect of religion is through affiliation, not attendance. In contrast, liberal Protestants trust …
Why You Should Care About The Threatened Middle Class,
2010
Georgia State University
Why You Should Care About The Threatened Middle Class, Jill Littrell, Fred Brooks, Jan Ivery, Mary L. Ohmer
The Journal of Sociology & Social Welfare
In the last two decades, the income and security of the individual middle class worker has declined and the gap between the middle class and the wealthy has widened. We explain how this is bad for democracy, the economy, and the aggregate health of the nation. We examine the governmental policies and interventions that increased the middle class following the depression and maintained its vigor through the post-World War II period. The impetus for these changes in governmental policies in the 1930s was to end the Great Depression. We pose the question of whether a nation can recover from a …
Montana Nonresident Traveler Expenditure Trends: 1998-2008,
2010
The University of Montana-Missoula
Montana Nonresident Traveler Expenditure Trends: 1998-2008, Kara Grau
Institute for Tourism and Recreation Research Publications
This report shows the nonresident traveler expenditure trends for visitors of Montana from 1998-2008. It also displays the total actual expenditures and the total inflation-adjusted expenditures.
Montana Nonresident Traveler Expenditure Trends: 1999-2009,
2010
The University of Montana-Missoula
Montana Nonresident Traveler Expenditure Trends: 1999-2009, Kara Grau
Institute for Tourism and Recreation Research Publications
This report shows the nonresident traveler expenditure trends for visitors of Montana from 1999-2009. It also displays the total actual expenditures and the total inflation-adjusted expenditures.
Montana Nonresident Traveler Quarterly Travel Comparison: 2009,
2010
The University of Montana-Missoula
Montana Nonresident Traveler Quarterly Travel Comparison: 2009, Kara Grau
Institute for Tourism and Recreation Research Publications
This report shows the 2009 quarterly visitation and length of stay data for nonresident travelers to Montana. It also displays average daily spending for various expenditure categories, as well as total expenditures for those categories.
Montana Nonresident Traveler Quarterly Travel Comparison: 2008,
2010
The University of Montana-Missoula
Montana Nonresident Traveler Quarterly Travel Comparison: 2008, Kara Grau
Institute for Tourism and Recreation Research Publications
This report shows the 2008 quarterly visitation and length of stay data for nonresident travelers to Montana. It also displays average daily spending for various expenditure categories, as well as total expenditures for those categories.
