Página 15 dos resultados de 1926 itens digitais encontrados em 0.003 segundos

Responsible Debt Collection in Emerging Markets

International Finance Corporation
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Trabalho em Andamento
Português
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Emerging market economies have been experiencing high credit growth and high delinquency rates amongst retail banking customers in recent years. However, collections practices have not always kept pace with this rapid growth; many collectors still rely on relatively unstructured processes and weak oversight frameworks. It is therefore important to consider how fair and ethical treatment of borrowers can be better promoted in these markets. To this end, International Finance Corporation (IFC) commissioned a study in 2009 to examine the question of what guiding principles should financial institutions follow to raise their responsible and ethical standards in collections. IFC has subsequently commissioned Oliver Wyman to study existing global retail debt collections practices and recommend tangible actions that lenders and collectors can take to promote responsible and ethical standards in the field. The conclusions of this study are based on field research conducted by IFC and Oliver Wyman, industry experts analysis and opinion...

Facilitating SME Financing through Improved Credit Reporting

International Committee on Credit Reporting
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
Tipo: Relatório
Português
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The general principles for credit reporting were issued by the World Bank in September 2011. Since then, the World Bank and the international committee on credit reporting (ICCR) have been leading efforts towards the implementation of the general principles worldwide. This report is one of the concrete outputs of the work following the general principles. It addresses one of the most significant problems that limit the ability of most small and medium enterprises (SMEs) around the world to obtain adequate external financing to underpin their productive activities: information asymmetries. Creditors assess the creditworthiness of credit and loan applicants based on two basic criteria: ones financial capacity or ability to repay a loan, and ones willingness to repay the loan. A credit reporting system s (CRS) basic objective is to address information asymmetries, which is crucial for determining repayment capacity and repayment willingness. Credit reporting can therefore be extremely valuable to creditors for enhanced...

Doing Business in Nigeria 2014

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Relatório
Português
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Nigeria accounts for nearly one-fourth of Sub-Saharan Africa s population and is the seventh most populous country in the world. As of April 2014 it is recognized as the continent s largest economy. Ranking 13th in the world for its oil production, Nigeria is Africa s largest producer and holds the second highest proven oil reserves on the continent, after Libya.3 Since embarking on the path of democracy in 1999, the country has enjoyed consistent and high economic growth rates, in the range of 6-8 percent annually in recent years. With its large reserves of human capital and natural resources, a large domestic market, and strong economic fundamentals, Nigeria is well positioned to join the group of large emerging markets and be the continent s powerhouse. Nigeria has already been identified as one of the promising MINT economies (an acronym for Mexico, Indonesia, Nigeria and Turkey), following the BRICs on the path to develop rapidly. Creating jobs to improve the well-being of all Nigerians, regardless of their personal circumstances and location...

Bosnia and Herzegovina

World Bank; International Monetary Fund
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
Tipo: Relatório
Português
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This Technical Note was prepared in the context of a joint World Bank-IMF Financial Sector Assessment Program mission in Bosnia and Herzegovina during October – November, 2014. The FSAP team found the DIA is to be Compliant or Largely Compliant with 12 out of 16 applicable Core Principles and Materially Non-Compliant with three Core Principles. The team found a number of areas where some deficiencies exist in the deposit insurance system and financial safety-net arrangements and accordingly is proposing a corrective action plan to address these areas.

Australian multinational and domestic corporations capital structure determinants

Akhtar, Shumi
Fonte: Universidade Nacional da Austrália Publicador: Universidade Nacional da Austrália
Tipo: Working/Technical Paper Formato: 338096 bytes; 350 bytes; application/pdf; application/octet-stream
Português
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This study investigates the significance of the determinants of capital structure on a sample of Australian multinational corporations and Australian domestic corporations over the period 1992 to 2001. The determinants of capital structure have captured academic thought for many decades, particularly since Modigliani and Miller (1958). If optimal capital structures do exist and that these structures maximise firm value, obtaining an understanding of the determinants of capital structure is important in obtaining an understanding of the way firms maximise value. Multinational corporations control considerable assets and some multinationals control more assets than that which is controlled by some countries. Decisions about capital structure may have important implications in regards to shareholder wealth effects. Therefore, obtaining an understanding of the determinants of capital structure and the differences between domestic and multinational capital structure is of interest to academics, politicians, shareholders and financiers. The results show that the level of leverage does not differ significantly between multinational and domestic corporations. Using cross-sectional Tobit regression analysis the results show substantial variation in capital structure determinants between multinational and domestic corporations. For both types of organisations growth...

Mezzanine zur Verbesserung der Gläubigerkoordination - Eine theoretische und experimentelle Untersuchung; Mezzanine to improve Creditor Coordination - A theoretical and experimental Analysis

Schink, Anika
Fonte: Universidade de Tubinga Publicador: Universidade de Tubinga
Tipo: Dissertação
Português
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Die vorliegende Arbeit zeigt, dass durch eine durch Mezzanine-Kapital gestützte Finanzierung eine Verbesserung der Gläubigerkoordination herbeigeführt werden kann. Kapitel 2 dient dazu, einen Überblick über die Rolle und Entwicklung von Mezzanine und seiner Relevanz als Finanzierungsinstrument zu geben. Kapitel 3 wendet sich der Beurteilung der Vorteilhaftigkeit von Mezzanine-Finanzierungen zu. Die Argumentation erfolgt primär aus der Perspektive des zu finanzierenden Unternehmens. Der Fokus wird auf Unternehmensinsolvenzen gelegt, die als Konsequenz aus einer Gläubigerfehlkoordination und einem damit verbundenen vorzeitigen Kapitalabzug ausgelöst werden. Die Beantwortung folgender Frage ist zentral: Inwiefern kann eine durch Mezzanine gestützte Unternehmensfinanzierung dazu beitragen, dass die einzelnen Fremdkapitalgeber von einem vorzeitigen Kapitalabzug absehen bzw. im Vergleich zu einer reinen Fremdkapitalfinanzierung das eingesetzte Kapital nur bei deutlich schlechteren Unternehmenskennzahlen abziehen? Kann dadurch eine Insolvenz abgewendet werden? Kapitel 4 setzt sich mit der Aussagekraft der Theorie globaler Spiele auseinander. Zur Beurteilung selbiger wird auf die experimentelle Ökonomie zurückgegriffen. Das Entscheidungsverhalten der Teilnehmer wird in einem kontrollierten Rahmen genau beobachtet und wesentliche beeinflussende Faktoren werden identifiziert. Das Ergebnis der vorliegenden Arbeit ist somit...

Predicting contractor financial stability: New insight for source selection

Moses, Douglas O.; Liao, Shu S.
Fonte: Monterey, California. Naval Postgraduate School Publicador: Monterey, California. Naval Postgraduate School
Tipo: Relatório
Português
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Although a relatively small percentage of the total number of contracts awarded by the Federal Government, contracts terminated for financial reasons can be very costly to the government. This study investigated the feasibility of developing a reliable contractor bankruptcy prediction model. This report begins with a brief discussion of the source selection process, followed by a discussion of the need for a contractor bankruptcy prediction model. A reliable model was developed and validated with real world cases. We conclude that significant cost savings can be realized if our model is utilized during the source selection stage of contracting. Keywords: Source selection; Bankruptcy prediction, Terminations for default, and Pre-award survey

El crédito por intereses en el concurso

Martínez-Moya Fernández, María
Fonte: Universidade de Múrcia Publicador: Universidade de Múrcia
Tipo: Tese de Doutorado Formato: application/pdf
Português
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RESUMEN: En el contexto de la Ley 22/2003, de 9 de Julio, Concursal la obligación del deudor de pagar intereses a sus acreedores –el crédito por intereses- es objeto de dos normas específicas: la del artículo 59 LC que, como efecto subsiguiente a la declaración de concurso, establece, con carácter general, la suspensión del devengo de los intereses «legales o convencionales», y la del artículo 92.3º LC que, en sede de graduación de créditos, incluye en el tercer nivel del elenco de créditos subordinados a los «intereses de cualquier clase, incluidos los moratorios». En la interpretación necesariamente coordinada de ambos preceptos se viene acudiendo mayoritariamente a una lectura que, atendiendo a un prisma exclusivamente temporal, considera que como los intereses de todo tipo se someten, en general, al efecto de la suspensión, los intereses que sufren la degradación a crédito subordinado son los intereses, también de cualquier clase, devengados con anterioridad a la declaración de concurso. Sin embargo, sobre la hipótesis de los distintos conceptos, naturalezas y regímenes jurídicos de los intereses retributivos y moratorios y los principios basales del sistema concursal, en el estudio se considera la hipótesis de que el régimen correspondiente al crédito por intereses moratorios es distinto al merecido por los intereses retributivos...

La aprobación judicial del convenio: calificación y rescisión concursal

Pulgar Ezquerra, Juana
Fonte: Universidad de Alcalá. Servicio de Publicaciones Publicador: Universidad de Alcalá. Servicio de Publicaciones
Tipo: Artigo de Revista Científica Formato: application/pdf
Português
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La aprobación judicial del convenio concursal determina el inicio de su eficacia, cesando a partir de ese momento los efectos conectados a la declaración del concurso e iniciándose un nuevo marco de relaciones con el sector público en virtud de las últimas reformas legislativas acometidas,  aun cuando subsiste el concurso hasta el cumplimiento y ejecución integra del convenio. En este ámbito se suscita la incidencia que la aprobación judicial del convenio tendría en el marco de la calificación del concurso, así como en el inicio o continuación de eventuales acciones rescisorias.; The judicial approval of the insolvency agreement determines the start of its efficacy. Since then, the effects connected to the opening of the bankruptcy proceeding cease, and a new relations framework with the public sector starts by virtue of the last legislative reforms, despite the fact that the bankruptcy procedure subsists until the compliance and full execution of the agreement. In this area raises the incidence that the judicial approval of the agreement would have on the qualification of the bankruptcy, as well as either on the initiation or continuation of eventual rescission actions.

Philippine Economic Update, October 2015; Making Growth Work Better for Small Businesses

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Report; Economic & Sector Work :: Economic Updates and Modeling; Economic & Sector Work
Português
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The Philippines is among the strongest performers in the region, bucking the trend. In the first half (H1) of 2015, among the major economies in the region, the only countries to accelerate their quarterly growth rates were the Philippines, from 5 to 5.6 percent, and Vietnam. In spite of this acceleration, for the two quarters combined, Philippine growth rate came out at 5.3 percent—its lowest half year growth rate since 2011. On the demand side, the strong performance of private domestic demand at 8.1 percent, supported by record low inflation and robust remittances, drove GDP growth. However, the slow pace of public spending and the contraction in net exports pulled down GDP growth. On the supply side, the onset of El Niño led to stagnant agriculture growth. Meanwhile, growth in industry and services was respectable, with both sectors growing by around 5.8 percent. In Q3, available high frequency data suggest an improving economy, in particular, an acceleration in government spending.

Financial Failure In the Hospitality Industry

Tavlin, Edward M.; Moncarz, Elisa S.; Dumont, Deb
Fonte: FIU Digital Commons Publicador: FIU Digital Commons
Tipo: Artigo de Revista Científica Formato: application/pdf
Português
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16.87%
The hospitality industry (especially the restaurant segment) has a historically high rate of financial failures. Yet, financial failure in the industry has not received the attention it deserves. In this article, the authors identify basic reasons underlying failed ideas while presenting a study of several hospitality chains that have experienced varying degrees of financial failure. The characteristics and pitfalls of these companies provide the necessary groundwork to explore major lessons to be learned which should aid hospitality management to aviod future business failures.

Slovakia : Financial Sector Assessment

World Bank
Fonte: Banco Mundial Publicador: Banco Mundial
Tipo: Economic & Sector Work :: Financial Sector Assessment Program (FSAP); Economic & Sector Work
Português
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A joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission visited Slovakia from February 14-March 1, 2002 and April 8-19, 2002 to undertake an assessment of the financial sector. The principal objective of the missions was to assist the Slovak authorities in evaluating the potential vulnerabilities and key development priorities in the Slovak Financial System. This work was seen as being of particular importance in light of Slovakia's eventual accession to the European Union (planned for the beginning of 2004). This report provides a summary of the main findings of the mission, and the policy priorities identified.

Decentralization and the Challenge of Hard Budget Constraints; Descentralizacao e o desafio das rigidas contencoes orcamentarias

Rodden, Jonathan
Fonte: World Bank, Washington, DC Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Brief; Publications & Research
Português
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Since the early 1980s fiscal and political decentralization have spread around the world. But decentralization can encourage dangerous opportunistic behavior by state and local officials. Left unrestricted, such opportunism can undermine macroeconomic stability and other objectives. The most pressing manifestation of this problem is the softening of subnational budget constraints. The impact of decentralization on public sector efficiency and macroeconomic stability depends on a country's ability to prevent lower-level governments from passing on their liabilities to higher-level governments. This note draws on 11 countries to identify institutional factors associated with hard and soft budget constraints and extract policy lessons for other countries.

Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Economic & Sector Work :: Financial Sector Assessment Program (FSAP); Economic & Sector Work
Português
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16.87%
During February 19-March 4, 2013 an assessment under the International Monetary Fund (IMF)/World Bank Financial Sector Assessment Program (FSAP) was conducted for the Republic of Poland. Poland's financial system has been expanding rapidly and remains dominated by banks. The total assets of the financial system grew from 86 percent of Gross Domestic Product (GDP) in 2005 to 124 percent of GDP in 2012. The banking system is dominated by a handful of foreign-owned banks. They control about 65 percent of the sector's assets-a sizeable proportion, but lower than in the Czech Republic, Hungary, and Slovakia. The Polish banking system is well capitalized and liquid. In aggregate, capital adequacy reached 14.7 percent, 90 percent of which is tier capital. Banks' profits in 2011 and 2012 were historically high, and regulations restricting dividend payouts aided capital building. Regulatory and supervisory efforts have helped improve the resilience of the banking system, but the economic slowdown will pose some challenges for banks. Poland's regulatory...

Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment; Uruguay - Informe sobre el cumplimento de normas y codigos (ROSC) : evaluacion nacional de la gobernanza corporative

World Bank
Fonte: Washington, DC Publicador: Washington, DC
Tipo: Economic & Sector Work :: Corporate Governance Assessment (ROSC); Economic & Sector Work
Português
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This report provides an assessment of Uruguay's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Uruguay. The paper discusses Uruguay's recent advances in financial and economic stability have given rise to an adequate basis for capital markets deepening and growth. However, these initial advances were jeopardized by a series of defaulting securities issuers and the 2002 financial instability episode which led to a perception of high risk and unpredictability of capital markets. The report then identifies several key steps to take in order to set strong corporate governance efficiency in the state owned financial sector. These steps include: improving corporate information, particularly ownership disclosure, related party transactions procedures, and financial reporting; promoting effective and active boards of directors; strengthening institutions, including the securities regulator, and the companies registry; and modernizing securities markets by strengthening intermediation and related regulations.

Doing Business 2014 Economy Profile : Luxembourg

World Bank; International Finance Corporation
Fonte: World Bank Group, Washington, DC Publicador: World Bank Group, Washington, DC
Tipo: Publications & Research :: Working Paper; Publications & Research
Português
Relevância na Pesquisa
16.87%
This economy profile presents the Doing Business indicators for Luxembourg. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.

Doing Business 2014 Economy Profile : Lithuania

World Bank; International Finance Corporation
Fonte: World Bank Group, Washington, DC Publicador: World Bank Group, Washington, DC
Tipo: Publications & Research :: Working Paper; Publications & Research
Português
Relevância na Pesquisa
16.87%
This economy profile presents the Doing Business indicators for Lithuania. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.

Doing Business 2014 Economy Profile : Macedonia, FYR

World Bank; International Finance Corporation
Fonte: World Bank Group, Washington, DC Publicador: World Bank Group, Washington, DC
Tipo: Publications & Research :: Working Paper; Publications & Research
Português
Relevância na Pesquisa
16.87%
This economy profile presents the Doing Business indicators for Macedonia. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.

Doing Business 2014 Economy Profile : Madagascar

World Bank; International Finance Corporation
Fonte: World Bank Group, Washington, DC Publicador: World Bank Group, Washington, DC
Tipo: Publications & Research :: Working Paper; Publications & Research
Português
Relevância na Pesquisa
16.87%
This economy profile presents the Doing Business indicators for Madagascar. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.

Doing Business 2014 Economy Profile : Myanmar

World Bank; International Finance Corporation
Fonte: World Bank Group, Washington, DC Publicador: World Bank Group, Washington, DC
Tipo: Publications & Research :: Working Paper; Publications & Research
Português
Relevância na Pesquisa
16.87%
This economy profile presents the Doing Business indicators for Myanmar. In a series of annual reports, Doing Business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year's report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.