Banks play a pivotal role in an emerging economy. They mirror the country＇s political and economic status. The more savings deposited in banks would mean the availability of cash provided to users of funds. On the ot...Banks play a pivotal role in an emerging economy. They mirror the country＇s political and economic status. The more savings deposited in banks would mean the availability of cash provided to users of funds. On the other hand, their closure affects the creditors. The goals of the study include the minimization of losses imposed on creditors and the expeditious recoveries of their claims against the closed banks＇ assets. The study proved on the four significant impacts of selected insolvency indicators on the recoveries of creditors＇ claims against the assets of closed banks under the Philippine context from 1961 to 2011. The study uses various methods such as Pearson product-moment correlation coefficient to establish the strength of association of the independent variable to the dependent variable and time series technique （moving average and trend forecasting） in order to observe the pattern of data over a known period of time. Using the regression analysis, the researchers were able to establish a regression model. The ANOVA test, f-test, and R2-test were used to prove the model＇s goodness-of-fit, the significance of the predictors, and verification of the assumption of regression hold. Empirical evidence reveals that capital to estimated realizable value of assets ratio （ERVA） and debt to assets ratio （with respect to ERVA） were significant predictors of recovery. Further, the presence of high leverage on banks indicates that their liabilities exceed the value of their realizable assets. Thus, these banks fail to meet their maturing obligations, hence, imposing losses on the uninsured depositors and other creditors.展开更多
The phenomenon of global fragmented production and associated trade in intermediate products,including intangible assets,has changed how economists study globalization and how new public policies are shaped.Understand...The phenomenon of global fragmented production and associated trade in intermediate products,including intangible assets,has changed how economists study globalization and how new public policies are shaped.Understanding cross-border flows of disembodied knowledge,often associated with intellectual property(IP),is essential for analyzing how modern economies operate.Available data to document these international IP-related knowledge flowsdnamely cross-border payments for IPdare distorted by various factors.Tax planning by multinational enterprises has seriously distorted the measurement of cross-border IP flows,affecting national measurements of imports,exports,GDP,and productivity.The tax-induced mismeasurement could be more than 35% of global charges for use of intellectual property,and greater for individual countries,particularly high-taxrate countries.International initiatives to address the effects of tax base erosion,profit shifting,and other statistical initiatives on global value chains will improve future measurements of cross-border IP flows,improving the understanding of both the creation and uses of IP.展开更多
文摘Banks play a pivotal role in an emerging economy. They mirror the country＇s political and economic status. The more savings deposited in banks would mean the availability of cash provided to users of funds. On the other hand, their closure affects the creditors. The goals of the study include the minimization of losses imposed on creditors and the expeditious recoveries of their claims against the closed banks＇ assets. The study proved on the four significant impacts of selected insolvency indicators on the recoveries of creditors＇ claims against the assets of closed banks under the Philippine context from 1961 to 2011. The study uses various methods such as Pearson product-moment correlation coefficient to establish the strength of association of the independent variable to the dependent variable and time series technique （moving average and trend forecasting） in order to observe the pattern of data over a known period of time. Using the regression analysis, the researchers were able to establish a regression model. The ANOVA test, f-test, and R2-test were used to prove the model＇s goodness-of-fit, the significance of the predictors, and verification of the assumption of regression hold. Empirical evidence reveals that capital to estimated realizable value of assets ratio （ERVA） and debt to assets ratio （with respect to ERVA） were significant predictors of recovery. Further, the presence of high leverage on banks indicates that their liabilities exceed the value of their realizable assets. Thus, these banks fail to meet their maturing obligations, hence, imposing losses on the uninsured depositors and other creditors.
文摘The phenomenon of global fragmented production and associated trade in intermediate products,including intangible assets,has changed how economists study globalization and how new public policies are shaped.Understanding cross-border flows of disembodied knowledge,often associated with intellectual property(IP),is essential for analyzing how modern economies operate.Available data to document these international IP-related knowledge flowsdnamely cross-border payments for IPdare distorted by various factors.Tax planning by multinational enterprises has seriously distorted the measurement of cross-border IP flows,affecting national measurements of imports,exports,GDP,and productivity.The tax-induced mismeasurement could be more than 35% of global charges for use of intellectual property,and greater for individual countries,particularly high-taxrate countries.International initiatives to address the effects of tax base erosion,profit shifting,and other statistical initiatives on global value chains will improve future measurements of cross-border IP flows,improving the understanding of both the creation and uses of IP.
