The idea of this survey on microfinance in Panama arises from the importance of this financial sector in Latin America, in particular this paper analyzes the system of microcredit and estimate, among other things, the...The idea of this survey on microfinance in Panama arises from the importance of this financial sector in Latin America, in particular this paper analyzes the system of microcredit and estimate, among other things, the financial needs of the institutions of microcredit as a potential target of international investment. The present paper aims to provide a cognitive framework on microcredit in Panama. It wants to demonstrate how this country can be an area in which international investors can operate considering that this form of credit can improve their yields especially in countries, such as Panama, characterized by high interest rates. Under the methodological point of view, the paper considers the financial variables of microcredit in Panama. In this way, it reaches the goal of the research to identify MFIs （micro finance institutions） as a potential target of investors.展开更多
The trend that China's economy is being"off the real to the virtual"is a typical fact in recent years.A large number of firms invest and hold financial asscts,the investing and profit-generating channels...The trend that China's economy is being"off the real to the virtual"is a typical fact in recent years.A large number of firms invest and hold financial asscts,the investing and profit-generating channels of the real sectors are becoming more and more financialized.By utilizing sample of Chinese A-share manufacturing firms from the year of 2007 to 2015,and using fixed effect model,this paper investigates the driving factor of the financialization of real sectors.The results show that:(1)institutional investors,overall,drive the financialization of real sectors;(2)instiutional investors are heterogeneous,that is,long-term institutional investors do not show a significant correlation with the financialization of real sectors;however,short-term institutional investors significantly drive the financialization of real sectors;(3)the results.of further investigation show that the driving effect of institutional investors on financialization is more significant in state owned firms than that in private firms.The findings have implications as follows:guiding the investment behavior of institutional investors,leading financial sector to serve the real economy,promoting financial structure reform.展开更多
文摘The idea of this survey on microfinance in Panama arises from the importance of this financial sector in Latin America, in particular this paper analyzes the system of microcredit and estimate, among other things, the financial needs of the institutions of microcredit as a potential target of international investment. The present paper aims to provide a cognitive framework on microcredit in Panama. It wants to demonstrate how this country can be an area in which international investors can operate considering that this form of credit can improve their yields especially in countries, such as Panama, characterized by high interest rates. Under the methodological point of view, the paper considers the financial variables of microcredit in Panama. In this way, it reaches the goal of the research to identify MFIs （micro finance institutions） as a potential target of investors.
基金National Social Science Fund Project"Defect Recognition Criteria of Internal Control:Indicator Design,Influencing Factors and Economic Consequences"(71572069)Jinan University Research Fund for Scicntific Research and Innovation and Jinan Voyage Project(15JNYH008).
文摘The trend that China's economy is being"off the real to the virtual"is a typical fact in recent years.A large number of firms invest and hold financial asscts,the investing and profit-generating channels of the real sectors are becoming more and more financialized.By utilizing sample of Chinese A-share manufacturing firms from the year of 2007 to 2015,and using fixed effect model,this paper investigates the driving factor of the financialization of real sectors.The results show that:(1)institutional investors,overall,drive the financialization of real sectors;(2)instiutional investors are heterogeneous,that is,long-term institutional investors do not show a significant correlation with the financialization of real sectors;however,short-term institutional investors significantly drive the financialization of real sectors;(3)the results.of further investigation show that the driving effect of institutional investors on financialization is more significant in state owned firms than that in private firms.The findings have implications as follows:guiding the investment behavior of institutional investors,leading financial sector to serve the real economy,promoting financial structure reform.
