Improved sanitation access is extremely low in rural Cambodia. Non-governmental organizations have helped build local supply side latrine markets to promote household latrine purchase and use, but households cite inability to pay as a key barrier to purchase. To examine the extent to which microfinance can be used to facilitate household investment in sanitation, we applied a twopronged assessm...

As economic development and globalization continue, more companies are rapidly capturing market share increasing profits through credit sales, thus creating a large amount of accounts receivable. Strengthening the management receivable can not only prevent effectively control corresponding receivable, but also enhance company’s ability to recover Therefore, how properly manage is difficult issu...

Trade credit is a well established promotional tool in the present competitive world and its impact on demand cannot be ignored. Businesses often use trade credit to increase their market share and, in turn, the profit. Undoubtedly, trade credit plays a great role in increasing the demand but it also involves a great risk of nonpayment. In order to reduce the risk of non-payment, businessman at...

BAF Bussan Auto Finance is a financial service provider company focusing on financing new motorbikes specifically for the Yamaha brand. Not only providing services brand motorcycles, also provides car loans, electronic devices, gadgets, furniture, and agricultural machinery. Therefore, PT. realizes there must be concrete steps to increase motivation morale between employees leaders. This study ...

This paper documents the rise of the Internet as a source of cigarette tax competition for states in the United States. Using data on cigarette tax rates, taxable cigarette sales and individual smoking rates by state from 1980 to 2005 merged with data on Internet penetration, the paper documents that there has been a substantial increase in the sensitivity of taxable cigarette sales that is cor...

This paper studies temporary policy incentives designed to address capital overhang by inducing asset demand from buyers in the private market. Using variation across local geographies in ex ante program exposure and a difference-in-differences design, we find that the First-Time Homebuyer Credit induced a cumulative increase in home sales of 397 to 546 thousand, or 7.8 to 10.7 percent, nationa...

Credit and liquidity shocks represent main channels of financial contagion for interbank lending markets. On one hand, banks face potential losses whenever their counterparties are under distress and thus unable to fulfill their obligations. On the other hand, solvency constraints may force banks to recover lost fundings by selling their illiquid assets, resulting in effective losses in the pre...

The volatility of short-term capital flows (or ‘capital surges’) is now recognized as a major problem for macroeconomic management in developing countries; but the consequences for the ‘real’ economy that is, the behaviour of government, firms and households which subsequently translates into investment, growth, employment and welfare is less well understood. Short-term capital flow instability...

Issued by local government financing vehicles and backed mostly by land sales, Chengtou bonds are an important source of financing for Chinese local governments. We identify large heterogeneity in Chengtou bond yields, which is not supposed to exist since they are implicitly guaranteed by the central government. We find that corruption in China has a significant effect on local government credi...

This paper examines the effect of household access to microcredit upon work by seven to eleven year old children in rural Malawi. Given that microcredit organizations foster household enterprises wherein much child labor is engaged, this paper aims to discover whether access to microcredit might increase work by children. It is found that, in the peak harvest season, household access to microcr...