This study uses panel data from 1,142 Kenya smallholder households over four survey periods to examine the determinants of participation in land rental markets and to quantify the impact of renting land on households’ crop income and total income. We find that land rental markets in Kenya enhance productivity and are equitable. The results are consistent across different estimation methods and ...

We use portfolios of passive investment strategies to replicate the interest risk of banks’ banking books. The following empirical statements are derived: (i) Changes in banks’ present value and in their net interest income are highly correlated, irrespective of the banks’ portfolio composition. (ii) However, banks’ portfolio composition has a huge impact on the ratio of changes in net interest...

'Genuine' saving values the total change in economic assets and, as such, provides an indicator of whether an economy is on a sustainable path. New estimates of genuine saving from the World Bank broaden the usual national accounts definitions of assets to include human capital, minerals, energy, forest resources and the stock of atmospheric CO2. The paper explores the issue of measuring change...

Pada umumnya korporasi dibentuk supaya mendapatkan profit sebesar-besarnya. Namun, dalam praktiknya situasi perekonomian suatu perusahaan tidak selalu keuntungan seperti yang diharapkan. Adanya risiko kebangkrutan dipunyai oleh tiap industri bisa dijadikan selaku referensi buat lalu pembaruan, membenarkan kemampuan, serta mencermati finansial perusahaaan takluk dari lain bebas kesusahan (financ...

BACKGROUND The dimensions along which mortality is patterned in India remains unclear. We examined the specific contribution of social castes, household income, assets, and monthly per capita consumption to mortality differentials in India. METHODS AND FINDINGS Cross-sectional data on 217,363 individuals from 41,554 households from the 2004-2005 India Human Development Survey was analyzed usi...

the basic model for valuation of firm is the dividend discount model (ddm). when investors buy stocks, they expect to receive two types of cash flow: dividend in the period during which the stock is owned, and the expected sales price at the end of the period. in the extreme example, the investor keeps the stock until the company is liquidated; in such a case, the liquidating dividend becomes t...

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first-order stochastic dominance and no arbitrage opportunity among these assets. However, our stochastic dominance results reveal that in order to maximize their expe...