INTRODUCTION Previous studies have shown that Swiss health-care financing is particularly regressive. However, as it has been emphasized in the 2011 OECD Review of the Swiss Health System, the inter cantonal variations of income-related inequities are still broadly unexplored. The present paper aims to fill this gap by analyzing the differences in the level of equity of health-care system finan...

Little is known about health system equity in Tanzania, whether in terms of distribution of the health care financing burden or distribution of health care benefits. This study undertook a combined analysis of both financing and benefit incidence to explore the distribution of health care benefits and financing burden across socio-economic groups. A system-wide analysis of benefits was undertak...

This paper recognizes two main factors that cause the capital requirement to affect the weighted average cost of capital and hence the investment behavior ofbanks: underpriced debt resulting from the deposit insurance and information asymmetry between managers and the stock market. For a bank enjoying a low cost of debt (deposits), an increased proportion of equity financing raises the weighted...

This paper employs the method of Aronson et al. (1994) to decompose the redistributive effect of the Dutch health care financing system into three components: a progressivity component, a classical horizontal equity component and a reranking component. Results are presented for the health care financing system as a whole, as well as for its constituent parts. A final section sets out to uncover...

The comparative performance of different systems of corporate governance, in turn, has been at the core of recent debates on how to reform financial market institutions. So far, the literature has treated the discussion of internal and external financial structures largely in isolation. However, few attempts have been made so far to combine these two strands of the literature and to analyze the...

Blockchain technology and cryptocurrencies could remake global health financing and usher in an era global health equity and universal health coverage. We outline and provide examples for at least four important ways in which this potential disruption of traditional global health funding mechanisms could occur: universal access to financing through direct transactions without third parties; nov...

Introduction Most small firms will never be able to raise all the funding they would like from banks and other institutions. In this crude sense there will always be a deficiency in the funding of the sector equal to the difference between the total demand for funding and that part of this demand which qualifies for funding support. This paper focuses more narrowly on the debt versus equity pre...

Consistent with the existing literature in U.S. domestic M&As, the methods of payment also seem to convey information about acquiring firm valuation in cross-border acquisitions. Cash-financing is associated with positive wealth gain upon foreign M&A announcements while equity-financing results in insignificant shareholder wealth increase. The fact that equity-financing does not lead to value l...

This paper seeks to propose a new conceptual model to establish an Islamic Finance Unit (IFU) at a public university in Malaysia in order to extend benevolent interest-free financing as an act of charity. The problem with conventional student financing is the extent of non-performance due to the interest component. This paper identifies the need, justification and implementation of establishing...

The paper derives two analytical consequences of informed finance: Equity leads to under-financing, while debt leads to over-financing. We show that our model can explain key qualitative and quantitative features of informed venture capital finance in the United States. Using only three model parameters we match: (1) the venture capitalist’s equity share; (2) the venture capitalist’s expected r...