The Experts below are selected from a list of 6 Experts worldwide ranked by ideXlab platform

David Pistrui - One of the best experts on this subject based on the ideXlab platform.

  • east meets west innovative forms of Foreign Trade Finance between italian family enterprises and emerging smes in romania
    Family Business Review, 1997
    Co-Authors: Paul Mckibbin, David Pistrui
    Abstract:

    The collapse of the USSR has created an opportunity for the rebirth of entrepreneurship and family business. Unfortunately, the transition economies of the former Soviet Bloc often lack the financial resources required to upgrade operations. This paper examines how an innovative form of Finance, with historical roots in East-West European Trade, helps drive the expansion of transition enterprises in the emerging markets of Eastern Europe, and at the same time provides export-led growth particularly for family-based small and medium-sized enterprises (SMEs) in the more developed nations of Western Europe. The technique, called forfeiting, allows businesses to control some of the risks that are inherent in dealing with emerging markets. We present a formatting model that demonstrates the way in which these singular transactions divide localized (transaction-oriented) risks from those risks that are associated with political instability, macroeconomic changes, environmental volatility, and force majeure. We follow this with presentations of actual examples of how forfaiting is being used between Italian family businesses and newly emerging private enterprises in Romania.

Paul Mckibbin - One of the best experts on this subject based on the ideXlab platform.

  • east meets west innovative forms of Foreign Trade Finance between italian family enterprises and emerging smes in romania
    Family Business Review, 1997
    Co-Authors: Paul Mckibbin, David Pistrui
    Abstract:

    The collapse of the USSR has created an opportunity for the rebirth of entrepreneurship and family business. Unfortunately, the transition economies of the former Soviet Bloc often lack the financial resources required to upgrade operations. This paper examines how an innovative form of Finance, with historical roots in East-West European Trade, helps drive the expansion of transition enterprises in the emerging markets of Eastern Europe, and at the same time provides export-led growth particularly for family-based small and medium-sized enterprises (SMEs) in the more developed nations of Western Europe. The technique, called forfeiting, allows businesses to control some of the risks that are inherent in dealing with emerging markets. We present a formatting model that demonstrates the way in which these singular transactions divide localized (transaction-oriented) risks from those risks that are associated with political instability, macroeconomic changes, environmental volatility, and force majeure. We follow this with presentations of actual examples of how forfaiting is being used between Italian family businesses and newly emerging private enterprises in Romania.

Daniel Makina - One of the best experts on this subject based on the ideXlab platform.

  • Bank Lending and Business Cycles: South African Evidence
    African Development Review, 2009
    Co-Authors: Oludele Akinloye Akinboade, Daniel Makina
    Abstract:

    The paper provides empirical analysis on the linkage between the behavior of bank lending and business cycles in South Africa. Consistent with theory, overall evidence suggesting pro-cyclicality of bank lending is uncovered both at macro and micro levels. At macro level, bank lending and lending rates have moved in tandem with business cycles. Real borrowing by government was counter-cyclical to business cycles as would be expected if the role of government was to fine-tune the economy during booms and recessions. At micro level, bank lending to households and firms was generally pro-cyclical. Even the growth of provisioning by banks has been largely pro-cyclical to business cycles, though exceptions were recorded. First, new mortgage lending exhibited counter-cyclical behavior before 1993. We attributed this behavior to the political and economic climate prevailing then which created uncertainties that made ownership of property a good hedge against economic and political risks. Secondly, the growth of real credit for investment and of Foreign Trade Finance does not appear to have been related to business cycles.

Oludele Akinloye Akinboade - One of the best experts on this subject based on the ideXlab platform.

  • Bank Lending and Business Cycles: South African Evidence
    African Development Review, 2009
    Co-Authors: Oludele Akinloye Akinboade, Daniel Makina
    Abstract:

    The paper provides empirical analysis on the linkage between the behavior of bank lending and business cycles in South Africa. Consistent with theory, overall evidence suggesting pro-cyclicality of bank lending is uncovered both at macro and micro levels. At macro level, bank lending and lending rates have moved in tandem with business cycles. Real borrowing by government was counter-cyclical to business cycles as would be expected if the role of government was to fine-tune the economy during booms and recessions. At micro level, bank lending to households and firms was generally pro-cyclical. Even the growth of provisioning by banks has been largely pro-cyclical to business cycles, though exceptions were recorded. First, new mortgage lending exhibited counter-cyclical behavior before 1993. We attributed this behavior to the political and economic climate prevailing then which created uncertainties that made ownership of property a good hedge against economic and political risks. Secondly, the growth of real credit for investment and of Foreign Trade Finance does not appear to have been related to business cycles.