What is it about?
There is a large volume of financial literature related to factors that could have an influence on economic growth. Some of these factors can be under the influence of corruption. The main result of this study is the evidence that there is a direct relationship between corruption perception index and economic growth. In other words, ceteris paribus, a more corrupt country has a lower GDP / capita.
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Why is it important?
Everyone seems to know it, but we proved it using data.
Perspectives
Everyone seems to know it, but we proved it using data.
Victor Dragota
Academia de Studii Economice din Bucuresti
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This page is a summary of: SOME CONSIDERATIONS ON THE RELATIONSHIP BETWEEN CORRUPTION AND ECONOMIC GROWTH, February 2008, World Scientific Pub Co Pte Lt,
DOI: 10.1142/9789812770745_0004.
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Risk Management and Value. Valuation and Asset Pricing
Edited By: Mondher Bellalah (Université de Cergy-Pontoise, France), Jean-Luc Prigent (Université de Cergy-Pontoise, France), Jean-Michel Sahut (ESC Amiens, France), Georges Pariente (Institut Supérieur de Commerce Paris, France), Olivier Levyne (Institut Supérieur de Commerce Paris, France), Michel Azaria (Institut Supérieur de Commerce Paris, France) and Annie Delienne (Université de Cergy-Pontoise, France). This book provides a comprehensive discussion of the issues related to risk, volatility, value and risk management. It includes a selection of the best papers presented at the Fourth International Finance Conference 2007, qualified by Professor James Heckman, the 2000 Nobel Prize Laureate in Economics, as a “high level” one. The first half of the book examines ways to manage risk and compute value-at-risk for exchange risk associated to debt portfolios and portfolios of equity. It also covers the Basel II framework implementation and securitisation. The effects of volatility and risk on the valuation of financial assets are further studied in detail. The second half of the book is dedicated to the banking industry, banking competition on the credit market, banking risk and distress, market valuation, managerial risk taking, and value in the ICT activity. With its inclusion of new concepts and recent literature, academics and risk managers will want to read this book.
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