empirical literature has not yet been able to settle the question. This paper studies the impact of uncertainty on firm … roughly 75% of the total turnover of the west German manufacturing sector. The sample used for estimation contains 6,745 firms … uncertainty specific to both firm and time. Using panel econometric methods, we estimate the effect of sales uncertainty and cost …

firm-level data from 1996 to 2002, we test this prediction using non-parametric methods, by examining the distribution …

capital whereas it leaves the share in capital unaffected. Investors seem to treat foreign subsidiaries as real options on …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …: the amount of capital required, the design of capital requirements (complexity versus simplicity), proportionate …

Social capital theory predicts individuals establish social ties based on homophily, i.e., affinities for similar …