Narrow search
Showing 1 - 10 of 618
Cover Image
Tracing the International Transmission of a Crisis Through Multinational Firms
Biermann, Marcus; Huber, Kilian - National Bureau of Economic Research - 2023
credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through …
Persistent link: https://www.econbiz.de/10014247983
Cover Image
Does Employing Skilled Immigrants Enhance Competitive Performance? Evidence from European Football Clubs
Glennon, Britta; Morales, Francisco; Carnahan, Seth; … - National Bureau of Economic Research - 2021
We investigate the effect of hiring skilled immigrant employees on the performance of organizations. This relationship has been difficult to establish in prior work due to theoretical ambiguity, limited data, and inherent endogeneity. We overcome these difficulties by studying European football...
Persistent link: https://www.econbiz.de/10012696355
Cover Image
The Welfare Effects of Vertical Integration in Multichannel Television Markets
Crawford, Gregory S. - 2015
We investigate the welfare effects of vertical integration of regional sports networks (RSNs) with programming distributors in U.S. multichannel television markets. Vertical integration can enhance efficiency by reducing double marginalization and increasing carriage of channels, but can also...
Persistent link: https://www.econbiz.de/10012456839
Cover Image
Sources of Funds and Investment Activities of Venture Capital Funds : Evidence from Germany, Israel, Japan and the UK
Mayer, Colin - 2003
We compare sources of funds and investment activities of venture capital (VC) funds in Germany, Israel, Japan and the … particularly important in Germany, corporations in Israel, insurance companies in Japan, and pension funds in the UK. VC investment … countries; for example, bank backed VC funds in Germany and Japan are as involved in early stage finance as other funds in these …
Persistent link: https://www.econbiz.de/10012469053
Cover Image
Financial Factors and Investment in Belgium, France, Germany and the UK : A Comparison Using Company Panel Data
Bond, Stephen - 1997
We construct company panel datasets for manufacturing firms in Belgium, France, Germany and the UK, covering the period …
Persistent link: https://www.econbiz.de/10012472928
Cover Image
Corporate Taxes and Internal Borrowing within Multinational Firms
Egger, Peter - 2012
This paper develops a theoretical model of multinational firms with an internal capital market. Main reasons for the emergence of such a market are tax avoidance through debt shifting and the existence of institutional weaknesses and financial frictions across host countries. The model serves to...
Persistent link: https://www.econbiz.de/10012460245
Cover Image
Taxation, Corporate Financial Policy and the Cost of Capital
Auerbach, Alan J. - 1982
The cost of capital plays an important role in the allocation of resources among competing uses in a decentralized market system. The purpose of this paper is to organize and present what is known and what is hypothesized about the effects of taxation on the incentive to invest, via the cost of...
Persistent link: https://www.econbiz.de/10012478079
Cover Image
The Persistence of Miscalibration
Boutros, Michael - 2020
Using 14,800 forecasts of one-year S&P 500 returns made by Chief Financial Officers over a 12-year period, we track the individual executives who provide multiple forecasts to study how their beliefs evolve dynamically. While CFOs' return forecasts are systematically unbiased, their confidence...
Persistent link: https://www.econbiz.de/10012482230
Cover Image
Predictability of Returns and Cash Flows
Koijen, Ralph S.J. - 2010
We review the literature on return and cash flow growth predictability form the perspective of the present-value identity. We focus predominantly on recent work. Our emphasis is on U.S. aggregate stock return predictability, but we also discuss evidence from other asset classes and countries
Persistent link: https://www.econbiz.de/10012462008
Cover Image
Overconfidence and Early-life Experiences : The Impact of Managerial Traits on Corporate Financial Policies
Malmendier, Ulrike - 2010
We show that measurable managerial characteristics have significant explanatory power for corporate financing decisions beyond traditional capital-structure determinants. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity. Such...
Persistent link: https://www.econbiz.de/10012462992