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Engelstätter, Benjamin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

also show a positive impact on process innovation intensity. These results do not only emerge for the short-run of two …

Persistent link: https://www.econbiz.de/10008474662

The Determinants of Capital Structure: Some Evidence from Banks

Heider, Florian; Gropp, Reint - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have...

Persistent link: https://www.econbiz.de/10005097682

How Do Banks Determine Capital? Empirical Evidence for Germany

Weber, Martin; Kleff, Volker - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

This paper examines how capital is determined by German banks. We analyse whether the determinants found in the previous empirical literature hold for the special German banking sector with its three characteristic banking groups of savings banks, cooperative banks and other banks. On the basis...

Persistent link: https://www.econbiz.de/10005098092

Corporate main bank decision

Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is attractive for high risk firms since it improves their access to finance and provides liquidity insurance. Low risk firms instead may not want to bear the additional costs. I employ...

Persistent link: https://www.econbiz.de/10010985659

Haftungsregeln und Innovation

Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

Persistent link: https://www.econbiz.de/10005097836

Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation. …

Persistent link: https://www.econbiz.de/10009003577

Short-term borrowing for long-term projects: Are family businesses more susceptible to 'irrational' financing choices?

Peters, Bettina; Westerheide, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

There are noticeable differences between the roles that various forms of credit financing play in family businesses and in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations, and they particularly often resort to the short-term...

Persistent link: https://www.econbiz.de/10008869220

Loan availability and investment: Can innovative companies better cope with loan denials?

Mueller, Elisabeth; Reize, Frank - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...

Persistent link: https://www.econbiz.de/10008494188

I Like The Way You Move: An Empirical Investigation into the Mechanisms Behind First Mover and Follower Strategies

Sofka, Wolfgang; Schmidt, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

There appears to be an ambivalent dimension in innovation strategies: timing. When is an innovation ready for the … market or when is the market ready for the innovation? This paper empirically investigates the determinants of a firm …?s decision to become a first mover or a follower in innovation strategies. Much of theoretical and empirical work has focused on …

Persistent link: https://www.econbiz.de/10005098260

How selective are real wage cuts? A micro-analysis using linked employer-employee data

Hirsch, Boris; Zwick, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

cuts increase wage dispersion among peers rather than narrowing it. Notably, the same selectivity pattern shows up when …

Persistent link: https://www.econbiz.de/10010957723

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