Narrow search
Showing 1 - 10 of 611
Cover Image
25 Years of European Merger Control
Affeldt, Pauline - 2020
We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel … dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the … definition and the complexity of the merger. Simple, linear probability models as usually applied in the literature overestimate …
Persistent link: https://www.econbiz.de/10012836941
Cover Image
Assessing EU Merger Control Through Compensating Efficiencies
Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus Peter; … - 2021
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax …
Persistent link: https://www.econbiz.de/10013314675
Cover Image
Corporate Acquisitions and Firm-Level Uncertainty : Domestic versus Cross-Border Deals
Bai, Ye - 2020
This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...
Persistent link: https://www.econbiz.de/10012841927
Cover Image
CCS - Failing to Pass Decision Gates
Emhjellen, Magne; Osmundsen, Petter - 2014
There is a planning gap for CCS projects in Europe. CCS demonstration plants are not implemented as expected. This fact is at odds with optimistic valuation reports that apply socio-economic valuation criteria for climate projects. However, CCS plants are in most cases to be implemented by...
Persistent link: https://www.econbiz.de/10010398523
Cover Image
Do Dividend Taxes Affect Corporate Investment
Alstadsæter, Annette; Jacob, Martin - 2014
We test whether dividend taxes affect corporate investments. We exploit Sweden's 2006 dividend tax cut of 10 percentage points for closely held corporations and five percentage points for widely held corporations. Using rich administrative panel data and triple-difference estimators, we find...
Persistent link: https://www.econbiz.de/10010398651
Cover Image
Business groups in emerging markets: financial control and sequential investment
Hainz, Christa - 2006
Business groups in emerging markets perform better than unaffiliated firms. One explanation is that business groups substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model where firms within the business group are connected...
Persistent link: https://www.econbiz.de/10010263949
Cover Image
Manpower Constraints and Corporate Policies
D'Acunto, Francesco; Weber, Michael; Yang, Shuyao - 2020
Manpower constraints are the pervasive lack of specialized high- and low-skill workers, irrespective of the wage firms might offer. For a panel of German firms, we show manpower-constrained firms have higher capacity utilization and longer backlog of orders (measured in months). They are more...
Persistent link: https://www.econbiz.de/10012425604
Cover Image
Money Creation in Decentralized Finance: A Dynamic Model of Stablecoin and Crypto Shadow Banking
Li, Ye; Mayer, Simon - 2021
Stablecoins rise to meet the demand for safe assets in decentralized finance. Stablecoin issuers transform risky reserve assets into tokens of stable values, deploying a variety of tactics. To address the questions on the viability of stablecoins, regulations, and the initiatives led by large...
Persistent link: https://www.econbiz.de/10012657966
Cover Image
Money Creation in Decentralized Finance : A Dynamic Model of Stablecoin and Crypto Shadow Banking
Li, Ye; Mayer, Simon - 2021
Stablecoins rise to meet the demand for safe assets in decentralized finance. Stablecoin issuers transform risky reserve assets into tokens of stable values, deploying a variety of tactics. To address the questions on the viability of stablecoins, regulations, and the initiatives led by large...
Persistent link: https://www.econbiz.de/10013214344
Cover Image
Manpower Constraints and Corporate Policies
D'Acunto, Francesco; Weber, Michael; Yang, Shuyao - 2021
Manpower constraints are the pervasive lack of specialized high- and low-skill workers, irrespective of the wage firms might offer. For a panel of German firms, we show manpower-constrained firms have higher capacity utilization and longer backlog of orders (measured in months). They are more...
Persistent link: https://www.econbiz.de/10013314951