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Drivers and Obstacles to Banking SMEs : The Role of Competition and the Institutional Framework

de la Torre, Augusto - 2009

Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...

Persistent link: https://www.econbiz.de/10013159698

Remittances, Banking Status and the Usage of Insurance Schemes

Crayen, Dorothee - 2013

Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique data set on the usage patterns of financial services...

Persistent link: https://www.econbiz.de/10013094542

Competition and Stability in Banking

Vives, Xavier - 2013

I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...

Persistent link: https://www.econbiz.de/10013094726

Margins of International Banking : Is There a Productivity Pecking Order in Banking, Too?

Buch, Claudia M. - 2013

Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...

Persistent link: https://www.econbiz.de/10013095225

Electoral Cycles in Savings Bank Lending

Englmaier, Florian - 2013

We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...

Persistent link: https://www.econbiz.de/10013075619

Tax Competition in a Simple Model with Heterogeneous Firms : How Larger Markets Reduce Profit Taxes

Haufler, Andreas - 2009

simultaneously risen in most countries. Moreover, the gross profitability of firms seems to be lower in high-tax countries, even …

Persistent link: https://www.econbiz.de/10013153228

Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits

Koethenbuerger, Marko - 2018

Recent empirical research documents a tendency of affiliates of multinational enterprises to bunch around zero reported profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit shifting to a low-tax country as well as a loss-related,...

Persistent link: https://www.econbiz.de/10012921411

The Information Content of Dividends : Safer Profits, Not Higher Profits

Michaely, Roni - 2018

Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the Campbell (1991) decomposition, we are able to estimate...

Persistent link: https://www.econbiz.de/10012930075

Mergers and Partial Ownership

Foros, Øystein - 2010

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …

Persistent link: https://www.econbiz.de/10013148773

There's No Place Like Home : The Profitability Gap between Headquarters and their Foreign Subsidiaries

Dischinger, Matthias; Riedel, Nadine - 2021

quantitatively large. Our findings suggest that the profitability gap is partly driven by agency costs which arise if value … communication and travel costs over the last decade, the profitability gap is shown to decline over time. Apart from that, our … profitability gap. We discuss various implications of our findings …

Persistent link: https://www.econbiz.de/10013316283

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