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When Arm's Length is Too Far. Relationship Banking Over the Business Cycle

Beck, Thorsten - 2014

Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...

Persistent link: https://www.econbiz.de/10013050469

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

de la Torre, Augusto - 2009

lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to … factors they perceive as drivers and obstacles to financing SMEs. We also study to what degree competition and the … financing, especially long-term lending …

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

Investment and Financing Strategy of a Multinational Enterprise Under Alternative Tax Designs

Gerard, Marcel - 2012

multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …

Persistent link: https://www.econbiz.de/10013104836

On the Legitimacy of Coercion for the Financing of Public Goods

Bierbrauer, Felix J. - 2009

The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...

Persistent link: https://www.econbiz.de/10013158910

Firms' Financial Choices and Thin Capitalization Rules under Corporate Tax Competition

Haufler, Andreas - 2008

Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...

Persistent link: https://www.econbiz.de/10012769702

Financing Long-Term Care : Ex-Ante, Ex-Post or Both?

Costa-Font, Joan - 2014

This paper examines the heterogeneity in the public financing of long-term care (LTC), and the wide-ranging instruments … financing as ex-ante (occurring prior to when the need arises, such as insurance) and ex-post (occurring after the need arises …, such as public sector and family financing). Then we examine country-specific data to ascertain whether the two types of …

Persistent link: https://www.econbiz.de/10013040003

Export Market Exit, Financial Pressure and the Crisis

Görg, Holger - 2013

Using firm-level data for the UK, we investigate the link between firms' financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit...

Persistent link: https://www.econbiz.de/10013076975

Acting Autonomously or Mimicking the State and Peers? A Panel Tobit Analysis of Financial Dependence and Aid Allocation by Swiss NGOs

Dreher, Axel - 2013

countries. Second, by classifying each NGO according to its financing structure, we address the unresolved question of whether …

Persistent link: https://www.econbiz.de/10012753135

Financial Constraints and Moral Hazard : The Case of Franchising

Fan, Ying; Kuhn, Kai-Uwe; Lafontaine, Francine - 2021

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...

Persistent link: https://www.econbiz.de/10013315688

Existence and Warr Neutrality for Matching Equilibria in a Public Good Economy : An Aggregative Game Approach

Buchholz, Wolfgang - 2010

Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....

Persistent link: https://www.econbiz.de/10013149366