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Quality of Institutions, Credit Markets and Bankruptcy

Hainz, Christa - CESifo - 2004

The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank’s decision to liquidate bad firms has two opposing effects. First, the bank receives a payoff if a firm is liquidated. Second, it loses the...

Persistent link: https://www.econbiz.de/10005765650

Creditor Passivity: The Effects of Bank Competition and Institutions on the Strategic Use of Bankruptcy Filings

Hainz, Christa - CESifo - 2007

Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm’s type to its competitors. Thereby,...

Persistent link: https://www.econbiz.de/10005181562

When Arm's Length Is Too Far. Relationship Banking over the Business Cycle

Beck, Thorsten; Degryse, Hans; Haas, Ralph de; Horen, … - CESifo - 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/10010795340

How Do Banks Interact with Fintech Startups?

Hornuf, Lars - 2020

The increasing pervasiveness of technology-driven firms that offer banking services has led to a growing pressure on traditional banks to modernize their core business activities. Many banks tackle the challenges of digitalization by cooperating with startup firms that offer technology-driven...

Persistent link: https://www.econbiz.de/10012851315

Entrepreneurial Innovations and Taxation

Haufler, Andreas - 2014

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government …

Persistent link: https://www.econbiz.de/10013067942

The Gender Gap in Entrepreneurship : Not Just a Matter of Personality

Caliendo, Marco - 2014

Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …

Persistent link: https://www.econbiz.de/10013052066

Immigration and Entrepreneurship

Fairlie, Robert W. - 2015

attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … fundamental immigrant entrepreneurship issues as well as the empirical methods and data used. The main themes we address are … immigrant entrepreneurs' contributions to the economy, entrepreneurship differences across groups and group differences in …

Persistent link: https://www.econbiz.de/10013023916

Corporate Tax Policy, Entrepreneurship and Incorporation in the EU

De Mooij, Ruud A.; Nicodème, Gaëtan - 2021

panel of European data on firm births and legal form of business to analyze income shifting via increased entrepreneurship … and incorporation. The results suggest that lower corporate taxes exert an ambiguous effect on entrepreneurship. The …

Persistent link: https://www.econbiz.de/10013317264

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10010877893

Corporate Tax Policy, Entrepreneurship and Incorporation in the EU

Mooij, Ruud A. De; Nicodème, Gaëtan J.A. - CESifo - 2006

Persistent link: https://www.econbiz.de/10005094315

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