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Investment in Relationship-Specific Assets : Does Finance Matter?
Strieborny, Martin - 2013
-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …
Persistent link: https://www.econbiz.de/10013093852
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How Do Banks Interact with Fintech Startups?
Hornuf, Lars - 2020
contract theory, we find that banks more frequently invest in small fintechs but often build product-related collaborations …
Persistent link: https://www.econbiz.de/10012851315
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How Should Financial Intermediation Services Be Taxed?
Lockwood, Ben - 2010
This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...
Persistent link: https://www.econbiz.de/10013136605
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Portfolio Sales and Signaling
Bougheas, Spiros - 2017
A common practice of banks has been to pool assets of different qualities and then sell a fraction of the newly created portfolios to investors. We extend the signaling model for single sales of risky assets to portfolio sales. We identify conditions under which signaling at the portfolio level...
Persistent link: https://www.econbiz.de/10012960474
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Investment Shocks, Tax Evasion and the Consumption Puzzle : A DSGE Analysis with Financial Frictions
Chiarini, Bruno - 2016
explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …
Persistent link: https://www.econbiz.de/10012984510
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Entrepreneurship, Organization Capital and the Evolution of the Firm
Oshima, Atsushi; Ravikumar, B.; Riezman, Raymond G. - 2021
We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call...
Persistent link: https://www.econbiz.de/10013316567
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Home Bank Intermediation of Foreign Direct Investment
Poelhekke, Steven - 2011
This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non … countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes … significant costs of investment. Using a new detailed data set of non-stationary sector-level outward FDI, this paper finds that …
Persistent link: https://www.econbiz.de/10013123798
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Supply Chain Finance and SMEs : Evidence from International Factoring Data
Auboin, Marc - 2016
The unbundling of trade across regions offers unique opportunities for SMEs to integrate into global trade notably through their involvement into supply-chains. With supply-chains shifting and expanding into new regions of the world, the challenge for SMEs to accessing financing remains an...
Persistent link: https://www.econbiz.de/10012982262
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Basel Accord and Financial Intermediation : The Impact of Policy
Berka, Martin - 2013
from households. Loan activity typically decreases when entrepreneurs' investment returns decline, and we study which type …
Persistent link: https://www.econbiz.de/10013091686
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Demography and Innovative Entrepreneurship
Bönte, Werner - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10012775851