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The welfare loss from differential taxation of sectors in Germany

Radulescu, Doina (contributor); … - 2008

In the spirit of Harberger, we apply a dynamic computable general equilibrium (CGE) model and estimate the excess burden stemming from the tax-induced distortion in the allocation of capital across the corporate and the non-corporate sectors in Germany. In doing so, we perform a counterfactual...

Persistent link: https://www.econbiz.de/10003771793

What if firms could borrow more? : evidence from a natural experiment

Brown, James R.; Martinsson, Gustav; Thomann, Christian - 2015

We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...

Persistent link: https://www.econbiz.de/10011300345

Microeconometric evidence of financing frictions and innovative activity

Tiwari, Amaresh K.; Mohnen, Pierre A.; Palm, Franz C.; … - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...

Persistent link: https://www.econbiz.de/10010249680

Finance, control, and profitability : the influence of German banks

Chirinko, Robert S.; Elston, Julie Ann Michelle - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...

Persistent link: https://www.econbiz.de/10011511071

Taxation and the optimal constraint on corporate debt finance

Sørensen, Peter Birch - 2014

The tax bias in favour of debt finance under the corporate income tax means that corporate debt ratios exceed the socially optimal level. This creates a rationale for thin-capitalization rules limiting the amount of debt that qualifies for interest deductibility. This paper sets up a model of...

Persistent link: https://www.econbiz.de/10010438191

Finanzierung und Organisation des Sozialstaates

Möller, Ralf - 2022 - 2., aktualisierte und erweiterte Auflage

Organisationsstrukturen und aktuelle Rechtsfragen erörtert. Ein weiterer Schwerpunkt ist die Finanzierung sozialstaatlicher Leistungen. Im … Aspekte der Rechtsprechung in den Themenfeldern Organisation und Finanzierung erweitert. Studierende, Praktiker und … Hochschule der Deutschen Gesetzlichen Unfallversicherung (HGU). Er lehrt und forscht im Themenfeld der Finanzierung sozialer …

Persistent link: https://www.econbiz.de/10013256208

Venture Capital Redefined : The Economic, Political, and Social Impact of COVID on the VC Ecosystem

Klonowski, Darek - 2022 - 1st ed. 2022.

Part I -- VENTURE CAPITAL AND ITS EXTERNAL ENVIRONMENT IN THE AGE OF COVID_ 1 -- Venture capital prior to the age of COVID_ 2 -- Political reactions and socio-economic consequences of COVID: Implications for venture capital_ PART II -- THE VENTURE CAPITAL INDUSTRY REDEFINED_ 3 -- Transformations...

Persistent link: https://www.econbiz.de/10012814620

Investition und Finanzierung : Grundlagen der betrieblichen Finanzwirtschaft

Becker, Hans Paul; Peppmeier, Arno - 2022 - 9., vollständig aktualisierte und erweiterte Auflage

Finanzwirtschaft des Unternehmens -- Investition -- Finanzierung -- Derivate -- Aufgaben und Lösungen. … verständlich die Grundlagen und Methoden der Investitionsrechnung, Finanzierung und Finanzderivate. Systematisch werden klassische …

Persistent link: https://www.econbiz.de/10012814764

Financial constraints and moral hazard : the case of franchising

Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013

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/10010210716

Valuation of Renewable Energy Investments : Practices among German and Swiss Investment Professionals

Hürlimann, Christian - 2019 - 1st ed. 2019

valuation methods within the finance literature -- valuation methods and their application in the context of managerial finance within renewable energy investments -- tools to define the relevant equity value drivers, to consider risk treatments, and to value renewable energy investments along...

Persistent link: https://www.econbiz.de/10012398806