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Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2015 - This draft: December 10, 2015
, resulted in lower investment, employment, and bank debt for younger and smaller firms. Importantly, these effects dominate … those of banks' balance-sheet variables. We also show that higher CDS spreads led to lower aggregate investment, employment …
Persistent link: https://www.econbiz.de/10011406568
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Venture capital investment and labor market performance : a panel data analysis
Belke, Ansgar; Fehn, Rainer; Foster-McGregor, Neil - 2002
Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and generosity of welfare states. This paper takes a...
Persistent link: https://www.econbiz.de/10011408964