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Cumming, Douglas J.; Hornuf, Lars - 2020

Peer-to-business lending refers to online platforms facilitating loans from individuals to smalland medium-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in influencing the borrowing success of SMEs and that more...

Persistent link: https://www.econbiz.de/10012166027

All you need is cash : corporate cash holdings and investment after the global financial crisis

Joseph, Andreas; Kneer, Christiane; Horen, Neeltje van - 2021

Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis but also during the recovery period. Cash-rich SMEs could maintain their capital stock during the global financial crisis, while cash-poor rivals reduced theirs. This gave...

Persistent link: https://www.econbiz.de/10012509557

Rescue policies for small businesses in the Covid-19 recession

Di Nola, Alessandro; Kaas, Leo; Wang, Haomin - 2022

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

Persistent link: https://www.econbiz.de/10013166369

European SMEs and resource efficiency measures : firm characteristics and contextual factors

Caporale, Guglielmo Maria; Donati, Cristiana; Spagnolo, … - 2023

This paper investigates how access to finance and skilled workforce endowments affect the propensity of European small and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly simultaneously. For this purpose, a Multinomial Logit model is...

Persistent link: https://www.econbiz.de/10014435290

Small and medium sized European firms and energy efficiency measures : a probit analysis

Caporale, Guglielmo Maria; Donati, Cristiana; Spagnolo, … - 2022

This paper investigates the factors (such as different sources of financing, energy audits and internal monitoring activities) affecting the propensity of European small and medium sized enterprises (SMEs) to adopt energy efficiency measures (EEMs). For this purpose, a Probit model is estimated...

Persistent link: https://www.econbiz.de/10013440418

Public education in an integrated Europe : studying to migrate and teaching to stay?

Poutvaara, Panu (contributor) - 2004

doctors, and too many lawyers. If the total tax rate is kept constant, then replacing part of existing wage taxes with …

Persistent link: https://www.econbiz.de/10002523097

Optimal rent extraction in pre-industrial England and France : default risk and monitoring costs

Priks, Mikael (contributor) - 2005

Beginning in the mid-seventeenth century, England changed its system of raising revenues from tax farming, combined … from tax farmers and monopolists to the central government such that English public finances improved dramatically compared … cost of tax farming is the ex-ante inefficiency due to the auction mechanism while a cost of direct collection is the ex …

Persistent link: https://www.econbiz.de/10002855576

Taxing expats : instrumental versus expressive voting compared

Blankart, Charles B.; Margraf, Simon - 2011

It is common knowledge that mobile individuals are difficult to tax. Governments accommodate these difficulties by … granting special tax reductions to mobile individuals as it is expedient to get some tax revenue from these individuals rather … than to lose them as tax payers completely. Taxing according to expediency is, however, criticized by ordinary tax payers …

Persistent link: https://www.econbiz.de/10009375253

Boring banks and taxes

Aigner, Rafael Christian; Bierbrauer, Felix - 2015 - This version: April 2015

financial intermediation. We formalize a trade-off between tax policies that burden the owners of banks and tax policies that …

Persistent link: https://www.econbiz.de/10010509630

Welfare implications of public education spending rules

Angelopulos, Kōnstantinos; Malley, James R.; … - 2008

In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public education expenditures, financed by distorting taxes, enhance the...

Persistent link: https://www.econbiz.de/10003806000