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Works councils and environmental investment : theory and evidence from German panel data

Askildsen, Jan Erik; Jirjahn, Uwe; Smith, Stephan C. - 2002

Firms may underinvest in local environmental protection even from the private viewpoint of its owners and employees, but works councils may help mitigate this problem. We show that increases in environmental investments when councils are present could be employee-led, firm-led, or jointly-led....

Persistent link: https://www.econbiz.de/10011541029

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Information technology in banking and entrepreneurship

Ahnert, Toni; Dörr, Sebastian; Pierri, Nicola; Timmer, … - 2024

We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, we establish that job creation by young ﬁrms is stronger in US counties more exposed to banks with greater IT adoption. We present evidence consistent with banks’ IT...

Persistent link: https://www.econbiz.de/10015048384

Determinants of voluntary bank disclosure : evidence from Japanese shinkin banks

Spiegel, Mark; Yamori, Nobuyoshi - 2004

Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of disclosure by Japanese Shinkin banks in 1996 and...

Persistent link: https://www.econbiz.de/10011402650

Bank control and the number of bank relations of Japanese firms

Ogawa, Kazuo (contributor); Sterken, Elmer (contributor); … - 2005

on loan and equity ownership to address the impact of the Japan-specific bank-firm relations and bank control on the …We explore the determinants of the number of long-term bank relations of listed Japanese firms using a unique data set … covering the period 1982-1999. Japanese listed firms have about seven long-term bank loan relations on average, but show a …