Showing 1 - 10 of 68
Persistent link: https://www.econbiz.de/10003712514
analyses with regard to debt financing, external equity financing and debt constraints via agency cost. -- Capital income …
Persistent link: https://www.econbiz.de/10003771793
Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...
Persistent link: https://www.econbiz.de/10003771840
countries. Second, by classifying each NGO according to its financing structure, we address the unresolved question of whether … of financial dependence for imitating the state and herding among NGOs. -- NGO aid, aid allocation, official co-financing …
Persistent link: https://www.econbiz.de/10003832118
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10003850517
In this paper we explore the relationship between an equitable distribution of the cost shares in public-good provision on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous distribution of cost shares that motivates some coalition...
Persistent link: https://www.econbiz.de/10003983187
Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....
Persistent link: https://www.econbiz.de/10003923234
multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …
Persistent link: https://www.econbiz.de/10009570036
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...
Persistent link: https://www.econbiz.de/10010375321
Using firm-level data for the UK, we investigate the link between firms ́financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit...
Persistent link: https://www.econbiz.de/10009786195