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Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10011820943
We demonstrate how the incentives of firms that partially own their suppliers or customers to foreclose rivals depend on how the partial owner can extract profits from the target. Compared to a fully vertically integrated firm, a partial owner may obtain only a share of the target's profit but...
Persistent link: https://www.econbiz.de/10014541862
Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on … was subsequently cited. results from two wide-ranging surveys, one in Germany and one in the United States, support … expiration in environments such as Germany with highly progressive annual maintenance fees are more valuable and more highly …
Persistent link: https://www.econbiz.de/10011417779
We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are more concerned about not catching good risk projects when the perceived state of the economy improves, while they are more concerned about being induced to finance bad risk...
Persistent link: https://www.econbiz.de/10011417798
Patent renewal studies reveal a highly rightward-skewed distribution of patent values. Our approach elicits valuations approximating those of the patented invention. This paper focuses on the full-term patents of the application year 1977 held by West German and U.S. residents. The tail of...
Persistent link: https://www.econbiz.de/10011417839
öffentliche Wertschätzung. Vielfach wurde in der Vergangenheit darauf hingewiesen, dass soziale Arbeit in Deutschland strukturell …
Persistent link: https://www.econbiz.de/10012204302
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Während in letzter Zeit unter dem Schlagwort "Evaluitis" seitens der Wissenschaft vor allem die negativen Effekte von Evaluationen auf den Wissenschaftsbetrieb im Zentrum eines öffentlichen Diskurses standen, blieb die Frage nach dem spezifischen (Mehr-)Wert solcher Verfahren für die...
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