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product development process. HCs do not invest more into innovation, but achieve higher innovation success. The higher …
Persistent link: https://www.econbiz.de/10011997801
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We analyze the relationship between managerial ownership and company performance, testing the incentive and entrenchment hypothesis. Differently from previous literature, we focus on small and medium-sized private enterprises which constitute an important part of the German economy. We use a...
Persistent link: https://www.econbiz.de/10001633303
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We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
Persistent link: https://www.econbiz.de/10011308474
This paper deals with the conditions of effective transfer of technology from Universities and public research institutions to small and medium-sized enterprises. The theoretical and empirical analyses lead to the conclusion that the chances of improving the technology transfer does not lie in a...
Persistent link: https://www.econbiz.de/10011619331
This paper re-visits the state of decentralised banking in Germany, Spain and the UK. The cross-country comparison we … conducted has identified Germany as having the most decentralised banking system, followed by Spain and the UK, as expected. The … Germany. Our comparison has identified three factors of success contributing to the persistence of decentralised banking: I …
Persistent link: https://www.econbiz.de/10011800413
This paper analyses the causal effects of weaker dismissal protection on the incidence of long-term sickness ( six weeks). We exploit a German policy change, which shifted the threshold exempting small establishments from dismissal protection from five to ten workers. Using administrative data,...
Persistent link: https://www.econbiz.de/10012267172
significant as savings banks in Germany, at least not for SME finance. Notwithstanding recent initiatives to create a common … countries and between decentralised and centralised systems with regard to the SME]credit decision]making process become … uneven, particularly with respect to the degree of geographical concentration. Whereas decentralisation increased in Germany …
Persistent link: https://www.econbiz.de/10011818385
that could improve SME finance are the so-called challenger banks, a type of bank unknown in Germany. These banks differ in …
Persistent link: https://www.econbiz.de/10011870464