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Earnings baths by bank CEOs during turnovers
Bornemann, Sven; Pfingsten, Andreas; Kick, Thomas; … - 2014
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10010249661
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Lending relationships in Germany : empirical evidence from survey data
Harhoff, Dietmar - 1998
Persistent link: https://www.econbiz.de/10013428157
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Maturity shortening and market failure
Thierfelder, Felix - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
Persistent link: https://www.econbiz.de/10009509089
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Selection into entrepreneurship and self-employment
Levine, Ross; Rubinstein, Yona - 2020
Persistent link: https://www.econbiz.de/10012486554
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The commitment role of equity financing
Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017
firm and its managers or employees. Equity financing generally strengthens a firm's credibility to honor implicit promises …
Persistent link: https://www.econbiz.de/10011705222
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Size matters : "over"investments in a relational contracting setting
Englmaier, Florian; Fahn, Matthias - 2018
The corporate finance literature documents that managers tend to over-invest in their companies. A number of … between shareholders and managers. The present paper shows that over-investments are not necessarily the (negative …) consequence of agency problems between shareholders and managers, but instead might be a second-best optimal response to address …
Persistent link: https://www.econbiz.de/10011895831
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Überlebenschancen neugegründeter Berliner Betriebe : eine Auswertung der Gewerbean- und -abmeldungen der Industrie- und Handelskammerdaten für den Zeitraum 1981-1990
Mahmood, Talat - 1996
; Branchenunterschiede der Unternehmen haben einen signifikanten Einfluß auf die Überlebenswahrscheinlichkeit; Dienstleistungsbetriebe … besitzen bessere Überlebenschancen als Unternehmen im verarbeitenden Gewerbe. …
Persistent link: https://www.econbiz.de/10011417826
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Regionale Verteilung technologieorientierter Unternehmensgründungen
Nerlinger, Eric A.; Berger, Georg - 1995
During the last years more and more discussions came up about the contribution of technology-oriented and technology-intensive industries for the economic development and employment. This paper examines the foundation dynamic and the regional clustering of various technology-oriented sectors in...
Persistent link: https://www.econbiz.de/10011620601
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High-Tech Gründungen in den neuen Bundesländern : Entwicklung und Standorte
Felder, Johannes; Fier, Andreas; Nerlinger, Eric A. - 1996
New firm set ups, especially in High Tech industries, can give important impulses for the technological development and the catch up process in the Neuen Bundes1aender. The paper at hand gives an overview about the formation behaviour considering the preconditions of the former German Democratic...
Persistent link: https://www.econbiz.de/10011620684
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Regionale Verteilung technologieorientierter Unternehmensgründungen
Nerlinger, Eric; Berger, Georg - 1995
Persistent link: https://www.econbiz.de/10013428015