Showing 1 - 10 of 892
Persistent link: https://www.econbiz.de/10012589691
This paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to...
Persistent link: https://www.econbiz.de/10013428341
creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …
Persistent link: https://www.econbiz.de/10013428410
In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop … details of liability regulation and taxation rules which German entrepreneurs face when choosing a particular legal form for … as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than …
Persistent link: https://www.econbiz.de/10011622932
Persistent link: https://www.econbiz.de/10013450312
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity … involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits … will be more difficult to receive if liability is limited. The paper first discusses these issues theoretically and then …
Persistent link: https://www.econbiz.de/10013428336
Persistent link: https://www.econbiz.de/10014459913
Persistent link: https://www.econbiz.de/10011668680
founded between 1994 and 1999. The estimation results indicate that the effect of limited liability depends upon firms …
Persistent link: https://www.econbiz.de/10013428391
The positive role of transformational leadership on productivity and mental wellbeing has long been established. Transformational leadership behavior may be particularly suited to navigate times of crisis which are characterized by high levels of complexity and uncertainty. We exploit...
Persistent link: https://www.econbiz.de/10014495739