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How does bank distress impact their customers' probability of default and trade credit availability? We address this … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …
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the conditional distributions of the individual FIs, and we propose several financial distress measures based on default …
Persistent link: https://www.econbiz.de/10010405480
We assess the influence of moneyed interests on legislative decisions. Our theory predicts that the vote outcome distribution and donation flows in a legislature feature a discontinuity at the approval threshold of bills if special interest groups are involved in vote buying. Testing the...
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Institutions matter greatly in the development of competitive advantage. Different institutional strategies to manipulate and shape institutions are discussed in the literature. This paper aims at extending the existing conceptual model of membership strategy. Despite being referenced...
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