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Men too : the effects of welfare payment time limits on male labor market outcomes
Lichtman-Sadot, Shirlee - 2023
Persistent link: https://www.econbiz.de/10014486851
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Do all new brooms sweep clean? : evidence for outside bank appointments
Kick, Thomas; Nehring, Inge; Schertler, Andrea - 2017
Banks in bad financial shape are more likely to appoint executive directors from the outside than those in good shape. It is, however, not clear whether all of these appointments necessarily lead to the desired turnaround. We analyze the performance effects of new board members with external...
Persistent link: https://www.econbiz.de/10011722661
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Gender diversity in corporate boards : evidence from quota-implied discontinuities
Kuzʹmina, Olʹga; Melentyeva, Valentina - 2021 - This version: January 2021
Using data across European corporate boards, we investigate the effects of quota-induced female representation on firm value and operations, under minimal identification assumptions. We consider sharp increases in the share of women on boards that arise due to rounding whenever percentage-based...
Persistent link: https://www.econbiz.de/10012438240
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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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Differential taxation and firms' financial leverage : evidence from the introduction of a flat tax on interest income
Fossen, Frank M.; Simmler, Martin - 2012
leverage when the tax rate on interest income decreases, albeit to a small degree. -- Income taxation ; capital taxation … ; financial structure ; leverage ; matching …
Persistent link: https://www.econbiz.de/10009510579
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Tax incentives and capital structure choice : evidence from Germany
Hartmann-Wendels, Thomas; Stein, Ingrid; Stöter, Alwin - 2012
This paper provides new evidence that taxes affect capital structure choice, using a unique and comprehensive panel data set which covers 86,173 German non-financial firms over the years 1973–2008. Following the Graham methodology to simulate marginal tax rates, we find a statistically and...
Persistent link: https://www.econbiz.de/10009625689
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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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Executive board composition and bank risk taking
Berger, Allen N.; Kick, Thomas; Schaeck, Klaus - 2012
Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...
Persistent link: https://www.econbiz.de/10009509092
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Welcome on board? : appointment dynamics of women as directors
Schoonjans, Eline; Hottenrott, Hanna; Buchwald, Achim - 2023
Increasing the participation of women in top-level corporate boards is high on the agenda of policymakers. Yet, we know little about director appointment dynamics and the drivers and impediments of women appointments. This study builds on organizational and group-level behavior theories and...
Persistent link: https://www.econbiz.de/10014232704
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Bank profitability, leverage constraints, and risk-taking
Martynova, Natalya; Ratnovski, Lev; Vlahu, Razvan - 2019
risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or …
Persistent link: https://www.econbiz.de/10012020122