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Corporate acquisitions and bank relationships
Volosovych, Vadym; Poelhekke, Steven; Vlahu, Razvan - 2021
Using a large dataset of firm-bank and ownership information for 23 European countries over 2008-2015, we study the dynamics of bank relationships after corporate acquisitions and the effects of changing banks on firm performance. Foreign acquirers do not rely on internal capital markets but...
Persistent link: https://www.econbiz.de/10012621574
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Banks, money, and the zero lower bound on deposit rates
Kumhof, Michael; Wang, Xuan - 2020
We develop a New Keynesian model where all payments between agents require bank deposits through deposits-in-advance constraints, bank deposits are created through disbursement of bank loans, and banks face a convex lending cost. At the zero lower bound on deposit rates (ZLBD), changes in policy...
Persistent link: https://www.econbiz.de/10012262361
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A macro-financial perspective to analyse maturity mismatch and default
Wang, Xuan - 2020
The Basel Committee proposed the Net Stable Funding Ratio (NSFR) to curb excessive maturity mismatch of the banking sector. However, it remains to be ascertained as to what are the financial and real effects of the NSFR on banks' credit quality, investment, and the pass-through of monetary...
Persistent link: https://www.econbiz.de/10012427585
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Total factor productivity and the role of entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Adriaan R. - 2009 - Current version: May 2009
models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present … paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship … while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of …
Persistent link: https://www.econbiz.de/10011378136
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Entrepreneurial progress : climbing the entrepreneurial ladder in Europe and the US
Zwan, Peter van der; Verheul, Ingrid; Thurik, Adriaan R.; … - 2010 - Version: March 2010
through these stages. Data are used from the 2007 “Flash Eurobarometer Survey on Entrepreneurship”, covering 27 European …
Persistent link: https://www.econbiz.de/10011378847
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Returns for entrepreneurs versus employees : the effect of education and personal control on the relative performance of entrepreneurs vis-a-vis wage employees
Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - 2009
spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …
Persistent link: https://www.econbiz.de/10011379475
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Are education and entrepreneurial income endogenous and do family background variables make sense as instruments? : a Bayesian analysis
Block, Jörn; Hoogerheide, Lennart; Thurik, Adriaan R. - 2010 - Current version: February 2010
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10011380037
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Unraveling the shift to the entrepreneurial economy
Audretsch, David B.; Thurik, Adriaan R. - 2011 - Current version: April 2011
economy. In particular, the empirical evidence provides consistent support that (1) the role of entrepreneurship has … may be that the current approach to entrepreneurship policy is misguided. The priority should not be on entrepreneurship …
Persistent link: https://www.econbiz.de/10011381042
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Entrepreneurship selection and performance
Sluis, Justin van der; Praag, Mirjam van; Vijverberg, … - 2004
This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and … entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …
Persistent link: https://www.econbiz.de/10011333877
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Business survival and success of young small business owners
Praag, Mirjam van - 2003
Little empirical evidence provides insight in person-oriented drivers of business survival and success of small business owners. In this paper I perform a duration analysis of business survival amongst young white (selfemployed) small business owners in the U.S. Compulsory exits are...
Persistent link: https://www.econbiz.de/10011333891