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Family ownership, workplace closure and the recession

Bryson, Alex; Dale-Olsen, Harald; Gulbrandsen, Trygve - 2016

Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...

Persistent link: https://www.econbiz.de/10011457366

Impact of financial crises on dynamics of capital structure : evidence from Korean listed companies

Tsoy, Lyubov; Heshmati, Almas - 2017

. The average debt ratio fell significantly, the distance between optimal and observed debt ratios shrank, while the speed … effect on companies' debt ratio and the speed of their adjustment toward optimal leverage. The empirical analysis revealed … that Korean non-financial listed companies on average decreased their debt ratios over the entire study period, with …

Persistent link: https://www.econbiz.de/10011612999

Evolution of capital structure in East Asia : corporate inertia or endeavours?

Driffield, Nigel L. (contributor); … - 2008

The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countries, average leverages were much higher among firms in the worst affected countries while the...

Persistent link: https://www.econbiz.de/10003693700

Excess leverage and productivity growth in emerging economies : is there a threshold effect?

Coricelli, Fabrizio; Driffield, Nigel L.; Pal, Sarmistha; … - 2010

The paper examines the relationship between leverage and growth in a group of emerging central and eastern European countries, who are at different levels of financial market development. We hypothesize a non-linear relationship in that moderate leverage could boost growth while very high...

Persistent link: https://www.econbiz.de/10003944314

The interdependence of R&D activity and debt financing of young firms

Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2011

We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the … detected by merely estimating single-equation models for R&D intensity and debt financing. -- innovation financing ; capital …

Persistent link: https://www.econbiz.de/10009523478

How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India

Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016

and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

Persistent link: https://www.econbiz.de/10011493763

Convergence in institutions and market outcomes : cross-country and time-series evidence from the BEEPS surveys in transition economies

Mitra, Pradeep K. (contributor); … - 2008

This paper uses the BEEPS firm-level data to study the process of convergence of transition countries with developed market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending to firms, and how firms respond to the economic...

Persistent link: https://www.econbiz.de/10003782478

Welfare reform in European countries : a microsimulation analysis

Immervoll, Herwig; Kleven, Henrik Jacobsen; Kreiner, … - 2005

This paper estimates the welfare and distributional impact of two types of welfare reform in the 15 (pre-enlargement) member countries of the European Union. The reforms are revenue neutral and financed by an overall and uniform increase in marginal tax rates on earnings. The first reform...

Persistent link: https://www.econbiz.de/10003158658

The redistributive effects of tax benefit systems in the enlarged EU

Fuest, Clemens; Niehues, Judith; Peichl, Andreas - 2009

How do different components of the tax and transfer systems affect disposable income inequality? This paper explores the redistributive effects of different tax benefit instruments in the enlarged EU based on two approaches. Inequality analysis based on the standard approach suggests that...

Persistent link: https://www.econbiz.de/10003906234

Quantifying optimal growth policy

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010

The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Persistent link: https://www.econbiz.de/10003976826

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