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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
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Impact of financial crises on dynamics of capital structure : evidence from Korean listed companies
Tsoy, Lyubov; Heshmati, Almas - 2017
optimal leverage identified. Different effects of the two crises on both capital structure and its adjustment speed is found … effect on companies' debt ratio and the speed of their adjustment toward optimal leverage. The empirical analysis revealed … leverage being highest before the Asian crisis and lowest after the Global financial crisis. The results also show that the …
Persistent link: https://www.econbiz.de/10011612999
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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 … moderate leverage could boost growth while very high leverage could lower it by increasing the likelihood of financial distress … various firm, industry and financial market characteristics. We also endogenously determine a threshold level of leverage …
Persistent link: https://www.econbiz.de/10003944314
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The interdependence of R&D activity and debt financing of young firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2011
characteristics of the founders for explaining young firms' leverage, whereas firm characteristics and human capital of both founders …
Persistent link: https://www.econbiz.de/10009523478
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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
Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...
Persistent link: https://www.econbiz.de/10011493763
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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
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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
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Globalization and firm performance
Catão, Luis; Faria, Pedro de; Martins, António; … - 2023
Using a new panel dataset of about 140 thousand Portuguese firms during 2006-2019, we measure the effects of globalization on firm-level performance along four dimensions: ownership of capital, employment of foreign-seasoned managers, and participation in export and import markets. Once at least...
Persistent link: https://www.econbiz.de/10013502260
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The quantity-quality tradeoff of children in a developing country : identification using Chinese twins
Li, Hongbin (contributor); Zhang, Junsen (contributor);  … - 2007
attainment in China. We find a negative correlation between family size and child outcome, even after we control for the birth … effect of family size on children's education. We also find that the effect of family size is more evident in rural China …-quality tradeoff of children in developing countries. -- Quantity-quality tradeoff ; twins ; China …
Persistent link: https://www.econbiz.de/10003641527
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Regional price differences in urban China 1986 - 2001 : estimation and implication
Honge Gong, Cathy (contributor); Meng, Xin (contributor) - 2008
Despite the intensive efforts made by economists to examine regional income inequality in China, limited attention has … in urban China over the period 1986 to 2001. Spatial Price Index (SPI) is normally calculated using the Basket Cost … those obtained from the Basket Cost method. Further, regional price variations in urban China increased significantly during …
Persistent link: https://www.econbiz.de/10003753767