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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

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … 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

The value of business networks in emerging economies : an analysis of firms' external financing opportunities

Owolabi, Oluwarotimi; Pal, Sarmistha - 2011

hypothesis. Even after controlling for other factors, firms affiliated to business associations are more likely to secure bank … against the small and medium sized firms' access to bank loans in the CEE regions. Results are robust in both single cross …-section and panel data analyses. -- business networks ; agency costs ; external firm financing ; bank loans ; transition economies …

Persistent link: https://www.econbiz.de/10009307402

Does the legal form matter for firm performance in the MENA Region?

Ahmad, Issam Abdo; Fakih, Ali - 2021

Africa Region (MENA) using the World Bank Enterprise Survey (WBES) database. Our analysis shows that open shareholding …

Persistent link: https://www.econbiz.de/10012491452

Employee health and firm performance

Rettl, Daniel A.; Schandlbauer, Alexander; Trandafir, Mircea - 2022

When workers are in bad health, their productivity declines. We investigate whether the health of employees affects firm performance, taking advantage of the severity of the seasonal influenza seasons as a source of exogenous variation. We find that firms whose employees are particularly...

Persistent link: https://www.econbiz.de/10013169918

The KfW/ZEW start-up panel : design and research potential

Fryges, Helmut; Gottschalk, Sandra; Kohn, Karsten - 2009

So far, there has been no data set which observes firm formations in Germany not only on a cross-sectional basis using one-time surveys, but continuously over a number of years. Therefore, the Centre for European Economic Research (ZEW), KfW Bankengruppe and Creditreform set up a panel study of...

Persistent link: https://www.econbiz.de/10003900570

Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges

Kato, Takao (contributor); Long, Cheryl (contributor) - 2005

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...

Persistent link: https://www.econbiz.de/10003225948

Executive compensation, firm performance, and chaebols in Korea : evidence from new panel data

Kato, Takao (contributor); Kim, U-chʾan (contributor); … - 2005

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

Persistent link: https://www.econbiz.de/10003225965

The market for CEOs: building legacy and feeling empowered matter

Dupuy, Arnaud; Kennes, John; Lyng, Ran Sun - 2021

We develop a two-sided multidimensional matching model of the market for CEOs that allows for both pecuniary and non-pecuniary (amenity) compensation. The model is estimated by maximum likelihood estimation using matched CEO-firm data from Denmark. We show that CEOs have preferences for building...

Persistent link: https://www.econbiz.de/10012653095

Reputation and credit market formation : how relational incentives and legal contract enforcement interact

Fehr, Ernst; Zehnder, Christian - 2009

The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...

Persistent link: https://www.econbiz.de/10003884085

Heterogeneous effects of credit constraints on SMEs' employment : evidence from the Great Recession

Cornille, David; Rycx, François; Tojerow, Ilan - 2018

This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment …

Persistent link: https://www.econbiz.de/10011785728

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