Narrow search
Showing 1 - 10 of 2,227
Cover Image
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
Cover Image
Economic surplus and derived demand
Schlicht, Ekkehart (contributor) - 2006
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand. -- derived demand ; indirect demand...
Persistent link: https://www.econbiz.de/10003333109
Cover Image
Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013
We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...
Persistent link: https://www.econbiz.de/10010229932
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Interpreting prediction market prices as probabilities
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We …
Persistent link: https://www.econbiz.de/10003310964