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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 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
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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 KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009523478
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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
market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …. -- Transition ; convergence ; market structure ; competition ; enterprise finance ; enterprise restructuring …
Persistent link: https://www.econbiz.de/10003782478
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Government debt as insurance against macroeconomic risk
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001
there an optimal maturity structure of public debt? Using a stochastic Diamond OLG model, we tackle these questions. We show … that there may be a welfareimproving role for a well-designed maturity structure of debt. …
Persistent link: https://www.econbiz.de/10011405711
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Contract violations, neighborhood effects, and wage arrears in Russia
Earle, John S. (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002120369
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Community norms and organizational practices : the legitimization of wage arrears in Russia, 1992 - 1999
Earle, John S. (contributor); Spicer, Andrew (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001906784
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Households debt restructuring : the re-default effect of a debt suspension
Fraisse, Henri - 2017
When facing financial distress, French households can file a case to a "households' over-indebtedness commission" (HDC). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy filings to managers, we show that a debt suspension has a...
Persistent link: https://www.econbiz.de/10011732088
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Equilibrium wage arrears : a theoretical and empirical analysis of institutional lock-in
Earle, John S.; Sabirianova Peter, Klara - 2000
equilibria under symmetric local labor market competition are satisfied in 1995 and 1998. Simulation results imply a late payment …
Persistent link: https://www.econbiz.de/10011339102
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Wage arrears and the distribution of earnings in Russia
Lehmann, Hartmut; Wadsworth, Jonathan - 2001
The increase in wage inequality in Russia during its transition process has far exceeded the increase in wage dispersion observed in other European countries undergoing transition. Russia also has an extremely large incidence of wage arrears. We analyse to what extent wage arrears affect the...
Persistent link: https://www.econbiz.de/10011405706
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Impact of financial crises on dynamics of capital structure : evidence from Korean listed companies
Tsoy, Lyubov; Heshmati, Almas - 2017
This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed companies. Using a data set covering 1,159 Korean listed non-financial firms from 10 industrial sectors over period 1985-2015, the pattern of firms' capital structure before...
Persistent link: https://www.econbiz.de/10011612999