Showing 1 - 10 of 232
loan market. We find that banks are more likely to act as lead arrangers, charge higher interest rate spreads and face less …
Persistent link: https://www.econbiz.de/10011605112
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This …
Persistent link: https://www.econbiz.de/10011604814
be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected … by market structure. First, we use as an experiment the announcement of the ECB Outright Monetary Transactions (OMT …
Persistent link: https://www.econbiz.de/10012819046
approach is able to measure competition of bank market segments, such as the loan market, whereas many well - known measures of … competition can consider the entire banking market only. A caveat of the Boone - indicator may be that it assumes that banks …This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This …
Persistent link: https://www.econbiz.de/10013317045
In this paper we consider the relation between firms’ financial structure, access to external finance and labor productivity using a large dataset of firm-level data for Euro-area countries during the period 1995-2011. Our empirical strategy is twofold. First we develop an indicator of...
Persistent link: https://www.econbiz.de/10011605868
This paper provides an encompassing description of the various indicators compiled in the financial module of CompNet using balance sheet information of European firms. We investigate whether and to which extent the heterogeneous financial positions of firms have affected firms’ investment...
Persistent link: https://www.econbiz.de/10011605881
This paper provides an encompassing description of the various indicators compiled in the financial module of CompNet using balance sheet information of European firms. We investigate whether and to which extent the heterogeneous financial positions of firms have affected firms' investment...
Persistent link: https://www.econbiz.de/10013018000
We study the relation between firms financial structure, access to external finance and labor productivity using a unique dataset of firm-level data for several euro area countries during the period 1995-2011. The empirical strategy is twofold. First we build a synthetic indicator of financial...
Persistent link: https://www.econbiz.de/10013019618
their privately observed soft information is positive or negative. Competition affects the investment in learning the …
Persistent link: https://www.econbiz.de/10011605600
Using data on product-level prices matched to the producing �rm�s unit labor cost, we reject the hypothesis of a full and immediate pass-through of marginal cost. Since we focus on idiosyncratic variation, this does not �t the predictions of the Ma´ckowiak and Wiederholt (2009) version of...
Persistent link: https://www.econbiz.de/10011605129