Showing 1 - 10 of 317
Utilising a unique data set with annual accounts from around 37,000 Danish non-financial firms spanning almost one and a half decade, we offer microeconometric evidence on bankfirm relationships and the survival of firms during the financial crisis 2008-9. Within the framework of...
Persistent link: https://www.econbiz.de/10013086885
This paper shows that a central bank can more efficiently mitigate economic crises when it broadens eligibility for its discount facility to any safe asset or solvent agent. We use difference-in-differences panel regressions and emulate crises by studying how defaults of banks and...
Persistent link: https://www.econbiz.de/10012961960
The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mainly been analysed at the macroeconomic or sectoral level. However, exporters who are heterogeneous in terms of productivity, size or external financial dependence should be...
Persistent link: https://www.econbiz.de/10013141112
Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is accounted by the unprecedented demand shock and by...
Persistent link: https://www.econbiz.de/10013138158
The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mainly been analysed at the macroeconomic or sectoral level. However, exporters who are heterogeneous in terms of productivity, size or external financial dependence should be...
Persistent link: https://www.econbiz.de/10011605273
Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is accounted by the unprecedented demand shock and by...
Persistent link: https://www.econbiz.de/10011605291
activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us …
Persistent link: https://www.econbiz.de/10012831402
In this paper, we investigate the economy-wide effects of the collateral channel by exploiting: (i) a legal reform in Sweden in 2004 that reduced collateral values, and (ii) a dataset that covers all incorporated firms in Sweden over the period 2000-2006. We find that the loss in collateral...
Persistent link: https://www.econbiz.de/10012988601
Does firm ownership change affect performance? On the basis of a mean-value analysis and a fixed effects panel analysis … of over 1100 Chinese companies during the period of ownership reform (1997-2003), this paper examines the performance … impact of firm ownership transformation in China. The data used allows us to compare the performance impacts of different …
Persistent link: https://www.econbiz.de/10013074635
country institutional characteristics, as well as to the performance of affiliates across business groups. Conditional on …
Persistent link: https://www.econbiz.de/10013081466