Showing 1 - 10 of 439
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …
Persistent link: https://www.econbiz.de/10013321422
International banks greatly reduced their direct cross-border and local affiliates' lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bilateral, lender-borrower countrydata and controlling for credit demand, we show...
Persistent link: https://www.econbiz.de/10013045260
effects of the post-2012 internationalization events by comparing the evolution of equity financing and investment activities … increases in financial and investment activities for domestic listed and for connected firms, with significant aggregate effects …
Persistent link: https://www.econbiz.de/10014254478
In this paper, we investigate whether a firm’s composition of foreign liabilities matters for their resilience during economic turmoil and examine which characteristics determine a firm’s foreign capital structure. Using firm-level data, we corroborate previous findings from the...
Persistent link: https://www.econbiz.de/10013295007
The COVID-19 pandemic has resulted in an unprecedented shock to firms with adverse consequences for existing productive capacities. At the same time, digitalization has increasingly been touted as a key pathway for mitigating economic losses from the pandemic, and we expect firms facing digital...
Persistent link: https://www.econbiz.de/10013295125
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition …, it is important to assess how domestic investment responds to such outflows. This study empirically examines the effects … of outward FDI on domestic investment in developing countries. Using data from 121 developing and transition economies …
Persistent link: https://www.econbiz.de/10013085137
This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a high level of operating costs, a high ratio of equity to total assets and high...
Persistent link: https://www.econbiz.de/10013085138
markets, which are the primary mechanisms for mobilizing savings and allocating investment funds. Five key policy issues are …
Persistent link: https://www.econbiz.de/10012782317
We study 1,400 UK syndicated loans, together with the financial history of the lead bank andthe borrowing firm. We interpret abnormal equity returns around loan announcements as thevalue of the lending relationship to the firm. We find that: (i) Consistent with previousevidence, the value of...
Persistent link: https://www.econbiz.de/10012945682
Changes in the structure of the U.S. Treasury market over recent years may have increased risks to financial stability. Traditional market makers have changed their liquidity provision by increasingly switching from risk warehousing to risk distribution, and a new breed of market maker has...
Persistent link: https://www.econbiz.de/10013003019