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Small and vulnerable : small firm productivity in the great productivity slowdown

Chen, Sophia; Lee, Do - 2020

We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the …

Persistent link: https://www.econbiz.de/10012487176

Financial frictions and the great productivity slowdown

Duval, Romain; Hong, Gee Hee; Timmer, Yannick - 2017

We study the role of financial frictions in explaining the sharp and persistent productivity growth slowdown in … and tightening credit conditions made an important contribution to the post-crisis productivity slowdown. Specifically: (i …) firms that entered the crisis with weaker balance sheets experienced decline in total factor productivity growth relative to …

Persistent link: https://www.econbiz.de/10011704627

The tax-adjusted Q model with intangible assets : theory and evidence from temporary investment tax incentives

Chen, Sophia; Dauchy, Estelle P. - 2014

We propose a tax-adjusted q model with physical and intangible assets and estimate it with a self-collected comprehensive database of intangible assets. The presence of intangibles changes the accounting and economic measures of q. We show that when tax changes are temporary, the q model can be...

Persistent link: https://www.econbiz.de/10012666979

Financial constraints, intangible assets, and firm dynamics : theory and evidence

Chen, Sophia - 2014

I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that firms with a higher share of intangible assets in total...

Persistent link: https://www.econbiz.de/10014275782

Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis

Chan-Lau, Jorge A. - 2012

This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....

Persistent link: https://www.econbiz.de/10014412154

Economic Integration and Financial Stability : A European Perspective

De Nicoló, Gianni - 2006

This paper assesses changes in synchronization of real activity and financial market integration in Western Europe and …

Persistent link: https://www.econbiz.de/10014399790

A European Mandate for Financial Sector Supervisors in the EU

International Monetary Fund - 2009

The EU is deliberating the introduction of an explicit ""European mandate"" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given...