Showing 1 - 10 of 1,625
In this study, we use data from the Federal Reserve’s 1993, 1998 and 2003 Surveys of Small Business Finances to classify small businesses into four groups based upon their credit needs and to model the credit allocation process into a sequence of three steps. First, do firms need credit? We...
Persistent link: https://www.econbiz.de/10008615019
If control of their firms allows entrepreneurs to derive private benefits, it also allows other controlling parties. Private benefits are especially relevant for venture capitalists, who typically get considerable control in their portfolio firms, but not for banks, which are passive loan...
Persistent link: https://www.econbiz.de/10008674267
entrepreneurship or the performance of entrepreneurs in the informal economy. Focusing on institutional heterogeneity, this paper … and both the propensity for entrepreneurship and the performance of entrepreneurs in the informal economy. …
Persistent link: https://www.econbiz.de/10011113412
period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … dealers, mutual funds, etc.) that steadily increased until the crisis. Its effects over real economy could be investigated in …
Persistent link: https://www.econbiz.de/10011258987
Abstract Starting from some of the most recent literature developed after the world financial crisis, it has been …, the total level of investments, output and employment. Abstract When a financial crisis occurs, banks reduce their supply … of interbank funds replicating, to some extent, the behaviour of the interbank market during the last crisis. Through the …
Persistent link: https://www.econbiz.de/10011156994
The capital-structure decision is one of the most fundamental issues in corporate finance. Numerous studies have been conducted to test the two major competing theories of capital structure (Trade-Off Theory and Pecking-Order Theory), yet none of these studies has analyzed the capital-structure...
Persistent link: https://www.econbiz.de/10005621278
entrepreneurship policies. In particular, they suggest that competition policies on the banking sector warrant greater attention as …
Persistent link: https://www.econbiz.de/10011108540
This study examines how consolidation activity in the credit union system may impact small business lending. Drawing on Canadian provincial-level data over the period 1992-2009, it provides systematic evidence which suggests that the size of credit unions has a statistically significant negative...
Persistent link: https://www.econbiz.de/10011113824
crisis, showed all its shortcomings when the crisis erupted. European banks highlighted greater fragilities in their business … proposed remedies to the global financial crisis appear to push for a return of a narrower model for banking activity. The …
Persistent link: https://www.econbiz.de/10011258874
The most pernicious effect of the global financial crisis is that it triggers a sequence of unpleasant consequences for … the banking sector and for the entire economy as a whole. The recent financial crisis has compelled regulators to focus on … the Basel II and III norms, for the periods before and after 2008 financial crisis. The obtained Z-scores suggest that the …
Persistent link: https://www.econbiz.de/10011259139