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Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition

Bischoff, Oliver - 2015

This paper sheds new light on the assessment of firm networks via multiple directorships in terms of corporate firm performance. Using a large sample of European listed firms in the period from 2003 to 2011 and system GMM we find a significant compensation effect on corporate firm performance...

Persistent link: https://www.econbiz.de/10013024843

The Allocation of Economic Capital in Opaque Financial Conglomerates

Mierzejewski, Fernando - 2009

The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...

Persistent link: https://www.econbiz.de/10013159445

CAUSES OF BANKRUPTCY IN EUROPE AND CROATIA

Novak, Branko; Sajter, Domagoj - Volkswirtschaftliche Fakultät, … - 2007

most part transferred from the corresponding German Insolvenzordnung (Insolvency law), German experiences in this field are …-Saxon legislative theory and practice is relatively different from those of mainland Europe, therefore making it attractive for …) insolvency causes will be studied. Euler Hermes Kreditversicherung and the Center for Insolvency and Reorganization at the …

Persistent link: https://www.econbiz.de/10005789381

GDP and insolvency

Staszkiewicz, Piotr W. - Volkswirtschaftliche Fakultät, … - 2013

The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...

Persistent link: https://www.econbiz.de/10011259056

Financial Accelerator Effects in the Balance Sheets of Czech Firms

Horvath, Roman - Volkswirtschaftliche Fakultät, … - 2006

The paper examines a financial accelerator mechanism in analyzing determinants of corporate interest rates. Using a panel of the financial statements of 448 Czech firms from 1996–2002, we find that balance sheet indicators matter interest rates paid by firms. Market access is particularly...

Persistent link: https://www.econbiz.de/10005786951

Microbanks: Ownership, performance and social tradeoffs - a global analysis

Mersland, Roy; Strøm, R. Øystein - Volkswirtschaftliche Fakultät, … - 2007

Suppliers of microfinance are typically Non Governmental Organizations (NGOs), cooperatives or specialized microfinance institutions incorporated as Shareholder Firms (SHFs). Leaving out the cooperatives we study whether NGOs and SHFs differ in bringing along social benefit to their clients....

Persistent link: https://www.econbiz.de/10005787068

A Practical Guide to the Assessment of the Vulnerability of the Non-Financial Private Sector

Mario, Cuevas - Volkswirtschaftliche Fakultät, … - 2007

The paper proposes a practical guide to the evaluation of the financial and non-financial vulnerability of the private sector (excluding financial entities). It describes step by step the sequence of issues that should be examined to assess the level of vulnerability of the private sector,...

Persistent link: https://www.econbiz.de/10005787090

The determinants of the Harare Stock Exchange (HSE) market capitalisation

Ilmolelian, Peter - Volkswirtschaftliche Fakultät, … - 2005

of the paper outlines the theory behind market capitalisation, the development of of the general econometric model and …

Persistent link: https://www.econbiz.de/10005787110

Proper funds of banking romanian companies

Troaca, Victor - Volkswirtschaftliche Fakultät, … - 2007

The development of the activity by the banking companies, in normal conditions, imposes on that these ones should dispose on a certain volume of proper funds, determined in accordance with their size, the profile of operations and the assumed risks. The specific of banking activity imposes on...

Persistent link: https://www.econbiz.de/10005787216

Analysis into IPO underpricing and clustering in Hong Kong equity market

Qiao, Yongyuan - Volkswirtschaftliche Fakultät, … - 2008

This paper focuses on the time series properties of the level of underpricing of IPO shares and volume of initial selling in Hong Kong equity market. Strong autocorrelation among the level of underpricing has been identified. Evidence suggests that the initial selling volume plays an important...

Persistent link: https://www.econbiz.de/10005789232