Narrow search
Showing 1 - 10 of 3,025
Cover Image
Trade Credit Contracts
Klapper, Leora F. - 2011
We employ a novel dataset on almost 30,000 trade credit contracts to describe the broad characteristics of the parties that contract together and the key contractual terms of these contracts. Whereas prior work has typically used information on only one side of the buyer-seller transaction, this...
Persistent link: https://www.econbiz.de/10013123686
Cover Image
Curbing Shocks to Corporate Liquidity : The Role of Trade Credit
Amberg, Niklas - 2016
Using data on exogenous liquidity losses generated by the fraud and failure of a cash-in-transit firm, we demonstrate a causal impact on firms' trade credit usage. We find that firms manage liquidity shortfalls by increasing the amount of drawn credit from suppliers and decreasing the amount...
Persistent link: https://www.econbiz.de/10012990784
Cover Image
An Ordered Probit Analysis of Transaction Stock Prices
Hausman, Jerry A. - 2010
We estimate the conditional distribution of trade-to-trade price changes using ordered probit, a statistical model for discrete random variables. Such an approach takes into account the fact that transaction price changes occur in discrete increments, typically eighths of a dollar, and occur at...
Persistent link: https://www.econbiz.de/10012762721
Cover Image
Mpc Heterogeneity in Europe : Sources and Policy Implications
Ampudia, Miguel - 2018
income ratios by education and country. The policy functions based upon the estimation are used to characterize the … stock returns. Monetary policy has a larger impact on consumption in Italy and Spain compared to France and Germany …
Persistent link: https://www.econbiz.de/10012910644
Cover Image
Wage Gaps vs. Output Gaps : is There a Common Story for All of Europe?
Gordon, Robert J. - 2010
Persistent link: https://www.econbiz.de/10012760232
Cover Image
How to Construct Nationally Representative Firm Level Data from the ORBIS Global Database : New Facts and Aggregate Implications
Kalemli-Ozcan, Sebnem - 2015
We construct representative firm-level longitudinal data for twenty-seven European countries using financial statements from the Orbis global database, providing a “how-to” guide on the construction. We validate our dataset by comparing its aggregate coverage to official statistics and...
Persistent link: https://www.econbiz.de/10013015543
Cover Image
Multivariate Fractional Regression Estimation of Econometric Share Models
Mullahy, John - 2010
proposed by Papke and Wooldridge, 1996, 2008, in univariate cross-sectional and panel contexts. The paper discusses the … econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …
Persistent link: https://www.econbiz.de/10013138354
Cover Image
Convergence and Modernization Revisited
Barro, Robert J. - 2012
"iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization …In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate …
Persistent link: https://www.econbiz.de/10013101830
Cover Image
Revisiting the Minimum Wage-Employment Debate : Throwing Out the Baby with the Bathwater?
Neumark, David - 2013
studies claiming that the standard panel data approach used in much of the "new minimum wage research" is flawed because it …
Persistent link: https://www.econbiz.de/10013088692
Cover Image
The Tax Sensitivity of Foreign Direct Investment : Evidence from Firm-Level Panel Data
Cummins, Jason G. - 2009
previously unexplored (for this purpose) panel data on FDI by subsidiaries of U.S. multinational firms collected by Compustat …
Persistent link: https://www.econbiz.de/10013155967