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Does outward foreign investment matter for Canadian productivity? : evidence from greenfield investments
Rai, Naveen; Suchanek, Lena; Bernier, Maria - 2018
This paper seeks to understand how outward foreign direct investment (FDI) affects the productivity of Canadian firms. We estimate the impact of outward greenfield investment on measures of firm-level productivity using FDI data from roughly 2,000 Canadian firms and more than 4,000 outward FDI...
Persistent link: https://www.econbiz.de/10011878649
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An examination of Canadian firms delisting from US exchanges
Witmer, Jonathan (contributor) - 2008
find that, for most countries, less than 10% of firms get delisted from a U.S. exchange during my sample period. For Canada …
Persistent link: https://www.econbiz.de/10003711680
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Complex ownership and capital structure
Paligorova, Teodora; Xu, Zhaoxia - 2009
This paper investigates the impact of pyramid ownership structure and multiple controlling shareholders on firm leverage. Pyramids, having at least one controlling shareholder and a subsidiary, rely significantly more on debt financing than non-pyramid firms. Moreover, higher leverage is...
Persistent link: https://www.econbiz.de/10003823152
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Corporate risk taking and ownership structure
Paligorova, Teodora - 2010
This paper investigates the determinants of corporate risk taking. Shareholders with substantial equity ownership in a single company may advocate conservative investment policies due to greater exposure to firm risk. Using a large cross-country sample, I find a positive relationship between...
Persistent link: https://www.econbiz.de/10003933396
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Understanding firms' inflation expectations using the Bank of Canada's Business Outlook Survey
Richards, Simon; Verstraete, Matthieu - 2016
policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada … structural shift specifications suggests that inflation expectations in Canada have drifted downward since the Great Recession …
Persistent link: https://www.econbiz.de/10011433529
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Financial constraint and productivity : evidence from Canadian SMEs
Cao, Shutao; Leung, Danny - 2016
The degree to which financial constraint is binding is often not directly observable in commonly used business data sets (e.g., Compustat). In this paper, we measure and estimate the likelihood of a firm being constrained by external financing using a data set of small- and medium-sized Canadian...
Persistent link: https://www.econbiz.de/10011538963
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Downward nominal wage rigidity in Canada : evidence from micro-level data
Brouillette, Dany; Kostyshyna, Olena; Kyui, Natalia - 2016
We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata …-based survey data from the Survey of Labour Income Dynamics (SLID). MWS data cover large unionized firms in Canada, while SLID is a … rich rotating panel representative of the employed population in Canada. Combining both sources of information allows for a …
Persistent link: https://www.econbiz.de/10011523061
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The impact of macroprudential housing finance tools in Canada : 2005 - 10
Allen, Jason; Grieder, Timothy; Peterson, Brian; … - 2016
macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers. Policies targeting …
Persistent link: https://www.econbiz.de/10011524648
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Estimating systematic risk under extremely adverse market conditions
Oordt, Maarten R. C. van; Chen Zhou - 2016
This paper considers the problem of estimating a linear model between two heavy-tailed variables if the explanatory variable has an extremely low (or high) value. We propose an estimator for the model coefficient by exploiting the tail dependence between the two variables and prove its...
Persistent link: https://www.econbiz.de/10011458791
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On the evolution of multiple jobholding in Canada
Kostyshyna, Olena; Lalé, Etienne - 2019
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While …
Persistent link: https://www.econbiz.de/10012135795