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Lobbying on Entry
Perotti, Enrico; Volpin, Paolo - Tinbergen Instituut - 2004
growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …
Persistent link: https://www.econbiz.de/10011256172
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Lobbying on Entry
Perotti, Enrico; Volpin, Paolo - Tinbergen Institute - 2004
external capital and have greater growth opportunities. Also, higher accountability and lower income inequality are associated …
Persistent link: https://www.econbiz.de/10005137200
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Capital Structure and the Redeployability of Tangible Assets
Campello, Murillo; Giambona, Erasmo - Tinbergen Instituut - 2011
We characterize the relation between corporate asset structure and capital structure by exploitingvariation in the salability of tangible assets. Theory suggests that tangibility increases borrowingcapacity because it allows creditors to more easily repossess a firm’s assets. Tangible assets,...
Persistent link: https://www.econbiz.de/10011255648
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Capital Structure and the Redeployability of Tangible Assets
Campello, Murillo; Giambona, Erasmo - Tinbergen Institute - 2011
We characterize the relation between corporate asset structure and capital structure by exploiting variation in the salability of tangible assets. Theory suggests that tangibility increases borrowing capacity because it allows creditors to more easily repossess a firm’’s assets. Tangible...
Persistent link: https://www.econbiz.de/10009209849
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Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure
Boot, Arnoud W.A.; Thakor, Anjan V. - Tinbergen Institute - 2003
In this paper we introduce flexibility as an economic concept and apply it to the firm’s security issuance decision and capital structure choice. Flexibility is the ability to make decisions that one thinks are best even when others disagree. The firm’s management values flexibility because...
Persistent link: https://www.econbiz.de/10005137258
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Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure
Boot, Arnoud W.A.; Thakor, Anjan V. - Tinbergen Instituut - 2003
In this paper we introduce flexibility as an economic concept and apply it to the firm’ssecurity issuance decision and capital structure choice. Flexibility is the ability to makedecisions that one thinks are best even when others disagree. The firm’s management valuesflexibility because it...
Persistent link: https://www.econbiz.de/10011242147
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Remittances and their Effect on Emigration Intentions in Egypt, Morocco and Turkey
Dalen, Hendrik P. van; Groenewold, George; Fokkema, Tineke - Tinbergen Instituut - 2005
What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration? These two questions are examined empirically in Egypt, Turkey and Morocco for households with family members living abroad. Results show, first, that one cannot clearly...
Persistent link: https://www.econbiz.de/10011255585
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Finance and Growth: A Survey of the Theoretical and Empirical Literature
Eschenbach, Felix - Tinbergen Instituut - 2004
economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial … literature on financial development and endogenous growth pushed the discussion back into the direction initially advocated by … financial development and economic growth. The evidence suggests, however, enormous heterogeneity across countries, regions …
Persistent link: https://www.econbiz.de/10011255816
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Quantifying Productivity Gains from Foreign Investment
Fons-Rosen, Christian; Kalemli-Ozcan, Sebnem; Sorensen, … - Tinbergen Instituut - 2013
domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be …
Persistent link: https://www.econbiz.de/10011256053
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Finance and Growth: A Survey of the Theoretical and Empirical Literature
Eschenbach, Felix - Tinbergen Institute - 2004
economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial … literature on financial development and endogenous growth pushed the discussion back into the direction initially advocated by … financial development and economic growth. The evidence suggests, however, enormous heterogeneity across countries, regions …
Persistent link: https://www.econbiz.de/10005144407