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Determinants of Credit Constrained Firms: Evidence from Central and Eastern Europe Region
Thomadakis, Apostolos - 2016
Based on survey data covering 6,547 firms in 10 Central and Eastern European countries we examine the impact of the banking sector environment, as well as the institutional and regulatory environment, on credit constrained firms. We find that small and foreign-owned firms are less likely to...
Persistent link: https://www.econbiz.de/10013370124
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Does it pay to read your junk mail? Evidence of the effect of advertising on home equity credit choices
Agarwal, Sumit; Ambrose, Brent W. - 2008
We examine the effect of direct mail (commonly referred to as junk mail) advertising on individual financial decisions by studying consumer choice of home equity debt contracts. Consistent with the theoretical predictions, we find that financial variables underlying the relative pricing of debt...
Persistent link: https://www.econbiz.de/10010292175
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Structured Microfinance in China
Byström, Hans - 2007
In this paper we discuss the potential for commercial microfinance in China. Particular emphasis is put on … securitization of microloans and on structured microfinance in a China context. Three particular factors that we believe could … side, structured microfinance could be an important tool for fighting unemployment in China. It could also be used to …
Persistent link: https://www.econbiz.de/10013208521
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Lending for Growth? An Analysis of State-Owned Banks in China
Andersson, Fredrik N. G.; Burzynska, Katarzyna; Opper, Sonja - 2013
This paper provides the first comparative analysis of different types of publicly owned banks operating in China … between 1997 and 2008. Using principal component analysis and Granger-causality tests, this study shows that China's state … commercial banks did promote domestic growth. China's experience presents a more nuanced picture of state banking that goes …
Persistent link: https://www.econbiz.de/10013208648
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Driving to drink: Tax avoidance along the Washington-Oregon border
LoPiccalo, K. - 2016
This paper uses store-level data on consumer liquor revenues and volume sales in Oregon to estimate the effect of state tax differentials on consumer demand. Liquor privatization in Washington led to higher prices from new taxes. I calculate the impact of tax incidence on tax avoidance using...
Persistent link: https://www.econbiz.de/10011564645
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Competitive dynamics across industries: An analysis of inter-industry competition in German passenger transportation
Albers, Sascha; Heuermann, Caroline - 2012
Whereas analyses of competitive dynamics have hitherto focused on analysing the effects of intra-industry interaction on firm performance, we explore and analyse competition between actors that stem from different industries. This inter-industry focus is novel and interesting, as it allows the...
Persistent link: https://www.econbiz.de/10010309822
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Merger negotiations and ex-post regret
Gärtner, Dennis; Schmutzler, Armin - 2007
We consider a setting in which two potential merger partners each possess private information pertaining both to the profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes ex-post regret an unavoidable phenomenon in...
Persistent link: https://www.econbiz.de/10010315578
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Merge or fail? The determinants of mergers and bankruptcies in Switzerland, 1995-2000
Buehler, Stefan; Kaiser, Christian; Jaeger, Franz - 2005
This paper examines the determinants of mergers and bankruptcies, using firm level data from the Swiss Business Census and the Dun & Bradstreet exit database for Switzerland (1995-2000). Employing duration analysis, we find considerable differences in the determinants of mergers and...
Persistent link: https://www.econbiz.de/10010315602
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Bargaining and Strategic Discrimination
Björnerstedt, Jonas; Westermark, Andreas - 2006
In bargaining between two sellers and one buyer on prices and quantities, strategic inefficiencies arise. By reallocating between the last agreement and the first, the buyer can increase it's share of the surplus. With symmetric sellers producing substitutes, the quantities in the first...
Persistent link: https://www.econbiz.de/10010321645
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Times are a changin'? The emergence of new firms and rank persistence
Schneck, Stefan - 2018
Young firms are known to grow at a faster rate than incumbents. With administrative firm data from Germany, we show that the higher growth rates indeed translate into upward mobility within the firm size distribution. Young firms are therefore not only able to catch up, but also to grow larger...
Persistent link: https://www.econbiz.de/10011779787