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Credit constraints, firm investment and growth : evidence from survey data

García-Posada, Miguel - 2018

We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from the Survey on the access to finance of enterprises...

Persistent link: https://www.econbiz.de/10011792068

Dynamic carbon emission management

Bustamante, Maria Cecilia; Zucchi, Francesca - 2024

The control of carbon emissions by policymakers poses the corporate challenge of developing an optimal carbon management policy. We provide a unified model that characterizes how firms should optimally manage emissions through production, green investment, and the trading of carbon credits. We...

Persistent link: https://www.econbiz.de/10014484214

Return to retail banking and payments

Hasan, Iftekhar; Schmiedel, Heiko; Song, Liang - 2009

The European banking industry joined forces to achieve a fully integrated market for retail payment services in the euro area: the Single Euro Payments Area (SEPA). Against this background, the present paper examines the fundamental relationship between retail payment business and overall bank...

Persistent link: https://www.econbiz.de/10003969424

Efficiency and risk in european banking

Fiordelisi, Franco; Marqués Ibáñez, David; Molyneux, … - 2010

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...

Persistent link: https://www.econbiz.de/10003973573

Real versus financial frictions to capital investment

Bayraktar, Nihal (contributor); … - 2005

We formulate and estimate a structural model of firm investment behavior that specifies the exact channel through which financial frictions bite. The model also allows for the existence of both convex and non-convex costs to adjusting capital. Essentially, we move beyond simply testing and...

Persistent link: https://www.econbiz.de/10003230449

Mergers and acquisitions and bank performance in Europe : the role of strategic similarities

Altunbas, Yener (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002554925

Monetary policy and bank equity values in a time of low interest rates

Ampudia, Miguel; Heuvel, Skander van den - 2018

This paper examines the effects of monetary policy on the equity values of European banks. We identify monetary policy shocks by looking at changes in the EONIA one-month and two-year swap contract rates during narrow windows around the press statements and press conferences announcing monetary...

Persistent link: https://www.econbiz.de/10011928956

Cyclical systemic risk and downside risks to bank profitability

Lang, Jan Hannes; Forletta, Marco - 2020

This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel …

Persistent link: https://www.econbiz.de/10012216407

Monetary policy and bank profitability in a low interest rate environment

Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis - 2017

We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical … profitability are asymmetrically affected by accommodative monetary conditions, with a positive impact on loan loss provisions and … higher increase in profitability after a steepening of the yield curve. Finally, we assess the impact of unconventional …

Persistent link: https://www.econbiz.de/10011732734

A stochastic forward-looking model to assess the profitability and solvency of European insurers

Berdin, Elia; Kok Sørensen, Christoffer; Pancaro, Cosimo - 2017

In this paper, we develop an analytical framework for conducting forward-looking assessments of profitability and … developments and stochastic claims. The model highlights the potential threats to insurers solvency and profitability stemming from …

Persistent link: https://www.econbiz.de/10011637362