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The Determinants of Capital Structure: Some Evidence from Banks

Heider, Florian; Gropp, Reint E. - 2008

This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have...

Persistent link: https://www.econbiz.de/10010298024

The Determinants of Capital Structure: Some Evidence from Banks

Heider, Florian; Gropp, Reint - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

Persistent link: https://www.econbiz.de/10005097682

Schutz der Robo Advisor vor Marktbarrieren: Zugriffsrechte auf Banken-Schnittstellen?

Franck, Jens-Uwe; Linardatos, Dimitrios - 2019

Die Entwicklung des Robo Advice bietet bankenunabhängigen FinTechs die Chance, sich Anteile am Markt für Anlageberatung, Vermittlung und Verwaltung von Finanzinstrumenten zu erobern. Dauerhaft werden sie sich allerdings nur dann als unabhängige Anbieter behaupten können, wenn ihnen alle...

Persistent link: https://www.econbiz.de/10012119074

Patent collateral and access to debt

Bracht, Felix; Czarnitzki, Dirk - 2022

between borrowers and lenders, we quantify the value of using patents as collateral with regard to capital access. Although … patent collateral and access to capital. We make use of mandatory collateral registry data in Sweden and the Netherlands to …-in-difference regressions on firms' debt allows deducting treatment effects of using patents as collateral. We find that patent pledging enables …

Persistent link: https://www.econbiz.de/10013348849

Market discipline and the use of government bonds as collateral in the EMU

Ullrich, Katrin - 2006

accepts all European government bonds without distinction in its monetary policy auctions as collateral. This could provide …

Persistent link: https://www.econbiz.de/10010297817

Market discipline and the use of government bonds as collateral in the EMU

Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

accepts all European government bonds without distinction in its monetary policy auctions as collateral. This could provide …

Persistent link: https://www.econbiz.de/10005098173

Trade secret protection and R&D investment of family firms

Hussingera, Katrin; Issahd, Wunnam - 2022

Family firms are known for their reluctance to invest in research and development. We show that strengthened trade secret protection is associated with higher R&D investment by family firms. More specifically, we show that the association between the strength of trade secret protection through...

Persistent link: https://www.econbiz.de/10013412960

The effect of staged projekt management on product innovation: Evidence from a firm survey

Haneda, Shoko; Kurihara, Koki; Ono, Arito - 2023

This study examines whether staged project management is beneficial or harmful for making product innovations. Using a unique firm urvey for Japan, we find that firms that employed staged project management had a higher likelihood of introducing new products to the market. Additional estimations...

Persistent link: https://www.econbiz.de/10014309890

The interdependence of R&D activity and debt financing of young firms

Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2012

We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...

Persistent link: https://www.econbiz.de/10010308270

Corporate main bank decision

Höwer, Daniel - 2013

Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is attractive for high risk firms since it improves their access to finance and provides liquidity insurance. Low risk firms instead may not want to bear the additional costs. I employ...

Persistent link: https://www.econbiz.de/10010311885