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The determinants of capital structure : some evidence from banks

Gropp, Reint (contributor); Heider, Florian (contributor) - 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/10003671222

ICT and resilience in times of crisis : evidence from cross-country micro moments data

Bertschek, Irene; Polder, Michael; Schulte, Patrick - 2017

unique data set from the Microments Database. Covering 12 countries, 7 industries and the period from 2001 to 2010, the data … allow us to distinguish between ICT-intensive and non-ICT-intensive firms within industries. We find evidence that indeed … particular for firms from service industries. Moreover, ICT-intensive firms were also more successful in introducing process …

Persistent link: https://www.econbiz.de/10011701679

Building and blocking : the two faces of technology acquisition

Grimpe, Christoph (contributor); … - 2008

Gaining access to technological assets and patents, in particular, has long been a major motive and objective for firm acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand, patents can be attractive because of their...

Persistent link: https://www.econbiz.de/10003728399

Employment impacts of EU biofuels policy : combining ottom-up technology information and sectoral market simulations in an input-output framework

Neuwahl, Frederik; Löschel, Andreas; Mongelli, Ignazio; … - 2008

This paper analyses the employment consequences of policies aimed to support biofuels in the European Union. The promotion of biofuel use has been advocated as a means to promote the sustainable use of natural resources and to reduce greenhouse gas emissions originating from transport activities...

Persistent link: https://www.econbiz.de/10003728599

EU emission allowances and the stock market : evidence from the electricity industry

Oberndorfer, Ulrich (contributor) - 2008

This paper constitutes to our best knowledge the first econometric analysis on stock market effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission Allowance (EUA) price developments matter to the stock performance of electricity firms: EUA price changes and...

Persistent link: https://www.econbiz.de/10003745110

Does EU cohesion policy promote growth? : evidence from regional data and alternative econometric approaches

Mohl, Philipp (contributor); Hagen, Tobias (contributor) - 2008

This paper analyses the growth effects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions over the time period 1995-2005. We extend the current literature with regard to at least three aspects: First of all, we extend the time period of investigation, using...

Persistent link: https://www.econbiz.de/10003770912

A new metric for banking integration in Europe

Gropp, Reint (contributor); Kashyap, Anil K. (contributor) - 2008

Most observers have concluded that while money markets and government bond markets are rapidly integrating following the introduction of the common currency in the euro area, there is little evidence that a similar integration process is taking place for retail banking. Data on cross-border...

Persistent link: https://www.econbiz.de/10003784658

Alleviating adverse implications of EU climate policy on competitiveness : the case for border tax adjustments or the clean development mechanism?

Alexeeva-Talebi, Victoria (contributor); … - 2008

policy on energy-intensive and export-oriented industries. The regulatory protection of these industries via subsidies for EU …

Persistent link: https://www.econbiz.de/10003777863

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

Ullrich, Katrin (contributor) - 2006

The confidence that financial markets are able to discipline the debt behaviour of governments is not very high. Therefore, the Stability and Growth Pact has been implemented as an institutional constraint to substitute for the market mechanism. With the weakening of the Pact, market discipline...

Persistent link: https://www.econbiz.de/10003356981

An impact of country-specific economic developments on ECB decisions

Ullrich, Katrin (contributor) - 2006

The discussion about country-specific influence on the interest rate decisions of the European Central Bank does not cease. To investigate the possibility of regional influence on the determination of the policy rate, we estimate Taylor-type reaction functions for the period from 1999 to 2005...

Persistent link: https://www.econbiz.de/10003357001

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