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The paper empirically investigates the monetary transmission mechanism in the Baltic States. The analysis of the transmission channels through which monetary policy shocks are transmitted is particularly important for the European Central Bank that makes monetary policy in an enlarged European...
Persistent link: https://www.econbiz.de/10003273232
Persistent link: https://www.econbiz.de/10001701684
There are noticeable differences between the roles that various forms of credit financing play in family businesses and …
Persistent link: https://www.econbiz.de/10008901888
Many entrepreneurs who close a business are actually willing to venture anew. However, to realize a restart is not only a matter of willingness on the part of the entrepreneur but also of its feasibility. Regarding the feasibility of a restart, the aspect of capital acquisition might be...
Persistent link: https://www.econbiz.de/10003777860
This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
Persistent link: https://www.econbiz.de/10003961525
credit (LOC) and cash are considered in the light of financial flexibility. The major findings obtained by observing US REITs … ; leverage ratio ; lines of credit ; cash & cash equivalents …
Persistent link: https://www.econbiz.de/10009424101
difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of … credit for start-up firms, but that banks rely less on external rating information in their decision making for high … report less difficulties in getting credit. By contrast, a greater expertise of the bank in the firm’s industry is not …
Persistent link: https://www.econbiz.de/10009540878
We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent …
Persistent link: https://www.econbiz.de/10011798962
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095