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From soft and hard-nosed bankers : bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10003893124
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The shadow of death : an empirical analysis of the pre-exit performance of young German firms
Almus, Matthias - 2000
This paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to...
Persistent link: https://www.econbiz.de/10011444910
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Corporate monitoring by blockholders in Europe : empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK
Dherment-Ferere, Isabelle; Köke, F. Jens; Renneboog, Luc - 2001
creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …
Persistent link: https://www.econbiz.de/10011446114
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Estimating consumer damages in cartel cases
Laitenberger, Ulrich; Smuda, Florian - 2013
We use consumer panel data to calculate the damage suffered by German consumers due to a detergent cartel that was active between 2002 and 2005 in eight European countries. Applying before-and-after and difference-in-differences estimations we find average overcharges between 6.7 and 6.9 percent...
Persistent link: https://www.econbiz.de/10010128730
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Haftungsregeln und Innovation
Czarnitzki, Dirk; Kraft, Kornelius - 2000
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity … involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits … will be more difficult to receive if liability is limited. The paper first discusses these issues theoretically and then …
Persistent link: https://www.econbiz.de/10011444773
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German public finances through the financial crisis
Blömer, Maximilian (contributor) - 2015
The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was … situation and how the crisis unfolded in Germany, before focusing on the situation of public finances. Finally, we analyse the …
Persistent link: https://www.econbiz.de/10011286043
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Moving in and out of financial distress : evidence for newly founded service sector firms
Kaiser, Ulrich - 2001
founded between 1994 and 1999. The estimation results indicate that the effect of limited liability depends upon firms …
Persistent link: https://www.econbiz.de/10011445915
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The effects of cartel damage compensations
Hunold, Matthias - 2013
Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel,...
Persistent link: https://www.econbiz.de/10010194468
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A primer on damages of cartel suppliers : determinants, standing US vs. EU and econometric estimation
Bueren, Eckart; Smuda, Florian - 2013
While private actions for damages by customers against price-cartels receive much attention, the treatment of other groups affected by such conspiracies is largely unresolved. This article narrows the research gap with respect to suppliers to a downstream price cartel. First, we show that such...
Persistent link: https://www.econbiz.de/10009787408
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A primer on damages of cartel suppliers : determinants, standing US vs. EU and econometric estimation
Bueren, Eckart; Smuda, Florian - 2014 - First version: August 2013, this version: September 2014
, with exemplary looks at England and Germany, thereby delineating the boundaries of the right to damages in different legal …
Persistent link: https://www.econbiz.de/10010468358