Showing 1 - 10 of 956
impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S. and (3 … covering the period from 1984-2010 for Germany respectively 1992-2011 for the U.S. and apply system GMM in order to solve … Germany. A differentiation between imported intermediates (efficient sourcing strategy) and final inputs (competition) reveals …
Persistent link: https://www.econbiz.de/10011897992
The deductibility of interest expenses from the corporate tax base creates an incentive for acquiring companies to finance a takeover with debt. In this paper, I investigate the impact of profit taxation on the financing decision in corporate acquisitions for the first time for a sample of...
Persistent link: https://www.econbiz.de/10010258801
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …
Persistent link: https://www.econbiz.de/10003670896
This paper investigates the role intangible capital plays for economic growth in different sectors in Germany. It … Germany. In nearly all sectors investments in design and computerized information are larger in the UK. In contrast, German …
Persistent link: https://www.econbiz.de/10010385066
verbreiteten Konzept der effektiven Grenzsteuerbelastung steht. Ein Vergleich mit tariflichen Steuersätzen deutet auf steuerliche … effective marginal tax rates and thus can show whether an investment is favoured or discriminated against by a simple comparison …
Persistent link: https://www.econbiz.de/10011446142
Persistent link: https://www.econbiz.de/10002240550
Persistent link: https://www.econbiz.de/10001945539
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
We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs of borrowing in both markets. For term loans, U.S. firms pay significantly higher...
Persistent link: https://www.econbiz.de/10011436380
In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...
Persistent link: https://www.econbiz.de/10003941710