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The threat of capital drain : a rationale for public banks?
Hakenes, Hendrik; Schnabel, Isabel - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...
Persistent link: https://www.econbiz.de/10010373500
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The threat of capital drain: a rationale for public banks?
Hakenes, Hendrik; Schnabel, Isabel - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...
Persistent link: https://www.econbiz.de/10010264789
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The Threat of Capital Drain: A Rationale for Public Banks?
Hakenes, Hendrik; Schnabel, Isabel - Max-Planck-Institut zur Erforschung von … - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...
Persistent link: https://www.econbiz.de/10005612394
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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/10010299467
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The big sell : privatizing East Germany's economy
Mergele, Lukas; Hennicke, Moritz; Lubczyk, Moritz - 2020
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012287328
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Outsourcing public services : contractibility, cost, and quality
Andersson, Fredrik N. G.; Jordahl, Henrik; Josephson, Jens - 2019
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012022711
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Outsourcing Public Services: Contractibility, Cost, and Quality
Andersson, Fredrik; Jordahl, Henrik; Josephson, Jens - 2019
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012059131
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Helping hand or grabbing hand? State bureaucracy and privatization effectiveness
Brown, J. David; Earle, John S.; Gehlbach, Scott - 2009
privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and … employing a multilevel research design that controls for pre-privatization selection in the estimation of regional privatization … effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find …
Persistent link: https://www.econbiz.de/10010269020
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The big sell: Privatizing East Germany's economy
Hennicke, Moritz; Lubczyk, Moritz; Mergele, Lukas - 2020
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012288088
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The Big Sell: Privatizing East Germany's Economy
Mergele, Lukas; Hennicke, Moritz; Lubczyk, Moritz - 2020
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012314853