Narrow search
Showing 1 - 10 of 93
Cover Image
Banks and Labor as Stakeholders : Impact on Economic Performance
Claessens, Stijn - 2014
The stakeholder view of corporate governance, especially when based on incomplete-contracts theory, suggests that stakeholders' relative bargaining powers affect overall firm performance. We investigate this utilizing a natural experiment in the U.S. Specifically, we study the impact of bank...
Persistent link: https://www.econbiz.de/10013070340
Cover Image
Financial Frictions, Investment, and Institutions
Claessens, Stijn; Ueda, Kenichi; Yafeh, Yishay - C.E.P.R. Discussion Papers - 2010
frictions using a canonical investment model. We consider two channels by which frictions affect investment: (i) through … frictions, institutions affect investment. We find that improved corporate governance (e.g., less severe informational problems …) and enhanced contractual enforcement reduce financial frictions affecting investment, while stronger creditor rights (e …
Persistent link: https://www.econbiz.de/10008784722
Cover Image
Institutions, Financial Frictions, and Investment : Estimation with Structural Restrictions
Claessens, Stijn - 2012
We investigate the relations among country-specific institutions, financial frictions, and firm-level investment …) on firm investment through two channels: the cost of capital at the firm (micro) level; and the required rate of return …: (i) country-level institutions affect firms' investment behavior; (ii) shareholder rights affect financial frictions and …
Persistent link: https://www.econbiz.de/10013106677
Cover Image
Impact of foreign banks
Claessens, Stijn; Horen, Neeltje van - 2013
Persistent link: https://www.econbiz.de/10009701665
Cover Image
Foreign direct investment : who cares about ownership?
Mayer, Colin P. - In: Foreign direct investment in the real and financial …, (pp. 245-272). 2003
Persistent link: https://www.econbiz.de/10001762481
Cover Image
Impact of Foreign Banks
Claessens, Stijn - 2017
This paper provides a critical assessment of the costs and benefits of foreign bank ownership. It reviews the extensive literature on the impact of foreign banks and uses a unique database on bank ownership, covering 129 countries, to (re-)examine a number of the issues discussed. It documents...
Persistent link: https://www.econbiz.de/10012942961
Cover Image
Impact of Foreign Banks
Claessens, Stijn - 2013
This paper provides a critical assessment of the costs and benefits of foreign bank ownership. It reviews the extensive literature on the impact of foreign banks and uses a unique database on bank ownership, covering 129 countries, to (re-)examine a number of the issues discussed. It documents...
Persistent link: https://www.econbiz.de/10013087268
Cover Image
Access to financial services: a review of the issues and public policy objectives
Claessens, Stijn - In: Journal of Financial Transformation 17 (2006), pp. 16-19
investment opportunities. Yet, access to finance is limited in many developing countries to few individuals and firms. Policy …
Persistent link: https://www.econbiz.de/10004985632
Cover Image
Cryptocurrency Market Reactions to Regulatory News
Auer, Raphael A.; Claessens, Stijn - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012207993
Cover Image
Cryptocurrency market reactions to regulatory news
Auer, Raphael A.; Claessens, Stijn - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012205633