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The response of firms‘ investment and financing to adverse cash flow shocks: the role of bank relationships
Fuss, Catherine; Vermeulen, Philip - 2006
We test whether firms with a single bank are better shielded from loss of credit and investment cuts in periods of adverse cash flow shocks than firms with multiple bank relationships. Our estimates of the cash flow sensitivity of investment show that both types of firms are equally subject to...
Persistent link: https://www.econbiz.de/10011604704
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Sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition
Du Caju, Philip; Fuss, Catherine; Wintr, Ladislav - In: Journal for Labour Market Research 45 (2012) 1, pp. 7-22
-employee dataset for Belgium over the period 1990 - 2002. Our results indicate that downward real wage rigidity is significantly higher …
Persistent link: https://www.econbiz.de/10011650754
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Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure
Du Caju, Philip; Fuss, Catherine; Wintr, Ladislav - 2007
in Belgium over the period 1990-2002. Our results show that Belgium is characterised by strong real wage rigidity and …
Persistent link: https://www.econbiz.de/10011604886
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How do firms adjust their wage bill in Belgium? A decomposition along the intensive and extensive margins
Fuss, Catherine - 2008
matched with firms' annual accounts for Belgium over the period 1997-2001. Results point to asymmetric behaviour depending on …
Persistent link: https://www.econbiz.de/10011604900
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Understanding sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition
Du Caju, Philip; Fuss, Catherine; Wintr, Ladislav - 2009
) developed by Dickens and Goette (2006) and rely on a large administrative matched employer-employee dataset for Belgium over the …
Persistent link: https://www.econbiz.de/10011605052
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Rigid labour compensation and flexible employment? Firm-level evidence with regard to productivity for Belgium
Fuss, Catherine; Wintr, Ladislav - 2009
Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real …
Persistent link: https://www.econbiz.de/10011605067