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Short-termism and the market for corporate control
Schnitzer, Monika - In: Firms, markets and contracts : contributions to …, (pp. 36-58). 1996
Persistent link: https://www.econbiz.de/10001293213
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Finanzierung von Zukunftsinvestitionen : pragmatische Lösungen sind gefragt
Schnitzer, Monika; Truger, Achim - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 1, pp. 11-14
Since the new German federal government has imposed tight fiscal policy restrictions on itself, a pragmatic approach is needed to finance the spending requirements of the transformation. The financing instruments mentioned in the coalition agreement appears to be suitable in principle for...
Persistent link: https://www.econbiz.de/10012813364
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Who is afraid of political risk? Multinational firms and their choice of capital structure
Kesternich, Iris; Schnitzer, Monika - 2009
leverage can both increase or decrease, depending on the type of political risk. Using the Microdatabase Direct Investment of …
Persistent link: https://www.econbiz.de/10010298749
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When is FDI a Capital Flow?
Marin, Dalia; Schnitzer, Monika - 2006
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … across countries. Frequently, foreign direct investment is financed in the host country without an international capital … movement. We develop a model in which the optimal choice of financing an international investment trades off the relative costs …
Persistent link: https://www.econbiz.de/10010333841
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Creditor Rights and Debt Allocation within Multinationals
Akbel, Basak; Schnitzer, Monika - 2009
We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...
Persistent link: https://www.econbiz.de/10010334120
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Who is Afraid of Political Risk? Multinational Firms and their Choice of Capital Structure
Kesternich, Iris; Schnitzer, Monika - 2007
, depending on the type of political risk. Using the Microdatabase Direct Investment of the Deutsche Bundesbank, we find …
Persistent link: https://www.econbiz.de/10010334158
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When is FDI a Capital Flow?
Marin, Dalia; Schnitzer, Monika - 2006
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … across countries. Frequently, foreign direct investment is financed in the host country without an international capital … movement. We develop a model in which the optimal choice of financing an international investment trades off the relative costs …
Persistent link: https://www.econbiz.de/10010427477
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Who is afraid of political risk?Multinational firms and their choiceof capital structure
Kesternich, Iris; Schnitzer, Monika - Volkswirtschaftliches Forschungszentrum <Frankfurt, Main> - 2009
leverage can both increaseor decrease, depending on the type of political risk. Using the MicrodatabaseDirect Investment of the …
Persistent link: https://www.econbiz.de/10005866245
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Who is afraid of political risk? : multinational firms and their choice of capital structure
Kesternich, Iris; Schnitzer, Monika - 2009
leverage can both increase or decrease, depending on the type of political risk. Using the Microdatabase Direct Investment of …
Persistent link: https://www.econbiz.de/10003811124
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Creditor rights and debt allocation within multinationals
Akbel, Basak; Schnitzer, Monika - 2009
We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...
Persistent link: https://www.econbiz.de/10003935683