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Corporate Financial Constraints, Bank Governance,and Financial System Stability

Behr, Patrick; Norden, Lars; Noth, Felix - Lehrstuhl für Internationales Bank- und Finanzwesen … - 2010

value and aggregate economic activity. We investigate whether and how bank governance, especially private vs. non …-private bank ownership, affects financial constraints of small and medium-sized enterprises (SMEs). We focus on SMEs because they … are more opaque, bank-dependent and riskier than large firms. Given the significant differences between private and non …

Persistent link: https://www.econbiz.de/10009005132

Trade and competitiveness with other regions

High Level Group on the Competitiveness of the European … - 2009

Persistent link: https://www.econbiz.de/10009635860

Energy, feedstock, infrastructure and logistics

High Level Group on the Competitiveness of the European … - 2008

Persistent link: https://www.econbiz.de/10009635861

Angleichung der Unternehmensverfassung in Europa - ein Forschungsprogramm

Schmidt, Reinhard H.; Grohs, Stefanie - Universität <Frankfurt, Main> / Fachbereich … - 1999

This paper discusses whether, in which respects, and to what extent the corporate governancesystems of Germany, the United Kingdom and France have already converged in the course ofEuropean economic integration, or are likely to converge in the foreseeable future. Wepresent, and attempt to...

Persistent link: https://www.econbiz.de/10005840358

From Sickness to Death: The Financial Viability of the English Friendly Societies And Coming of the Old Age Pensions Act, 1875-1908

Broten, Nicholas - London School of Economics and Political Science - 2010

Traditional theories of the origins of the welfare state have emphasized the financial weakness of Britain’s largest provider of mutual insurance in the late 19th century, the friendly societies. These theories share common implications with contemporary theories of institutional change...

Persistent link: https://www.econbiz.de/10005870390

Social Insurance Regimes: crises and ‘reform’ in the Argentine and Brazil,since c. 1900

Lewis, Colin M.; Lloyd-Sherlock, Peter - London School of Economics and Political Science - 2002

The paper examines the structural and organisational problems of social insurancesystems in Brazil and the Argentine in order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis’ as a modernphenomenon. Similarly,...

Persistent link: https://www.econbiz.de/10005870696

Evolutionary Portfolio Selection with Liquidity Shocks

De Giorgi, Enrico - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004

The wealth dynamics of insurance companies strongly depends on the success of their investment strategies, but also on liquidity shocks which occur during unfavorable years, when indemnities to be paid to the clients exceed collected premia. An investment strategy that does not take liquidity...

Persistent link: https://www.econbiz.de/10005858142

Shareholder vs. Stakeholder: Ökonomische Fragestellungen

Schmidt, Reinhard H.; Weiß, Marco - 2003

Der folgende Beitrag geht der Frage nach, wie die Verteilung von Entscheidungsund Handlungsrechten in Unternehmen im Rahmen der Corporate Governance ausgestaltet werden kann. Im Zentrum der Überlegungen steht die Frage, welcher der am Unternehmen beteiligten Interessengruppen diese Rechte...

Persistent link: https://www.econbiz.de/10005844547

Financing Patterns: Measurement Concepts and Empirical Results

Hackethal, Andreas; Schmidt, Reinhard H. - 2004

A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academicthinking about financing patterns of corporations in different countries. Using flow-of-funds datainstead of balance sheet data, Mayer and others who followed his lead found that internalfinancing is the...

Persistent link: https://www.econbiz.de/10005844569

Corporate Governance in Germany: An Economic Perspective

Schmidt, Reinhard H. - 2003

A financial system can only perform its function of channelling funds from savers toinvestors if it offers sufficient assurance to the providers of the funds that they will reapthe rewards which have been promised to them. To the extent that this assurance is notprovided by contracts alone,...

Persistent link: https://www.econbiz.de/10005844583