Showing 1 - 10 of 78
market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …
Persistent link: https://www.econbiz.de/10010269128
The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW...
Persistent link: https://www.econbiz.de/10010264956
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial system with a market-dominated system. In the first one...
Persistent link: https://www.econbiz.de/10010435477
Persistent link: https://www.econbiz.de/10011695818
This paper analyses the relationship between past innovation output, competition, and future innovation input in a … dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product …
Persistent link: https://www.econbiz.de/10010300512
competition arising from trade reforms lead to increases in innovation? This paper attempts to examine the link between trade … Licandro (2009, 2010) as guide, a two-stage approach is tested where trade and innovation are linked via competition. A … reduction in tariffs leads to an increase in competition as price cost margins fall due to the increase in the number of players …
Persistent link: https://www.econbiz.de/10011421238
in resolving or channeling the major societal questions. More European competition between universities in education and …
Persistent link: https://www.econbiz.de/10010331415
duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …
Persistent link: https://www.econbiz.de/10011663162
This paper investigates to which extent tough competition impacts on the macroeconomic performance of countries. The … relation between competition and innovation has been investigated intensely in industrial economics. It started with Schumpeter … highest for medium-range competition, but lower for very tough competition as well as for a very lax competitive regime …
Persistent link: https://www.econbiz.de/10011435235