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We develop a model predicting two channels through which creditor protection enhances the performance of stock prices: (1) The probability of a liquidity crisis leading to a binding investment-finance constraint falls with a strong protection of creditors; (1) The stock prices under the...
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its infancy in Germany compared to other EU countries, there are some examples that show how green budgeting elements can …
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burdens of companies in 13 countries (Austria, Belgium, the Czech Republic, France, Germany, Hungary, Ireland, Latvia, the …
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This Policy Contribution reproduces the text of a letter sent by Senior Fellow Nicolas Véron to Gerrit Zalm, the Chairman of the International Accounting Standards Committee Foundation (IASCF) in response to the Foundation's public consultation on Part 2 of its Constitution Review. Véron...
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Intensiv wird zurzeit diskutiert, das gewerbesteuerliche Bankenprivileg (§ 19 GewStDV) auf Leasing- und Factoringgesellschaften auszuweiten und im Gegenzug diese Unternehmen auch von der Bankenaufsicht zu erfassen. Leasing wurde durch die Unternehmensteuerreform im Vergleich zu anderen...
Persistent link: https://www.econbiz.de/10010309657
The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a common modelling approach and the same theoretical...
Persistent link: https://www.econbiz.de/10011604700