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of the United States, Canada and Germany to data risks posed by popular apps such as FaceApp, Facebook, Strava, TikTok …
Persistent link: https://www.econbiz.de/10014565881
This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have...
Persistent link: https://www.econbiz.de/10010298024
This paper examines the interplay between the real and financial decisions of the competitive firm under output price uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm always chooses its optimal debt-equity ratio to...
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, Germany provides a very fruitful research environment as it (i) traditionally has a bank-based financial system and (ii …
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a comparison between theoretical predictions and empirical results. Implications are identified in terms of promising …
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We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10010286852
(Chile, Great Britain and Sweden) and left out similar reforms introduced in similar situations, like in Hungary, Poland and …
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Bisherige Evidenz über Kapitalstrukturunterschiede zwischen Deutschland und den USA deutet auf eine durchschnittlich … höhere Verschuldung deutscher Unternehmen hin. Die vergangenen Jahre waren in Deutschland jedoch durch eine Förderung der …Existing comparative evidence on corporate capital structure decisions in the U.S. and Germany traditionally reveals …
Persistent link: https://www.econbiz.de/10010377774