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Internal sources of finance and the great recession
Barnes, Michelle L.; Pancost, N. Aaron - 2010
The rising stockpile of cash as a share of total assets at U.S. firms has intrigued economists since at least the paper of Bates, Kahle, and Stulz (2006), yet there has been relatively little work on where this cash has come from and how it is related to investment performance. We exploit...
Persistent link: https://www.econbiz.de/10010280899
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Limited financial market participation: A transaction cost-based explantation
Paiella, Monica - 2001
This paper focuses on the issue of limited financial market participation and determines a lower bound on the level of fixed transaction costs that are required to reconcile observed portfolio choices with asset returns within an isoelastic utility framework. The bound is determined from the set...
Persistent link: https://www.econbiz.de/10010293023
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Global Climate Policy and Corresponding Activities on a City-Level
Sippel, Maike - 2004
Cities are not affected by global climate policy and the Kyoto Protocol – however many of them engage in voluntary activities. This paper analyses how communities in general and especially the city of Hamburg can contribute to global climate protection in their citypartnerships according to...
Persistent link: https://www.econbiz.de/10010295413
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Competition intensity, potential competition and transaction cost economics
Busse, Matthias - 2002
Determinanten des Globalisierungsgrades einer Branche ist die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen … tendenziell zu globalisierten Märkten, hohe Transaktionskosten entsprechend zu segmentierten Märkten. Hinzu kommt, dass … Transaktionskosten auch Auskunft über den Grad des potentiellen Wettbewerbs geben können. Damit erhalten Wettbewerbsbehörden einen …
Persistent link: https://www.econbiz.de/10010295506
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Transaktionskosten und Wettbewerbspolitik
Busse, Matthias - 2001
Branche vor allem durch die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen tendenziell zu globalisierten … Märkten, hohe Transaktionskosten zu segmentierten Märkten. Damit kommt den Transaktionskosten eine erhebliche Bedeutung im … Determinanten zu beachten. Zudem sind die Transaktionskosten nur relativ ungenau zu berechnen, weshalb dieser Ansatz nicht allgemein …
Persistent link: https://www.econbiz.de/10010295596
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Conflict of law rules and international trade : a transaction costs approach
Kirstein, Roland; Schmidtchen, Dieter; Neunzig, Alexander R. - 2004
Der Beitrag stellt eine auf der Transaktionskosten-Ökonomik basierende Analyse von Kollisionsnormen vor. Hierzu wird …
Persistent link: https://www.econbiz.de/10010296890
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The Role of Transaction Costs and Risk Premia in the Determination of Climate Change Policy Responses
Stronzik, Marcus; Hunt, Alistair; Eckermann, Frauke; … - 2003
Transaction costs and risk have generally not been taken into account in assessing the Kyoto mechanisms JI, CDM and emissions trading. However, they can have a significant influence. With regard to the project-based mechanisms, the factor that most determines the influence of transaction costs...
Persistent link: https://www.econbiz.de/10010297308
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Credit access and borrowing costs in Poland's agricultural credit market: a hedonic pricing approach
Petrick, Martin; Latruffe, Laure - 2003
den nominalen Zinssatz als auch zusätzliche Transaktionskosten umfasst, werden die Determinanten der Kreditkosten … die Wirkung der staatlichen Zinssubventionierung durch gesteigerte Transaktionskosten und adverse Selektion von …
Persistent link: https://www.econbiz.de/10010299404
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Ownership strategies in post-financial crisis Southeast Asia: The case of Japanese firms
Kawai, Norifumi; Jonas, Manja - 2007
Existing research on entry mode determinants is firmly grounded in the transaction cost and resource-based literature while location-and institution-specific characteristics lack attention. The primary goal of this article is to address the determinants of entry mode by Japanese manufacturing...
Persistent link: https://www.econbiz.de/10010302283
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The Impact of Infrastructure on Agricultural Productivity
Llanto, Gilberto M. - 2012
Recent literature indicates the significant role played by rural infrastructure in improving agricultural productivity in developing economies. While the availability and quality of rural infrastructure are never substitutes to efficient macroeconomic and agriculture-specific policies and the...
Persistent link: https://www.econbiz.de/10011421248