Showing 1 - 10 of 6,733
This study provides new evidence on the impact of governance on the performance of privately defined contribution pension plans. Using a hand collected data set on governance factors, the study shows that the external and internal governance mechanisms in pension plans are weak. One explanation...
Persistent link: https://www.econbiz.de/10010436029
Objective: The aim of this article is to evaluate alternative finance for the implementation of the basic assumptions and goals of sustainable development.Methodology: Using the comparative analysis the most frequent mentioned forms of alternative finance have been assessed. The analysis took...
Persistent link: https://www.econbiz.de/10012427233
Using unique micro-data on German firms, this paper estimates the effect of restrictive bank lending on innovation. In … restrictive bank lending increases a firm’s probability of discontinuing innovation projects by 21.6 percentage points. …
Persistent link: https://www.econbiz.de/10010285352
behaviour and distinguish between dierent innovation regimes. On the basis of a set of simulations of this model we derive a …
Persistent link: https://www.econbiz.de/10010297665
This paper investigates the impact of the financial crisis on investment decisions in innovative versus non-innovative firms. Firms are defined as being innovative if they have introduced a new product to the market. The empirical test is based on data for the years before and after the recent...
Persistent link: https://www.econbiz.de/10011335977
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10010333391
at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …
Persistent link: https://www.econbiz.de/10012698577
Identifying the intersection between digital finance, green finance and social finance is important for promoting sustainable financial, social and environmental development. This paper suggests a link between digital finance, green finance and social finance. Using a simple conceptual model, I...
Persistent link: https://www.econbiz.de/10013466265
restrictive bank lending on firm innovation. …
Persistent link: https://www.econbiz.de/10010377985
this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order … to bring a lawsuit. We show that, under this legal regime, managers will collude with large shareholders by means of … settlements or bribes that impose a negative externality on small shareholders. Contrary to conventional agency models, we find …
Persistent link: https://www.econbiz.de/10010270439