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Koeppl, Thorsten V.; Monnet, Cyril - 2004

Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...

Persistent link: https://www.econbiz.de/10009639429

Mergers and acquisitions and bank performance in Europe

Altunbas, Yener - Marqués-Ibáñez, David - 2004

An unprecedented process of financial consolidation has taken place in the European Union over the past decade. Building on earlier US evidence, we examine the impact of strategic similarities between bidders and targets on post-merger financial performance. We find that, on average, bank...

Persistent link: https://www.econbiz.de/10009639458

Banking consolidation and small business lending

Takáts, Előd - 2004

finance more small firms, but incur higher costs than centralized ones. Small banks are interpreted as a bank with relatively …

Persistent link: https://www.econbiz.de/10009639467

Interbank market integration, loan rates, and firm leverage

Ongena, Steven; Popov, Alexander - 2010

crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European … rapidly integrating markets, firms became substantially overleveraged during the build-up to the crisis. …

Persistent link: https://www.econbiz.de/10009640288

The Future of the European Institute of Innovation and Technology (EIT) : Strategic Issues and Perspectives ; Report by Commissioner Navracsics' High Level Group on the EIT

Europäische Kommission / Generaldirektion Bildung und … - 2016

Persistent link: https://www.econbiz.de/10011576062

Gender equality in the European Union

Europäische Kommission / Generaldirektion Justiz - 2011

Persistent link: https://www.econbiz.de/10011624898

European Instrument for Democracy and Human Rights (EIDHR) : Strategy Paper 2011 - 2013

Europäische Kommission / Generaldirektion Außenbeziehungen - 2010

, the first Strategy Paper, covering the period 2007-2010, was adopted by the European Commission in August 2007, paving the … fulfilled its objectives. Therefore, the Strategy Paper 2011-2013 is in strong continuity with the previous one and contains … only limited changes and amendments. As for the period 2007-2010, the revised EIDHR Strategy Paper retains, for the period …

Persistent link: https://www.econbiz.de/10011887684

How effective is an incremental ACE in addressing the debt bias? : Evidence from corporate tax returns

Branzoli, Nicola - 2018

Persistent link: https://www.econbiz.de/10011936603

The high-yield segment of the corporate bond market

Bondt, Gabe de; Marqués, David - 2004

This study empirically examines the development of the high-yield segment of the corporate bond market in the United States, as a pioneer country, and the United Kingdom and the euro area, as later adopting countries. Estimated diffusion models show for the United States a significant pioneer...

Persistent link: https://www.econbiz.de/10009636536

International taxation and multinational firm location decisions

Barrios, Salvador - 2009

the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the …, possibly reflecting its international discriminatory nature. For the cross-section of multinational firms, we find that parent … firms tend to be located in countries with a relatively low taxation of foreign-source income. Overall, our results show …

Persistent link: https://www.econbiz.de/10009639913