We analyze the relationship between performance and board composition of Dutch listed firms. Since the Netherlands has a two-tier board structure, we analyze both the impact of the size of the management board and the supervisory board. The supervisory board plays a role in (anti-) investor...

The paper tests a standard real options model of investment using a data set of listed Dutch manufacturing firms over the period of 1984-1997. The threshold value that triggers investment is based on the historical distribution of the profit process and the risk-adjusted discount rate of the...

We show by means of a bank relationship model that after monetary policy tightening, public firms (having easier access to public capital markets) are more likely to decrease their demand for bank loans than private firms (which are typically more dependent on bank credit and benefit more from...

This paper contributes to the empirical evidence on the credit channel of monetary policy in the euro area by providing firm level evidence on the relation between the impact of monetary policy on firm balance sheets and the corporate governance characteristics of the firms. A sample of half a...

The performance of the Netherlands central bank and its monetary policy in the face of its inability to control monetary supply is analysed through a structural model. Findings show that the monetary policy that the Dutch bank has adopted, considering the above constraint, should be fairly...

The performance of the Netherlands central bank and its monetary policy in the face of its inability to control monetary supply is analysed through a structural model. Findings show that the monetary policy that the Dutch bank has adopted, considering the above constraint, should be fairly...