Showing 1 - 10 of 2,143
The paper empirically investigates credit access and borrowing costs in Poland's rural financial market. We conduct an econometric analysis based on cross-sectional survey data including formal loans taken in the period 1997-1999. A hedonic regression of the effective interest rate, comprising...
Persistent link: https://www.econbiz.de/10008526790
The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross-sectional sample of Polish farm household data....
Persistent link: https://www.econbiz.de/10008526828
This empirical study aims to shed light on the dynamic linkages between innovation and efficiency at individual farm level. We use a comprehensive dataset for dairy farms in Germany for the period 1995 to 2010. Based on a directional distance function framework we estimate the changes in...
Persistent link: https://www.econbiz.de/10011070497
The paper assesses the performance of Water User Associations (WUAs) in the Republic of Macedonia. We assess performance in terms of membership rates, the satisfaction of members with their WUA and payment behaviour. Econometric analysis reveals that membership and satisfaction are positively...
Persistent link: https://www.econbiz.de/10011143169
, in denen Kooperation in Form von „Kollusion“ oder „Fusion“ für die kooperierenden Unternehmen profitabel ist. …In vielen Gütermärkten erfolgt der Wettbewerb zwischen Unternehmen nicht primär über Preise und Mengen, sondern über … Unternehmen in solchen Märkten kooperieren, müssen sie entscheiden, ob sie ihre gesamte Produktpalette beibehalten und ihre …
Persistent link: https://www.econbiz.de/10009367922
(VF)À partir du cas d’une fusion entre une grande entreprise et une start-up dans le secteur des TIC, cet article met … amené les dirigeants à opter pour un troisième modèle de type symbiotique (phase 3). (VA)This article explores the merger of …
Persistent link: https://www.econbiz.de/10005042534
Unternehmen vor der Fusion. Wir zeigen in dieser Arbeit, dass horizontale Fusion von Unternehmen aus diesen Gründen profitabel für … die fusionierenden Unternehmen und wohlfahrtserhöhend wirken kann, selbst dann, wenn es durch die Fusion keinerlei … verbesserte Informationsfluss zwischen Unternehmensteilen des durch die Fusion entstehenden Konzerns im Vergleich zum …
Persistent link: https://www.econbiz.de/10009370662
The phenomena of IPO underpricing and underperformance are examined in the same rational model. In this model, underpricing is caused by the presence of uninformed investors. Low-type firms carry out an IPO under the same conditions as high-type firms. Instead of investing by themselves, the...
Persistent link: https://www.econbiz.de/10010937183
Dennis Mueller's paper raises a puzzle. Economies of scale and market power do not explain the very large size of firms in the oil and gas industry. At the same time, managers of large cash-rich firms are tempted to invest in substandard projects and firms, e.g. via mergers. This should spell...
Persistent link: https://www.econbiz.de/10010691793
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...
Persistent link: https://www.econbiz.de/10005836119