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higher risks in the time period 1987-1996. Further tests reveal that for this firms’ size investment and financial risk are …
Persistent link: https://www.econbiz.de/10014608853
Summary The changes in the financial structures of West German industrial enterprises have been investigated in Größl/Stahlecker/Wohlers (2001). The empirical analysis confirmed the hypothesis that small and medium-sized enterprises are confronted with higher - and even rising - financial...
Persistent link: https://www.econbiz.de/10014608854
Summary This paper investigates the borrowing behavior of 2,900 French and 1,300 German firms over the 1987-95 period. Both samples based on data sets of the Banque de France and the Deutsche Bundesbank not only include large but also small and medium-sized enterprises. Applying GMM techniques,...
Persistent link: https://www.econbiz.de/10014608858
dem Hintergrund der Theorie der Unternehmensfinanzierung und im Kontext theoretischer Überlegungen zum Aufbau und zur …
Persistent link: https://www.econbiz.de/10014608859
Purpose The purpose of this paper is to document the relation between investment-cash flow sensitivity and a firm … examine how CSR moderates the sensitivity between investment spending and firm internal funds. Design/methodology/approach The … Euler equation technique approach is applied to test the sensitivity of investment to internally generated funds for a panel …
Persistent link: https://www.econbiz.de/10014941210
Zusammenfassung In dem Beitrag wird das in Deutschland beobachtbare Phänomen der im Vergleich zur Realvermögensbildung überproportionalen Geldvermögensbildung untersucht. Grundlage ist die Finanzierungsrechnung der Deutschen Bundesbank, die eine sektorale Analyse des...
Persistent link: https://www.econbiz.de/10014608799
Summary The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However; the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...
Persistent link: https://www.econbiz.de/10014608780
Abstract From an analysis of the uncertainties, deficiencies and negative effects of the present monetary system the necessity and the requirements for a new monetary order are derived. These requirements are fulfilled by the presented regulations of a monetary order, which is based on the...
Persistent link: https://www.econbiz.de/10014630799
Discusses the limitations of cash as a means of exchange and looks to the digital networks of the future to exploit the new technologies of e‐cash. Highlights the convenience and increasingly widespread use of digital money in business‐to‐consumer and business‐to‐business transactions....
Persistent link: https://www.econbiz.de/10014713621
World. Outlines the foundation, alliance of shareholders and development of Proton World and summarises the initial success … choice for Proton World.  …
Persistent link: https://www.econbiz.de/10014713630