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This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for an … to bankruptcy risk but confirm negative size dependence for mature plants, only. Our results corroborate hypotheses … stressing increasing capabilities and positional advantage, both predicting negative age dependence with respect to bankruptcy …
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This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
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This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium effects, such policies also affect non-targeted, high-earning workers. I explore establishment-level outcomes around Germany's 2003 Mini-Job Reform, which entailed a significant...
Persistent link: https://www.econbiz.de/10012493308
decisions of enterprises, or whether bankruptcy probabilities better account for these potential financial risks. … is assumed to be appropriate to proxy for these constraints. However, enterprises that rely on external funds do not only … repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the …
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