Showing 1 - 10 of 670
crisis. Against this background, in the present paper we contribute to the existing literature in a twofold way: First, by …
Persistent link: https://www.econbiz.de/10009792244
to the 2008 crisis and to determine whether the ex-ante differences in corporate financial structure had an impact on the … severity of the 2008 financial crisis in European countries. The analysis confirms a negative relationship between the … corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …
Persistent link: https://www.econbiz.de/10010188209
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
Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
Persistent link: https://www.econbiz.de/10009639913
Persistent link: https://www.econbiz.de/10009661740
Persistent link: https://www.econbiz.de/10010343061
Persistent link: https://www.econbiz.de/10010436125
Persistent link: https://www.econbiz.de/10010436127
Persistent link: https://www.econbiz.de/10003904308
In this paper we describe a theoretical model of optimal investment of various types of financially constrained firms. We show that the resulting relationship between internal funds and investment is non-monotonic. In particular, the magnitude of the cash flow sensitivity of the investment is...
Persistent link: https://www.econbiz.de/10003435432