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Real effects of investement banking relationships : evidence from the financial crisis
Oesch, David; Schuette, Dustin; Walter, Ingo - 2014 - This version: 5 February 2014
In this paper, we investigate the damage to real-sector investment spending and corporate financing activities … triggered by the failure of three major investment banks during the 2007-09 financial crisis. We find that firms characterized … by pre-crisis corporate investment banking relationships with troubled investment banks exhibit significantly lower post …
Persistent link: https://www.econbiz.de/10010410832
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Inventory Productivity and Stock Returns in Manufacturing Networks
Agrawal, Deepak; Osadchiy, Nikolay - 2022
We provide a novel, supply network-based perspective on inventory productivity and incentives for its improvement. Using data from 2003 to 2019, we find that inventory productivity reduces materially and statistically significantly for firms located upstream in the supply network, and increases...
Persistent link: https://www.econbiz.de/10013404248
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Chapter 65 Microeconometric Models of Investment and Employment
Bond, Stephen; Van Reenen, John - In: Handbook of econometrics : volume 6A, (pp. 4417-4498). 2007
We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …
Persistent link: https://www.econbiz.de/10014024950
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Analyzing the Effects of Minimum Wages : A Microeconomic Approach
Thielen, Clemens - 2019
We analyze the effects of minimum wages in a simple microeconomic model where several principals (potential employers) compete for one or several agents (workers) via their wage offers. A minimum wage changes this game by prohibiting wage offers below the imposed minimum wage, which results in...
Persistent link: https://www.econbiz.de/10012900600
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Strategic complementarities between different types of ICT-expenditures
Kaiser, Ulrich - 2003
Multivariate Tobit models are estimated using German cross-sectional data to test whether strategic complementarities exist between expenditures in four different types of ICT-components. If two ICT-components are complements, they are correlated (provided that agents act rationally)....
Persistent link: https://www.econbiz.de/10011448665
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Strategic complementarities between different types of ICT-expenditures
Kaiser, Ulrich - 2003
Persistent link: https://www.econbiz.de/10013428579
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The Intergenerational Transmission of Divorce : Evidence from China
Liu, Bo - 2020
The paper investigates the intergenerational transmission of divorce in China with the data from The China Health and Retirement Longitudinal Study (CHARLS). The empirical results show that parental divorce increases the odd ratio of children's divorce significantly by 104.12% in complementary...
Persistent link: https://www.econbiz.de/10012845430
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Using Experimental Data to Model Bargaining Behavior in Ultimatum Games
Sunder, Shyam; Lin, Haijin - School of Management, Yale University - 2003
Subgame perfect equilibrium predictions of ultimatum bargaining games correspond poorly to the data gathered from human subjects in laboratory environments. Attempts to reconcile this discrepancy have taken one or more of three routes: (1) expanding the agent foresight and scope of decisions,...
Persistent link: https://www.econbiz.de/10005587020
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Using Experimental Data to Model Bargaining Behavior in Ultimatum Games
Sunder, Shyam NMI; Lin, Haijin - School of Management, Yale University - 2001
Subgame perfect equilibrium predictions of ultimatum bargaining games correspond poorly to the data gathered from human subjects in laboratory environments. Attempts to reconcile this discrepancy have taken one or more of three routes: (1) expanding the agent foresight and scope of decisions,...
Persistent link: https://www.econbiz.de/10005587061
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Contract Structure and Relationship-Specific Investments : Empirical Evidence from Coal Markets
Tang, Meng-Chi - 2010
probability to negotiate a cost plus contract, where the buyer agrees to pay the seller's cost of production, increases with the …
Persistent link: https://www.econbiz.de/10013134866