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Banking Consolidation and Small Businessfinance : Empirical Evidence for Germany

Marsch, Katharina - 2016

Since the early 1990s an unprecedented process of consolidation has taken place in the banking sector in most industrialised countries raising concern of policymakers that it may reduce access to credit for the small business sector. While most of the existing empirical studies have focused on...

Persistent link: https://www.econbiz.de/10012989293

The Anatomy of a Credit Supply Shock : Evidence from an Internal Credit Market

Liberti, Jose Maria - 2017

We investigate how financial contracting interacts with lending channel effects by tracing the anatomy of a credit supply shock using micro-level data from a multinational bank. Borrowers with stronger lending relationships, higher non-lending revenues, and those that pledge collateral,...

Persistent link: https://www.econbiz.de/10012973528

The anatomy of a credit supply shock : evidence from an internal credit market

Liberti, José María; Sturgess, Jason - In: Journal of financial and quantitative analysis : JFQA 53 (2018) 2, pp. 547-579

Persistent link: https://www.econbiz.de/10011929488

The Euro Area credit crunch conundrum : was it demand or supply driven?

Pacicco, Fausto; Serati, Massimiliano; Venegoni, Andrea - In: Economic modelling 106 (2022), pp. 1-19

Persistent link: https://www.econbiz.de/10013347523

Are Excess Cash Holdings More Valuable to Firms in Times of Crisis? Financial Constraints and Governance Matter

Chang, Yanhao - 2014

This study examines the impact of cash holdings on firm value before and during the 2008 financial crisis. In answering this question, our analysis assesses the conditioning effect of financial constraints and corporate governance. In our core finding we show that the equity market places a...

Persistent link: https://www.econbiz.de/10013058798

Finance or Demand : What drives the Responses of Young and Small Firms to Financial Crises?

Giannoulakis, Stelios; Sakellaris, Plutarchos - 2022

Using a large dataset of Greek firms over the period 1998-2014, we investigate the excess sensitivity of small and young firms to the Greek financial crisis, along with the potential sources and aggregate implications. Controlling for size effects, the decline in sales growth rate during the...

Persistent link: https://www.econbiz.de/10013292027

Are Excess Cash Holdings More Valuable to Firms in Times of Crisis? Financial Constraints and Governance Matter

Chang, Yanhao - 2014

Persistent link: https://www.econbiz.de/10013061567

Profit Windfalls and Investments in Innovation : Evidence from Patent Term Extensions

Hshieh, Shenje - 2017

I show that mature patent-practicing firms respond to windfall profits derived from exogenously extended patent protection time by engaging in external patent acquisitions that diversify their patent portfolios into new technologies. By exploiting the random timing of patent term expiry dates...

Persistent link: https://www.econbiz.de/10012969061

Microeconometric evidence of financing frictions and innovative activity

Tiwari, Amaresh K.; Mohnen, Pierre A.; Palm, Franz C.; … - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …

Persistent link: https://www.econbiz.de/10010249680

Microeconometric Evidence of Financing Frictions and Innovative Activity

Tiwari, Amaresh Kumar - 2012

Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …

Persistent link: https://www.econbiz.de/10013100159

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