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Are Firms Exporting to China and India Different from Other Exporters?
Navaretti, Giorgio Barba; Bugamelli, Matteo; … - 2012
This paper asks whether and why advanced countries differ in their ability to export to China and India. We exploit a newly collected, comparable cross-country survey of 15,000 European manufacturing firms (EFIGE). The dataset contains information on firms’ international activities and...
Persistent link: https://www.econbiz.de/10014171683
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Re-Examining Investor Protection in Europe and the US
Burke, John J. A. - 2009
The year 2009 is a propitious time to evaluate systems of investor protection in financial markets as global bank losses exceed the 1 trillion mark and market losses equally exceed the 1 trillion mark. Prior to the Global Financial Crisis, the European Union enacted sweeping legislation to...
Persistent link: https://www.econbiz.de/10013157246
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Home Bias, Transaction Costs, and Prospects for the Euro: A More Detailed Analysis
Mann, Catherine L.; Meade, Ellen E. - Peter G. Peterson Institute for International Economics … - 2002
This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance model of exchange rates to consider whether the dollar might be affected by a change in transactions costs that alters international portfolio allocations. Our empirical findings...
Persistent link: https://www.econbiz.de/10005627712
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Foreign currency loans and systemic risk in Europe
Yeşin, Pınar - 2013
Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … exchange-rate-induced credit risk to European banking sectors. In particular, Swiss franc (CHF)-denominated loans, popular in … that banks in Europe have continuously held more foreign-currency-denominated assets than liabilities, indicating their …
Persistent link: https://www.econbiz.de/10010221680
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Financing-motivated acquisitions
Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - 2012
Managers often claim that an important source of value in acquisitions is the acquiring firm's ability to finance investments for the target firm. This claim implies that targets are financially constrained prior to being acquired and that these constraints are eased following the acquisition....
Persistent link: https://www.econbiz.de/10009507042
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Do acquisitions relieve target firms' financial constraints?
Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - 2013
Managers often claim that an important source of value in acquisitions is the acquiring firm's ability to finance investments for the target firm. This claim implies that targets are financially constrained prior to being acquired and that these constraints are eased following the acquisition....
Persistent link: https://www.econbiz.de/10009724578
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The Determinants of Long-Term Debt Issuance by European Banks : Evidence of Two Crises
Rixtel, Adrian Van - 2015
This paper is one of the first to investigate the determinants of bond issuance by European banks. We use a unique database of around 50,000 bonds issued by 63 banks from 14 European countries, allowing us to differentiate between different types of long-term debt securities. By investigating at...
Persistent link: https://www.econbiz.de/10013014489
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Financial Development and Allocation of External Finance
Bena, Jan - 2009
We examine whether financial systems facilitate efficient allocation of resources into perspective projects. Employing European micro-level data from 1996-2005, we show that firms in industries with the best growth opportunities use more external finance in financially more developed countries....
Persistent link: https://www.econbiz.de/10013153386
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Improving the Role of Equity Crowdfunding in Europe's Capital Markets
Wilson, Karen E. - 2014
. Despite the hype, equity crowdfunding is still the smallest. Due to exemptions in legislations, Europe has been at the … start-ups can play job creation and economic growth in Europe. In this paper, we assess the potential role of equity …
Persistent link: https://www.econbiz.de/10013046686
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The Determinants of Long-Term Debt Issuance by European Banks : Evidence of Two Crises
Rixtel, Adrian Van - 2016
This paper is one of the first to investigate the determinants of bond issuance by European banks. We use a unique database of around 50,000 bonds issued by 63 banks from 14 European countries to test explicitly a broad set of hypotheses on the drivers of bond issuance. The sample covers the two...
Persistent link: https://www.econbiz.de/10012981753