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Benefits of relationship banking: Evidence from consumer credit markets
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - 2009
This paper empirically examines the benefits of relationship banking to banks, in the context of consumer credit markets. Using a unique panel dataset that contains comprehensive information about the relationships between a large bank and its credit card customers, we estimate the effects of...
Persistent link: https://www.econbiz.de/10010292093
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Investments and the holdup problem in a matching market
Bester, Helmut - 2009
frictions, both parties in a match are partially locked-in when they bargain over the joint surplus from their sunk investments … case of investments in homogenous capital only the agents on the short side acquire ownership of capital. There is always …
Persistent link: https://www.econbiz.de/10010299160
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Why do investors sell losers? How adaptation to losses affects future capitulation decisions
Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, Leo - 2010
According to disposition effect theory, people hold losing investments too long. However, many investors eventually …
Persistent link: https://www.econbiz.de/10010303734
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Democratic Institutions and Environmental Quality: Effects and Transmission Channels
Kinda, Somlanare Romuald - 2011
effect through investments and income inequality. Indeed, democratic institutions attract investments that hurt environment …
Persistent link: https://www.econbiz.de/10010305640
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Crunch time: The optimal policy to avoid the "Announcement Effect" when terminating a subsidy
Gürtler, Marc; Sieg, Gernot - 2006
We are considering for examination an Irreversible Investment under Uncertainty, subsidized by the government. If the government announces the termination of a form of subsidization, investors may decide to realize their investment in order to obtain the subsidy. These investors might have...
Persistent link: https://www.econbiz.de/10010307962
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Modified Internal Rate of Return: Alternative Measure in the Efficiency of Investments Evaluation
Mieila, Mihai - In: International Journal of Sustainable Economies … 6 (2017) 4, pp. 35-42
The evaluation of the efficiency of investments relies on a system of measures based on actuarial techniques that …, based on its theoretical assumptions and practical drawbacks, considering of this measure in evaluation of the investments …
Persistent link: https://www.econbiz.de/10012047663
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No decline in investment in public-sector energy and water supply
Cullmann, Astrid; Nieswand, Maria; Stiel, Caroline - In: DIW Economic Bulletin 5 (2015) 42/43, pp. 577-583
A considerable share of public investment comes not only from public budgets but also from public utility companies. One major area of investment is energy and water supply, where the utility companies have substantial fixed assets in the form of distribution infrastructure. Using new microdata...
Persistent link: https://www.econbiz.de/10011372010
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Kein Rückgang der Investitionen in der kommunalen Energie- und Wasserversorgung
Cullmann, Astrid; Nieswand, Maria; Stiel, Caroline - In: DIW Wochenbericht 82 (2015) 43, pp. 1041-1047
Einen beachtlichen Anteil öffentlicher Investitionen tätigen - außerhalb der öffentlichen Haushalte - kommunale Unternehmen, beispielsweise Stadtwerke. Ein bedeutender Investitionsbereich ist die Energie- und Wasserversorgung, da die Unternehmen über beträchtliche Sachanlagen in der...
Persistent link: https://www.econbiz.de/10011372021
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Regulation and investment incentives in electricity distribution: An empirical assessment
Cullmann, Astrid; Nieswand, Maria - 2015
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … investments increase in the base year when the rate base is determined for the following regulatory period. We conclude that a …
Persistent link: https://www.econbiz.de/10011372119
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Interactions Between Price Setting and Capital Investment in a Customer Market
Bucht, Charlotte - 1997
customers to capital, investments and price. A comparative statics analysis is carried out so as to find out how price and … investments respond to exogenous shocks. The model is also tested empirically with data for the Swedish manufacturing sector. The …
Persistent link: https://www.econbiz.de/10010321791