Showing 1 - 10 of 15,098
Persistent link: https://www.econbiz.de/10003738783
Persistent link: https://www.econbiz.de/10003882955
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …
Persistent link: https://www.econbiz.de/10003888735
We analyze the dynamics of banks’ regulatory capital ratios. Using monthly data of regulatory capital ratios for a subset of large German banks, we estimate the target level and the adjustment speed of the capital ratio for each bank separately. We find evidence that, first, there exists a...
Persistent link: https://www.econbiz.de/10003463725
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …
Persistent link: https://www.econbiz.de/10003671082
The purpose of this paper is to measure the potential impact of business-sector concentration on economic capital for loan portfolios and to explore a tractable model for its measurement. The empirical part evaluates the increase in economic capital in a multi-factor asset value model for...
Persistent link: https://www.econbiz.de/10003391659
Persistent link: https://www.econbiz.de/10003576365
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks' regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...
Persistent link: https://www.econbiz.de/10003387463
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …
Persistent link: https://www.econbiz.de/10003301146
Persistent link: https://www.econbiz.de/10008989731