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During the recent financial crisis in the U.S., banks reduced new business lending amidst concerns about borrowers' ability to repay. At the same time, firms facing higher borrowing costs alongside a worsening economic outlook reduced investment. To explain these aggregate business cycle...
Persistent link: https://www.econbiz.de/10009690835
A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. The empirical analysis uses panel data for eight plants in the...
Persistent link: https://www.econbiz.de/10010335155
mechanism of labour efficiency management in terms of innovation-oriented development of enterprises. It is substantiated that … in the conditions of innovation-oriented development of ecosystems, including enterprises, the disclosure of the essence …). Conceptual bases of improvement of the mechanism of labour efficiency management at enterprises were developed. They are based on …
Persistent link: https://www.econbiz.de/10014505256
enterprises in the context of their economic development. To achieve this purpose, a methodical approach was formed containing a … model makes it possible to effectively apply it in the practical activities of many enterprises. The originality of the … enterprises. …
Persistent link: https://www.econbiz.de/10013500749
Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
Persistent link: https://www.econbiz.de/10003951440
. It turns out that project games are related to bankruptcy and taxation games.This relation allows us to establish the …
Persistent link: https://www.econbiz.de/10011379216
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Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.
Persistent link: https://www.econbiz.de/10011349185
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