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This paper compares how Czech and Slovak microentrepreneurs perceive the volume and ease of access to finance that they face. Having an adequate number of sources of finance and easier access to them can help improve both enterprise and country performance. Chi-square and Z score tests for...
Persistent link: https://www.econbiz.de/10012175682
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study has demonstrated a novel approach by concurrently incorporating the monitoring and financing issues that disturb the … that has the potential to balance the investment distortions by rectifying monitoring and financing deficiencies. …
Persistent link: https://www.econbiz.de/10012174741
We examine whether the financial strength of companies, in particular, small and medium-sized enterprises (SMEs) is causally linked to the award of a public procurement contract (PP), especially in the environmentally friendly green area (GPP), For this purpose, we build a combined procurement...
Persistent link: https://www.econbiz.de/10014234974
Purpose - The goal of this paper is twofold. First, to examine the role of expectations in shaping agents' behaviour within an extended time frame which incorporates a prolonged harsh downturn of economic activity. Therefore, the authors allow for an indirect impact of economy-wide expectations...
Persistent link: https://www.econbiz.de/10012625044
equity have stronger incentives to manage earnings than debt issuers and call for thorough monitoring and scrutiny of …
Persistent link: https://www.econbiz.de/10014500393
With firms searching for secured external funding by engaging in multiple bank relationships on the one hand and banks for profit maximization on the other hand, conflicts of interests may arise when firms' banks demand access to corporate private information. This information can help banks to...
Persistent link: https://www.econbiz.de/10012180608
This study examines how small and medium-size enterprises' (SMEs') lending and credit guarantee affect Korean banks' efficiency, by employing the stochastic frontier approach on 14 banks over the period 2001-2010. When lending increases to SMEs, the findings indicate that banks' cost efficiency...
Persistent link: https://www.econbiz.de/10011779564
Improving firms' innovation capability is crucial for promoting growth. In 2006 and 2009, China deregulated the banking industry and allowed city banks to set up branches across regions, which changed the banking structure and competition. Using data from financial licence information and...
Persistent link: https://www.econbiz.de/10014506632
In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77–99, 2007) show that information sharing increases banks’ profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case...
Persistent link: https://www.econbiz.de/10009756898