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Beyond bitcoin, blockchain technology has acquired attention and importance in its own right. Today, it is conceptually accepted that blockchain stands out as a disruptive technology that will change a number of processes in financial services and could in turn impact corporate governance. This...
Persistent link: https://www.econbiz.de/10012137047
While small- and medium sized firms in Austria are generally more productive, export more, and engage more in higher technology activities than in comparable countries, they need to adapt better to the knowledge economy to maintain their relative performance levels. The capital structure of...
Persistent link: https://www.econbiz.de/10012203255
This paper reviews empirical research on finance and labour markets. Preliminary themes in the literature follow. Finance may interact with labour market institutions to jointly determine labour outcomes. Highly leveraged firms show greater employment volatility during cyclical fluctuations, and...
Persistent link: https://www.econbiz.de/10011914294
-represented on private company boards, in senior management positions, in many well-paid and influential professions and among …
Persistent link: https://www.econbiz.de/10011700409
The study assesses the role of feed-in tariffs (FITs) and renewable energy certificates (RECs) in creating incentives for cross-border investments and for investments in particular technological portfolios via M&A. The analysis explores the dataset on M&As in alternative energy sources worldwide...
Persistent link: https://www.econbiz.de/10010463503
This paper explores the link between the design of insolvency regimes across countries and laggard firms’ multi-factor productivity (MFP) growth, using new OECD indicators of the design of insolvency regimes. Firm-level analysis shows that reforms to insolvency regimes that lower barriers to...
Persistent link: https://www.econbiz.de/10011823606
Large business groups, which played a key role in Korea's economic development, are still dominant today, especially in exporting. The concentration of economic power creates a number of problems and risks. Ensuring a level-playing field between the business groups, also called chaebols, and...
Persistent link: https://www.econbiz.de/10011914658
assumptions should be made public. The creation of the Bank Asset Management Company (BAMC) should allow recognition of problems … privatisation of viable banks. To that end, the process of asset transfer and their management has to be transparent and isolated …-financial sector, viable but distressed enterprises should be restructured while insolvent firms should be swiftly liquidated. The main …
Persistent link: https://www.econbiz.de/10009767739
This paper investigates the likelihood of corporate insolvency and the potential implications of debt overhang of non-financial corporations induced by economic shock associated with the outbreak of COVID-19. Based on simple accounting models, it evaluates the extent to which firms deplete their...
Persistent link: https://www.econbiz.de/10012421296