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theory was not supported. However, allowing financial constraints regimes in pecking order equation improved the fit of the …
Persistent link: https://www.econbiz.de/10011770452
economic theory, capital structure determines the stock market value of firms and therefore their viability, while one of the … theory in our case, while a positive relationship arises between tangible assets and tax benefits (arising from sources other …
Persistent link: https://www.econbiz.de/10011310238
Die Insolvenzzahlen sind trotz Corona-Krise stark gesunken. Aufgrund zahlreicher Großinsolvenzen wie etwa von Esprit, Hallhuber oder Wirecard war das Jahr 2020 bezogen auf die Zahl der betroffenen Beschäftigten trotzdem ein schwieriges Jahr. Eine Insolvenzwelle mit vielen gefährdeten Jobs ab...
Persistent link: https://www.econbiz.de/10012589810
This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10013436693
Purpose: This study analyzes employee turnover in the under-researched context of the Gulf Cooperation Council. Methods: This study uses a qualitative approach to examine the reasons for turnover and strategies adopted within the hotel sector to reduce this turnover. Results: The findings reveal...
Persistent link: https://www.econbiz.de/10014294736
We document and attempt to explain the recent decline in employment dynamics in the U.S. We have four major empirical findings. First, each measure exhibits a 'stair step' pattern, with the declines concentrated in recessions and little increase during subsequent expansions. Second, changes in...
Persistent link: https://www.econbiz.de/10010331914
As part of a more general process of employment reallocation from less to more productive employers, job-to-job flows tend to be beneficial for productivity and for workers. Thus, when this rate slows, it is important to understand why. In the US, for example, the job-to-job flow rate is now at...
Persistent link: https://www.econbiz.de/10011405006
This paper analyses euro area Beveridge curves at the euro area aggregate and country level over the past 25 years. Using an autoregressive distributed lag model, we find a significant outward shift and flattening of the euro area Beveridge curve since the onset of the crisis, but considerable...
Persistent link: https://www.econbiz.de/10011986217
This paper explores the incidence of job loss by wage level during the Great Recession, using data for Ireland. Ireland experienced a particularly pronounced decline in employment by international and historical standards, which makes it a valuable case study. Using EU Survey on Income and...
Persistent link: https://www.econbiz.de/10011991889
This paper analyzes the Austrian Beveridge curve as well as the Beveridge curves for different economic sectors in Austria over the period from 2008 onwards. We find significant outward shifts of the Beveridge curves in eight of the 21 sectors of the economy. We further analyze what factors have...
Persistent link: https://www.econbiz.de/10011991894