Barely any quantitative research has been devoted yet to the labor market consequences of incarceration for political offenses, which seems particularly unfortunate against the background of Europe's history of state persecution in the 20th century. Drawing on the example of the former German...

This paper aims to reveal the importance of public transport policies in the evolution of crime configuration and so, the vital responsibility of urban transports and criminality in social sprawl, entrepreneurial configuration and social structure on a city. Public transport policies have an...

The abolishment of passport and any other type of border controls at the German-Polish and German-Czech border in December 2007 provoked public concerns that open border would increase cross-border crime. Despite these widespread concerns, there is still little research on whether the public...

The abolishment of passport and any other type of border controls at the German-Polish and German-Czech border in December 2007 provoked public concerns that open border would increase cross-border crime. Despite these widespread concerns, empirical research on whether the public fears were...

The paper studies the effects of anticipated earnings announcements on liquidity before the earnings announcement day, utilizing full limit order book data. We find very convincing supportive evidence of deteriorating liquidity due to the increase in information asymmetry, which is in line with...

We study the simultaneous choice of investment, debt financing and liquidity for a large sample of US corporates between 1980 and 2014. We partition the sample according to the firms' financial constraints and their needs to hedge against future shortfalls in operating income. In contrast to...

The current literature on firm ownership around the world shows that concentrated ownership with only one or a few controlling owners is common, especially in many European and Asian countries. The dispersed ownership has proven to be uncommon and even countries with supposed dispersed ownership...

This paper investigates the impact of legal tradition and firm size on investment performance for firms in 16 European countries. Europe as a region is of special interest in this sense since the legal systems differs widely within a concentrated geographical area. Anglo Saxon, German, French as...

This paper investigates how family ownership, control and management affect firm investment performance. We use the identity of the CEO and the COB to establish under what management the firm is: founder, descendent or external management. The analysis shows that founder management has no effect...

This paper is a study about the effect of relationship lending on credit availability for Italian firms, with a special focus on the 2008-09 financial crises. According to the conventional wisdom, the central principle of relationship finance is that that personal interaction between bankers and...