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Impact of climate risk on firms' use of trade credit : international evidence
Islam, Mohammad Nazrul; Wheatley, Clark M. - In: The International trade journal 35 (2021) 1, pp. 40-59
Persistent link: https://www.econbiz.de/10012424955
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Poverty-dominant marginal transfer reforms in socially risky situations
Makdissi, Paul; Wodon, Quentin - In: Productivity and Inequality, (pp. 157-167). 2018
Persistent link: https://www.econbiz.de/10013357142
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Risky financial collateral, firm heterogeneity, and the impact of eligibility requirements
Kaldorf, Matthias; Wicking, Florian - 2021 - This version: February 28, 2021, first version: October 30, 2020
if they are eligible as collateral, and firms increase their leverage and default risk in response. This has adverse … empirical evidence. The central bank faces a trade-off between fostering collateral supply and increased risk-taking on the … that reducing eligibility requirements from A- to BBB- increases collateral supply by 33%, while collateral default risk …
Persistent link: https://www.econbiz.de/10013330589
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Loan insurance, adverse selection and screening
Ahnert, Toni; Kuncl, Martin - 2019
are risk-free and liquid in a secondary market, while uninsured loans are subject to adverse selection. Loan insurance …
Persistent link: https://www.econbiz.de/10012287496
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Risk attitudes with state-dependent indivisibilities in consumption
Fels, Markus - 2019
nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In … general, people are not risk averse anymore even if utility from divisible consumption is concave. I propose a definition of … same reasons that rule out risk aversion turn out to be the basis of a desire to insure.This calls into question the …
Persistent link: https://www.econbiz.de/10012231153
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Biodiversity prospecting over time and under uncertainty : a theory of sorts
Batabyal, Amitrajeet A.; Nijkamp, Peter - 2014
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10011491961
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A general framework for studying contests
Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2020
We develop a general framework to study contests, containing the well-known models of Tullock (1980) and Lazear & Rosen (1981) as special cases. The contest outcome depends on players' effort and skill, the latter being subject to symmetric uncertainty. The model is tractable, because a...
Persistent link: https://www.econbiz.de/10012434408
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Are regional institutional factors determinants of the capital structure of SMEs?
Palacín-Sánchez, María-José; Di Pietro, Filippo - 2013
firm-factor determinants of debt, such as firm size, asset structure, profitability, growth, business risk and age are also …
Persistent link: https://www.econbiz.de/10011565931
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Wage inequality in Spain : a regional perspective
Zarco Ahamdanech, Ismael; García Pérez, Carmelo; … - 2011
The research examines wage inequality in the Spanish labour market from a regional perspective, drawing on stochastic dominance techniques. The field of study is of particular interest because wage determination in Spain incorporates an important territorial component, facilitated by certain...
Persistent link: https://www.econbiz.de/10011537563
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Multidimensional measure of poverty in Ethiopia : factor and stochastic dominance analysis
Bersisa, Mekonnen; Heshmati, Almas - In: Poverty and well-being in East Africa : a multi-faceted …, (pp. 215-238). 2016
This study did an in-depth analysis of multidimensional poverty in rural and small towns in Ethiopia. As social well-being or poverty is a multidimensional phenomenon, using a multidimensional measure of poverty helps circumvent problems surrounding the conventional measures of poverty and helps...
Persistent link: https://www.econbiz.de/10012304825