The distribution of firm sizes is known to be heavy tailed. In order to account for this stylized fact, previous studies have focused mainly on growth through investments in a company's own operations (internal growth). Thereby, the impact of mergers and acquisitions (M&A) on the firm size...

Larger firms (by sales or employment) have higher leverage. This pattern is explained using a model in which firms produce multiple varieties and borrow with the option to default against their future cash ow. A variety can die with a constant probability, implying that bigger firms (those with...

We analyze comparative advantages/disadvantages of small and large banks in improving household sentiment regarding financial conditions. We match sentiment data from the University Of Michigan Surveys Of Consumers with local banking market data from 2000 to 2014. Surprisingly, the evidence...

Die vorliegende Untersuchung veranschaulicht die Bedeutung der 50 größten Unternehmen in Berlin mit Fokus auf ihre Beschäftigungsstrukturen. Haben sie ihren Hauptsitz in Berlin? Gibt es Branchenschwerpunkte? Wer sind die Eignerinnen und Eigner der Firmen? Welche Rolle spielt die...