Showing 1 - 10 of 368
This paper analyses the role that institutional factors play in explaining differences in the capital structure of small and medium-sized enterprises (SMEs) across regions belonging to a single country. Specifically, it studies the effect of the development of the financial sector and of the...
Persistent link: https://www.econbiz.de/10011565931
Using a unique dataset, which combines bank organizational variables, information on lending techniques, firms' credit demand and others balance sheet indicators, we investigate the impact of lending organization on credit dynamics during the crisis period. Our main findings suggest that the...
Persistent link: https://www.econbiz.de/10011544613
The aim of the paper is to analyze the development of the Estonian credit and saving market, especially considering the sector of households and non-financial corporations, in order to reveal the potential of saving and loan association (SLA) to enhance the economic and social development...
Persistent link: https://www.econbiz.de/10011477034
Stylized data shows a structural break in the integration of lending markets which coincides with the global financial crisis. During and after the crisis, banks actively reduced their share of foreign relative to domestic banking activity and lending in particular. This increase in lending...
Persistent link: https://www.econbiz.de/10012317329
This theoretical model analyzes the impact of interbank credit market dynamics on the resilience of the financial system. Based on a stochastic model of interbank market credit flows, lending in the interbank market is restricted by the availability of liquidity. Following a shock...
Persistent link: https://www.econbiz.de/10012296413
Central bankers express concerns that central bank digital currencies (CBDCs) might disintermediate commercial banks and facilitate bank runs. We analyze these concerns in a DSGE framework and provide a rationale for the disintermediation of the banking sector. Our focus is on the central bank's...
Persistent link: https://www.econbiz.de/10013329655
's stakeholders, and even more important when the company operates in the continental system of corporate governance and the CEO is … structures of the enterprise. Based on such premises, in this article we analyze CEO succession in companies quoted on the Warsaw … Stock Exchange. The article presents the basic characteristics of 1904 CEO appointments which were made in 2000–2015 and is …
Persistent link: https://www.econbiz.de/10012230685
Given the actual debate, in many European countries, about the need for public administrations to raise their revenues through taxing the crime externalities generated by some private leisure activities, this article analyzes the effect of football matches on crime focusing both on property...
Persistent link: https://www.econbiz.de/10011487019
According to economic theory, the price of parking must vary with the demand for this good. We study the economic consequences of not doing so by estimating the employees' parking demand at one organisation, which, rather uniquely, follows this recommendation. We estimate the effect of the...
Persistent link: https://www.econbiz.de/10011508666
The present paper aims to present the picture of the Third Sector in Romania, today and the way it relates to Law 219/2015 on the Social Economy. It was analyzed the current legislative text and the specific laws on establishing and functioning of the key organizations concerned. It has been...
Persistent link: https://www.econbiz.de/10011591267