Showing 1 - 10 of 1,252
This paper investigates the effect of market size on innovation activities across different durable good industries in … increase in labour productivity by 6.5% and an increase in the likelihood of a successful product innovation by about 1 …
Persistent link: https://www.econbiz.de/10010338977
This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … as well as empirical studies are used to derive the hypothesis of a positive link between product innovation and trade …. Basically the estimation results confirm that introducing a product innovation is positively related with demand and provision …
Persistent link: https://www.econbiz.de/10010338387
potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background …
Persistent link: https://www.econbiz.de/10011705468
Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced competition. If suffrage is restricted to the elite, this will...
Persistent link: https://www.econbiz.de/10010483279
This paper investigates empirically firm investment behavior in research and development (R&D). Firms make investments in R&D in order to produce innovations. These innovations in turn improve the firm's future productivity level, pro tability and incentives to invest in R&D. Using German...
Persistent link: https://www.econbiz.de/10010342836
Swedish unemployment was very low up to the early 1990s when it rose rapidly. At the same time manufacturing employment fell by more than 20 %. The decentralisation of wage bargaining that started in 1983 may have contributed to this by making employment more shock sensitive or by increasing...
Persistent link: https://www.econbiz.de/10011572056
This paper examines the impact of implicit guarantees and capital regulations on the behavior of a bank and on the expected losses for its depositors. I show that implicit guarantees increase the incentives of the bank to enhance leverage and/or risk taking and that this leads to higher expected...
Persistent link: https://www.econbiz.de/10010338928
This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available and contrast the results to weaker forms of bank...
Persistent link: https://www.econbiz.de/10010339963
The industrial organization approach to banking is extended to analyze the effects of interbank market activity and regulatory liquidity requirements on bank behavior. A multi-stage decision situation allows for considering the interaction between credit risk and liquidity risk of banks. This...
Persistent link: https://www.econbiz.de/10010344667
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963