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Can bank competition help attenuate the prevalence of zombie firms? Motivated by a stylized model, this paper studies … the effect of bank competition on the formation of zombie firms in two stages: the formation of distressed firms and … finds that bank competition lowers the probability of the formation of distressed firms, while it increases the probability …
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Intro -- Contents -- Cover -- Title -- Foreword vii -- Acknowledgments viii -- Abbreviations and Acronyms ix -- 1 The Private Sector and Poverty Reduction 1 -- 2 The Investment Climate 17 -- 3 Public Intervention to Promote Supply Response 71 -- 4 Private Participation and Markets for Basic...
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We study optimal non-linear contracts offered by two firms competing for the exclusive services of workers, who are privately informed about their ability and motivation. Firms differ in their organizational form, and motivated workers are keen to be hired by the non-profit firm because they...
Persistent link: https://www.econbiz.de/10011703431
How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of …
Persistent link: https://www.econbiz.de/10012219337
This paper discusses the relation between trade and competition, revising the literature and using indicators, build … domestic competition is explained by concentration indices, such as CR4 and HHI, which show positive correlation with profit … evaluating trade and competition policies in the context of the Brazilian economy. …
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