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This paper examines the incidence of special interests in the allocation of loans through the Paycheck Protection Program (PPP). We find that lobbying at the firm and industry levels helps obtain larger PPP loans during the pandemic. We also observe that PPP lending is more responsive to...
Persistent link: https://www.econbiz.de/10013307095
crisis times …
Persistent link: https://www.econbiz.de/10013311359
The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles have received a great deal of attention in the literature. This study revisits these issues of IPO activities under the Covid-19 pandemic with a focus on the Turkish IPO market....
Persistent link: https://www.econbiz.de/10014308820
Soaring inflationary pressure and the ripple effects of the base rate spikes by the US Federal Reserve are expected to lead the Bank of Korea (BOK) to raise its base rate at least three times during the remainder of 2022.Korean firms rely primarily on indirect financing for their financial needs...
Persistent link: https://www.econbiz.de/10014263438
We study the effects of deploying government capital to firms during crises. Using exogenous variation in the timing of disbursements in the Paycheck Protection Program (PPP), we find that firms receiving PPP loans later become more financially distressed and face reductions in credit supply....
Persistent link: https://www.econbiz.de/10013228171
The Icelandic economy was hit hard by the global economic and financial crisis that started in the fall of 2008. During … this crisis the three largest banks all collapsed and many other smaller banks and companies went bankrupt in the aftermath … of the crisis with severe consequences for the economy and the people. Prior to the crisis, Iceland, a high income …
Persistent link: https://www.econbiz.de/10010690394
-profile events such as Black Monday, the Asian financial crisis, 9/11 terrorist attacks, the Enron scandal, and more recently the … global financial crisis, has repeatedly proven to the financial world that risks which matter to the stability of financial …
Persistent link: https://www.econbiz.de/10010769292
of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable due … to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …
Persistent link: https://www.econbiz.de/10010368599
The Eurozone crisis has significantly shifted the framework for trade union action in Spain. In consequence, a …
Persistent link: https://www.econbiz.de/10011998713
under the sign of global crisis. We found that Romania's economy doesn't have a problem with its path but with the way in … which it follows the trend ideologically and historically. Also, we found out that the end of the crisis is not just …
Persistent link: https://www.econbiz.de/10012017287