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Investment and Saving and the Euro Crisis : A New Look at Feldstein-Horioka

Johnson, Mark A. - 2013

We examine the relationship between investment and saving for a cross section of European countries before and during … the euro crisis. Investment is positively and significantly related to saving, and this relationship is stronger during …

Persistent link: https://www.econbiz.de/10013079084

Firm or bank weakness? : access to finance since the European sovereign debt crisis

Corbisiero, Giuseppe; Faccia, Donata - 2020

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in the euro area during the sovereign debt...

Persistent link: https://www.econbiz.de/10012150099

The Granular Origins of Macroeconomic Fluctuations in Europe

Ebeke, Christian - 2017

This paper investigates the microeconomic origins of aggregate economic fluctuations inEurope. It examines the relevance of idiosyncratic shocks at the top 100 large firms (thegranular shocks) in explaining aggregate macroeconomic fluctuations. The paper alsoassesses the strength of spillovers...

Persistent link: https://www.econbiz.de/10012942339

Is the Effect of Dividend Policy on the Volatility of Stock Prices Stable : An Empirical Study on European Countries?

Aktürk, Esen; Karan, Mehmet Baha; Pirgaip, Burak - 2022

We scrutinize the impact of dividend policy on stock price volatility by considering the seminal paper of Baskin (1989). In this context, we examine the relationship between volatility and three dividend policy indicators, dividend yield, dividend payout, and stock repurchases, for 1,221 firms...

Persistent link: https://www.econbiz.de/10013298815

Firm investment, liquidity, and bank health : a panel study of Asian firms in the 2000s

Ogawa, Kazuo - 2013

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firm- level …

Persistent link: https://www.econbiz.de/10009734202

The Euro and Corporate Financing before the Crisis

Bris, Arturo - 2014

We study the financing policies of European public corporations prior to the euro crisis. Using data from eleven euro countries and a control group of five other European countries over 1991-2006, we show that non-financial firms from euro countries with previously weak currencies considerably...

Persistent link: https://www.econbiz.de/10013068616

The Euro and Corporate Financing before the Crisis

Bris, Arturo - 2016

Private sector borrowing has been identified as a major factor behind the euro crisis. We study the contribution of non-financial public corporations to this finding. Using data from eleven euro countries and a control group of five other European countries over 1991-2006, we show that firms...

Persistent link: https://www.econbiz.de/10013003055

Is corporate indebtedness a drag on investment after financial shocks?

Yarba, İbrahim - 2022

Persistent link: https://www.econbiz.de/10013368701

Financial Crisis and Crisis Management in Sweden. Lessons for Today

Jonung, Lars - Asian Development Bank Institute, Asian Development Bank - 2009

This paper gives an account of the Swedish financial crisis covering the period 1985–2000, dealing with financial deregulation and the boom in the late 1980s, the bust and the financial crisis in the early 1990s, the recovery from the crisis and the bank resolution policy adopted during the...

Persistent link: https://www.econbiz.de/10008467186

Post-crisis business investment in the euro area and the role of monetary policy

Ademmer, Martin; Jannsen, Nils - 2018

Business investment in the euro area strongly declined during the Global Financial Crisis and the Sovereign Debt Crisis … analyse the sluggish recovery in business investment in the euro area and the role of monetary policy in three steps. We … investigate the main factors that have impeded business investment since the Global Financial Crisis. We empirically analyse how …

Persistent link: https://www.econbiz.de/10011878290