Search Results - subject:"Financial Structure"

Corporate financial structure, misallocation and total factor productivity

Uras, Burak R. - In: Journal of Banking & Finance 39 (2014) C, pp. 177-191

This paper studies the quantitative relevance of the cross-sectional dispersion of corporate financial structure in …

Persistent link: https://www.econbiz.de/10010730422

Pro-shareholder income distribution, debt accumulation, and cyclical fluctuations in a post-Keynesian model with labor supply constraints

Sasaki, Hiroaki; Fujita, Shinya - In: European Journal of Economics and Economic Policies: … 11 (2014) 1, pp. 10-30

and the financial structure of firms. We further analyse the stability of the steady-state equilibrium and the … the financial structure changes periodically between speculative finance and Ponzi finance. …

Persistent link: https://www.econbiz.de/10010776477

THE IMPACT OF FINANCIAL STRUCTURE ON FIRMS’ PROBABILITY OF BANKRUPTCY: A COMPARISON ACROSS WESTERN EUROPE CONVERGENCE REGIONS

SUCCURRO, Marianna; MANNARINO, Lidia - In: Regional and Sectoral Economic Studies 14 (2014) 1, pp. 81-94

The aim of the paper is to investigate the impact of financial structure on firms’ probability of bankruptcy in Western … Europe convergence regions. The empirical evidence shows that the financial structure is a key factor explaining firms …

Persistent link: https://www.econbiz.de/10010780000

Risk shifting in the US banking system: An empirical analysis

Duran, Miguel A.; Lozano-Vivas, Ana - In: Journal of Financial Stability 13 (2014) C, pp. 64-74

This paper contributes to the empirical literature on risk shifting. It proposes a method to find out whether risk shifting is present in the banking industry and, if so, what type. The type of risk shifting depends on the group of debt holders to whom risk is shifted. We apply this method to...

Persistent link: https://www.econbiz.de/10010906515

Financial leverage and corporate taxation: evidence from German corporate tax return data

Dwenger, Nadja; Steiner, Viktor - In: International Tax and Public Finance 21 (2014) 1, pp. 1-28

To estimate the impact of profit taxation on the financial leverage of corporations, this study uses a pseudopanel constructed from comprehensive corporate tax return microdata for the period 1998–2001, which saw the introduction of major corporate tax reform in Germany. Financial leverage...

Persistent link: https://www.econbiz.de/10010988726

Misallocation, informality, and human capital: Understanding the role of institutions

D׳Erasmo, Pablo N.; Moscoso Boedo, Hernan J.; Şenkal, … - In: Journal of Economic Dynamics and Control 42 (2014) C, pp. 122-142

The aim of this paper is to quantify the role of formal-sector institutions in shaping the demand for human capital and the level of informality. We propose a firm dynamics model where firms face capital market imperfections and costs of operating in the formal sector. Formal firms have a larger...

Persistent link: https://www.econbiz.de/10011051923

Spatial functional normal mixed effect approach for curve classification

Ruiz-Medina, Maria; Espejo, Rosa; Romano, Elvira - In: Advances in Data Analysis and Classification 8 (2014) 3, pp. 257-285

This paper proposes a spatial functional formulation of the normal mixed effect model for the statistical classification of spatially dependent Gaussian curves, in both parametric and state space model frameworks. Fixed effect parameters are represented in terms of a functional multiple...

Persistent link: https://www.econbiz.de/10010949654

Towards an explanation of cross-country asymmetries in monetary transmission

Georgiadis, Georgios - In: Journal of Macroeconomics 39 (2014) PA, pp. 66-84

This paper quantifies the importance of financial structure, labor market rigidities and industry mix for the monetary … only to the extent that countries differ regarding their financial structure, labor market rigidities and industry mix. For …-country differences in financial structure, labor market rigidities and industry mix. Moreover, while in the short run asymmetries in the …

Persistent link: https://www.econbiz.de/10010744336

Islamic banks-Sukuk markets relationships and economic development : The case of the Tunisian post-revolution economy

Ben Jedidia Khoutem, Daoud - In: Journal of Islamic Accounting and Business Research 5 (2014) 1, pp. 47-60

Purpose – The purpose of this paper is to examine the opportunities of Islamic finance in spurring economic development in Tunisia after the revolution of 2011. Precisely, this paper seeks to explore whether the Islamic banks-Sukuk markets relationships are more conducive of economic growth....

Persistent link: https://www.econbiz.de/10014874667

The relationship between growth and volatility in small firms

Maria Moreno, Ana; A. Zarrias, Jose; L. Barbero, Jose - In: Management Decision 52 (2014) 8, pp. 1516-1532

Purpose – The purpose of this paper is to investigate the effect of predictors of growth (entrepreneurial orientation (EO) and environmental hostility) and growth itself on small-firm volatility. The objective is to find out: first, whether growth and volatility possess a similar nature;...

Persistent link: https://www.econbiz.de/10014936153