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Investment and financing strategy of a multinational enterprise under alternative tax designs

Gérard, Marcel; Princen, Savina - 2012

multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …

Persistent link: https://www.econbiz.de/10009570036

All you need is cash : corporate cash holdings and investment after the global financial crisis

Joseph, Andreas; Kneer, Christiane; Horen, Neeltje van - 2021

Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis … persistent and growing investment gap. The amplification effect was present for SMEs with both volatile and stable cash holdings …

Persistent link: https://www.econbiz.de/10012509557

Size matters : "Over" investments in a relational contracting setting

Englmaier, Florian; Fahn, Matthias - 2015

The corporate finance literature documents that managers tend to overinvest into physical assets. A number of theoretical contributions have aimed to explain this stylized fact, most of them focussing on a fundamental agency problem between shareholders and managers. The present paper shows that...

Persistent link: https://www.econbiz.de/10010469958

Public policy for start-up entrepreneurship with venture capital and bank finance

Keuschnigg, Christian; Nielsen, Søren Bo - 2003

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially …

Persistent link: https://www.econbiz.de/10011514147

Investor tax breaks and financing for start-ups : evidence from China

Güçeri, İrem; Hou, Xipei; Xing, Jing - 2024

deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases … funding for eligible start-ups, with stronger responses from larger and more experienced investors. The tax incentive leads to … substitution between eligible and non-eligible investments. There is no evidence that the tax incentive lowers investment quality …

Persistent link: https://www.econbiz.de/10014564279

Competition over cursed consumers

Ispano, Alessandro; Schwardmann, Peter - 2018

We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily protect cursed consumers from being exploited....

Persistent link: https://www.econbiz.de/10011847547

The impact of consumer protection in the digital age : evidence from the European Union

Rösner, Anja; Haucap, Justus; Heimeshoff, Ulrich - 2020

We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior. The Unfair Commercial Practice Directive (UCPD) was implemented by EU member states between 2007 and 2010. We utilize data from the Special and Flash Eurobarometer for the years...

Persistent link: https://www.econbiz.de/10012157233

Can you spot a scam? : measuring and improving scam identification ability

Kubilay, Elif; Raiber, Eva; Spantig, Lisa; Cahlíková, Jana - 2023

The recent expansion of digital financial products leads to severe consumer protection issues such as fraud and scams. As these potentially decrease trust in digital services, especially in developing countries, avoiding victimization has become an important policy objective. In an online...

Persistent link: https://www.econbiz.de/10013502717

How much influencer marketing is undisclosed? : evidence from Twitter

Ershov, Daniel; He, Yanting; Seiler, Stephan - 2023

We quantify the prevalence of undisclosed influencer posts on Twitter across a large set of brands based on a unique data set of over 100 million posts. We develop a novel method to detect undisclosed influencer posts and find that 96% of influencer posts are not disclosed as such. Despite...

Persistent link: https://www.econbiz.de/10014422653

Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation

Baniak, Andrzejj; Grajzl, Peter - 2014

Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...

Persistent link: https://www.econbiz.de/10010413791