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Higher-moment liquidity risks and the cross-section of stock returns

Kim, Soonho; Na, Haejung - In: Journal of financial markets 38 (2018), pp. 39-59

Persistent link: https://www.econbiz.de/10012001138

The maximum bid-ask spread

Blau, Benjamin; Griffith, Todd; Whitby, Ryan J. - In: Journal of financial markets 41 (2018), pp. 1-16

Persistent link: https://www.econbiz.de/10012001724

Liquidity might come at cost : the role of heterogeneous preferences

Hauser, Shmuel; Kedar-Levy, Haim - In: Journal of financial markets 39 (2018), pp. 1-23

Persistent link: https://www.econbiz.de/10012001870

Funding constraints and liquidity in two-tiered OTC markets

Benos, Evangelos; Žikeš, Filip - In: Journal of financial markets 39 (2018), pp. 24-43

Persistent link: https://www.econbiz.de/10012001873

The real effects of bank distress : evidence from bank bailouts in Germany

Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019

How does bank distress impact their customers' probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times of distress and crisis, featuring the different...

Persistent link: https://www.econbiz.de/10012108717

Prognose von Insolvenzwahrscheinlichkeiten mit Hilfe logistischer neuronaler Netzwerke : eine Untersuchung von kleinen und mittleren Unternehmen

Anders, Ulrich; Szczesny, Andrea - 1996

In diesem Artikel prognostizieren wir Insolvenzwahrscheinlichkeiten von kleinen und mittleren Unternehmen, die bislang noch keine hinreichende Beachtung gefunden haben, obwohl diese Unternehmen besonders insolvenzgefährdet sind. Die Schwierigkeit bei der Insolvenzprognose von kleinen und...

Persistent link: https://www.econbiz.de/10011619995

Die Gründungsdynamik in technologieorientierten Industrien : eine Analyse der IAB-Beschäftigtenstatistik

Nerlinger, Eric A. - 1995

During the last years more and more discussions came up about the contribution of technology-oriented and technology-intensive industries for the economic development and employment. One reason for these contradictory evaluations of technology-intensive industries can be attributed to different...

Persistent link: https://www.econbiz.de/10011620522

Firm dynamics in East Germany : first empirical results

Harhoff, Dietmar; Stahl, Konrad - 1992

In this paper, we report results of an ongoing empirical analysis of firm dynamics in East Germany. After discussing specifics of a newly available data set with information on more than 100.000 firms, we analyze patterns of business starts and failures. Furthermore, we present preliminary...

Persistent link: https://www.econbiz.de/10011622666

Growth and exit of West German firms : an empirical investigation on the impact of liability statutes

Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael J. - 1995

In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop our central hypotheses on the basis of a simple theoretical model describing the self-selection of heterogeneous entrepreneurs into particular legal forms, and the implications...

Persistent link: https://www.econbiz.de/10011622932

Fire buys of central bank collateral assets

Roure, Calebe de - 2017

In times of financial distress, central banks provide unlimited liquidity to avoid fire sales. In response, banks raise … investigate how unlimited liquidity provision affects collateral prices. Also, I match banks' trades with their balance sheet and … show how funding liquidity impacts premia payment. I quantify the Fire Buy premium to be 15.6 bps; and the Risk …

Persistent link: https://www.econbiz.de/10011587096