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Loan availability and investment: Can innovative companies better cope with loan denials?
Mueller, Elisabeth; Reize, Frank - 2010
This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …
Persistent link: https://www.econbiz.de/10010300385
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Short-term borrowing for long-term projects: Are family businesses more susceptible to 'irrational' financing choices?
Peters, Bettina; Westerheide, Peter - 2011
There are noticeable differences between the roles that various forms of credit financing play in family businesses and in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations, and they particularly often resort to the short-term...
Persistent link: https://www.econbiz.de/10010304338
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Short-term borrowing for long-term projects: Are family businesses more susceptible to 'irrational' financing choices?
Peters, Bettina; Westerheide, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
There are noticeable differences between the roles that various forms of credit financing play in family businesses and in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations, and they particularly often resort to the short-term...
Persistent link: https://www.econbiz.de/10008869220
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Interpreting estimation results of Euler equation investment models when factor markets are imperfectly competitive
Janz, Norbert - 1997
In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to …
Persistent link: https://www.econbiz.de/10010297566
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Investment and employment adjustment after unification : some results from a macroeconometric disequilibrium model
Radowski, Daniel; Smolny, Werner; Winker, Peter - 1999
model is used to assess this development. In particular, estimation results for investment and employment adjustment after … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be … analysed with the same theoretical model for West and East Germany. However, the adjustment speed for investment differs …
Persistent link: https://www.econbiz.de/10010297654
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Loan availability and investment: Can innovative companies better cope with loan denials?
Mueller, Elisabeth; Reize, Frank - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …
Persistent link: https://www.econbiz.de/10008494188
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Underdiversification in Private Companies: Required Returns and Incentive Effects
Müller, Elisabeth - 2004
effort. The results have important consequences for investment decisions at private companies. …
Persistent link: https://www.econbiz.de/10010297370
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Who Chooses Whom? Syndication, Skills and Reputation
Tykvová, Tereza - 2005
Syndication, which is a joint realization of one project/one investment by several capital providers, is a long …
Persistent link: https://www.econbiz.de/10010297486
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Returns to Private Equity: Idiosyncratic Risk Does Matter!
Müller, Elisabeth - 2007
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10010298006
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Returns to private equity: idiosyncratic risk does matter!
Müller, Elisabeth - 2009
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10010299466