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Labor Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing

Kabaca, Serdar - 2011

This paper contributes to the literature by documenting labor income share fluctuations in emerging economies and proposing an explanation for them. We show that emerging markets differ from developed markets in terms of changes in the labor share over the business cycle. Labor share is more...

Persistent link: https://www.econbiz.de/10010500184

Verbessern Internet-Kreditmärkte den Kreditzugang für Unternehmerinnen?

Barasinska, Nataliya; Schäfer, Dorothea - In: DIW Wochenbericht 77 (2010) 31, pp. 2-7

Unternehmerinnen und Gründerinnen sind eine Minderheit unter den Geschäftskunden einer Bank. Wissenschaftliche Studien über traditionelle Kreditmärkte zeigen für Unternehmerinnen oft eine im Vergleich zu Unternehmern geringere Wahrscheinlichkeit für eine Kreditzusage oder höhere...

Persistent link: https://www.econbiz.de/10011602210

External finance, firm growth and the benefits of information disclosure: Evidence from Finland

Hyytinen, Ari; Pajarinen, Mika - 2002

In this paper we study the relation between firm-level disclosure quality and the availability of external finance to firms. Using data on Finnish firms that are mostly private and small, we first estimate ‘excess growth’ made possible by external finance. We then show that the excess growth...

Persistent link: https://www.econbiz.de/10010285049

Do financial constraints hold back innovation and growth? Evidence on the role of public policy

Hyytinen, Ari; Toivanen, Otto - 2003

This paper provides evidence that capital market imperfections hold back innovation and growth, and that public policy can complement capital markets. We deliver the evidence by studying the effects of government funding on the behavior of SMEs in Finland. By adapting the methodology recently...

Persistent link: https://www.econbiz.de/10010285181

Management ownership and firm's value: An empirical analysis using panel data

Lee, Sang-Mook; Ryu, Keunkwan - 2003

Demsetz and Lehn (1985), Morck, Shleifer, and Vishny (1988), and McConnell and Servaes (1990) report different empirical findings regarding ownership structure and corporate profitability. In this paper, we re-estimate the relation between management ownership and firm's value after controlling...

Persistent link: https://www.econbiz.de/10010332313

Determinants of corporate financing decisions: A survey evidence from Czech firms

Jindřichovská, Irena; Körner, Pavel - 2008

This paper investigates the empirical evidence on determinants of financing decisions on the pool of respondents among financial managers of Czech firms. The theoretical section provides an overview of prominent contemporary theories on capital structure. Employing Chi-square Sign Test and Logit...

Persistent link: https://www.econbiz.de/10010322315

The role of skill enhancing trade in Brazil: some evidence from microdata

Araújo, Bruno Cesar; Bogliacino, Francesco; Vivarelli, … - 2009

Brazil was characterised by a marked process of trade liberalisation in the ‘90s, resulting in a dramatic …

Persistent link: https://www.econbiz.de/10010266683

The role of skill enhancing trade in Brazil: some evidence from microdata

Araújo, Bruno Cesar; Bogliacino, Francesco; Vivarelli, … - 2009

Brazil was characterised by a marked process of trade liberalisation in the 1990s, resulting in a dramatic increase in …

Persistent link: https://www.econbiz.de/10010269201

Does halo effect of innovative firms moderate the impact of working capital efficiency on firm value? Evidence from India

Kundu, Sayantan; Quddus, Kamran; Sharma, Nistala Jagannath - In: Cogent Economics & Finance 10 (2022) 1, pp. 1-23

perceived to be innovative are not penalised in terms of valuation even if they follow inefficient WCM. However, firms that … belong to industry sectors that are perceived to be non-innovative experience a drop in their valuation if their WCM is … effect obscures the true valuation. Hence, investors should learn to avoid valuing innovative firms' WCM based merely on …

Persistent link: https://www.econbiz.de/10015074299

Liquidity premia, price-rent dynamics, and business cycles

Miao, Jianjun; Wang, Pengfei; Zha, Tao - 2014

In the U.S. economy during the past 25 years, house prices exhibit fluctuations considerably larger than house rents, and these large fluctuations tend to move together with business cycles. We build a simple theoretical model to characterize these observations by showing the tight connection...

Persistent link: https://www.econbiz.de/10010397698