Showing 1 - 10 of 1,175
This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...
Persistent link: https://www.econbiz.de/10011962798
Tolerance is a distinguishing feature of Western culture: There is a widespread attitude that people should be allowed to say what they want even if one dislikes the message. Still, the degree of tolerance varies between and within countries, as well as over time, and if one values this kind of...
Persistent link: https://www.econbiz.de/10011312192
Competition law compliance has become increasingly important in the banking industry as the number of infringements and … competition law infringements. Therefore, this article sets out an approach to assessing the residual risk of antitrust non …
Persistent link: https://www.econbiz.de/10011377828
In this paper we study how competition and financial soundness affect financial inclusion in Sub-Saharan Africa (SSA …). We use detailed individual-level survey data, combined with key country-level indicators of bank competition and …, and bank loans). We find that more competition tends to increase the probability of access to these financial products. On …
Persistent link: https://www.econbiz.de/10011978430
from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to … innovation and existing product competition using the geography of Chinese internet penetration and Chinese import data ….S. firms at a high rate, consistent with increased intellectual property competition. Overall, Chinese competition in …
Persistent link: https://www.econbiz.de/10011997582
We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis … competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization …
Persistent link: https://www.econbiz.de/10012102090
institutional framework, competition within markets is mainly characterized by peaceful and conflict-free rivalry between actors … that leads to an optimal allocation of resources. In such a setting, competition may be described as a "record-type" game …. This view, however, ignores the possibility that competition itself may very well trigger conflict rather than having an …
Persistent link: https://www.econbiz.de/10011607117
We show theoretically and empirically that executives are paid less for their own firm's performance and more for their rivals' performance if an industry's firms are more commonly owned by the same set of investors. Higher common ownership also leads to higher unconditional total pay. We...
Persistent link: https://www.econbiz.de/10011561142
Persistent link: https://www.econbiz.de/10011561809