Search Results - subject_exact:"Betriebliche Finanzwirtschaft"

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Voluntary environmental regulation, innovation and access to finance in Moroccan firms : revisiting Porter's hypothesis

Mansouri, Rim; Tounsi, Said - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616811

Mapping ESG, green finance, and sustainable financial performance research : trends, challenges, and prospects

Ms, Eka Indriyani; Alam, Syamsu; Munir, Abdul Razak - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616925

Money manager capitalism and the growth and spread of Ponzi finance, private market version

Tymoigne, Éric - 2026

Private debt and equity markets have been a funding source for nascent and credit constrained businesses for several decades. Following the 2008 financial crisis, an economic environment characterized by low interest rates, cautious banks, and tighter financial regulations - together with money...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654677

Fresh start or fresh water : the impact of environmental lender liability

Bellon, Aymeric - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609690

Asset pricing robustness in venture capital

Michopoulos, Ioannis; Scaillet, Olivier; Topaloglou, Nikolas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609793

Financial constraints, investment, and firm value : evidence from Vietnamese firms

Pham Quynh Xuan; Le Hau Long - 2026

In an imperfect capital market, firms face financial constraints due to information asymmetry. These constraints have a significant impact on the effectiveness of investment decisions. When either an underinvestment or overinvestment process occurs, it directly affects the firm's value. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609805

Government arrears and corporate policies : lessons from a natural experiment

Abad, José M.; Bermejo, Vicente J.; Cuñat, Vicente; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611089

Investment information sources and investment grip : evidence from Japanese retail investors

Yamaguchi, Manaka; Ogura, Kota; Kiba, Tomoka; Khan, … - 2026

Understanding how investors maintain positions during adverse market conditions, investment grip, is increasingly important as retail participation rises and information environments diversify. While prior research identifies demographic, psychological, and economic determinants of investment...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611407

IP finance in the music industry

Tschmuck, Peter; Collopy, Dennis; Handke, Christian - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611675

Multinational firms, internal borrowing, and domestic bank loans

Avdiu, Kujtim; Güntner, Jochen; Mayr, Karin; Segalla, … - 2026

We describe a novel mechanism via which multinational enterprises (MNEs) can serve to propagate productivity and credit supply shocks across borders. We augment the costly-state-verification model of Bernanke et al. [1999] with the internal capital market constraint of an MNE to analyze the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612336

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Multinational firms, internal borrowing, and domestic bank loans

Avdiu, Kujtim; Güntner, Jochen; Mayr, Karin; Segalla, … - 2025

Book / Working Paper

Financing the UK industrial transition

2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612501

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Financing the UK industrial transition

2026

Book / Working Paper

Managing the components of working capital in terms of economic recession : a synergistic effect on the financial and economic standing of a company

Iershova, Natalia Y.; Portna, Oksana V.; Mahdysiuk, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614233

Navigating credit dynamics : does it matter for firm-level investment? : evidence from AnaCredit

Kocabaş, Serkan; Saiz, Lorena - 2026

This study investigates how credit supply shocks impact firm-level investment across the euro area using the novel AnaCredit database. Employing the methodology developed by Amiti and Weinstein (2018), we decompose loan growth rates into four components: bank-specific, firm-specific,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592622

Personal financial planning and the propensity of central bank digital currency adoption

El Kalak, Izidin; Nourallah, Mustafa; Timmerman, Inga - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592810

Capacity expansion investment under financing constraint

Gan, Luoyuan; Wen, Xingang; Dawid, Herbert - 2026

This research studies a monopoly firm's timing and size decisions to introduce a new and partially substitutable product under demand uncertainty and financing constraint. Accessible financing resources for the investment are positively related to firm's revenues from the existing product. We...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015595814

New evidence on business investment and capital reallocation

Crispino, Marta; Loberto, Michele; Pavanello, Carlo; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015586849

The Financial Lobster Bias

Reyes Marín, Óscar De los; Paz Gil, Iria; … - 2026

The Financial Lobster Bias describes how SMEs, driven by distorted liquidity perceptions, engage in aggressive expansion until financial breakdown occurs. Using data from 10,412 Spanish SMEs (2000-2024), this study shows that liquidity misperception-measured through two versions of the Liquidity...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591400

Do zombies rise when interest rates fall : a relationship banking model

Herweg, Fabian; Kähny, Maximilian - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015583654

Finanzierungsvorteile von Staatsunternehmen

Salvi, Marco; Schnyder, Nina; Altorfer, Michael; Riva, Nick - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604164

Weaker today, stronger tomorrow : peer learning and firm innovation after the great recession

Traversa, Marina - 2026

Can a recession have a positive, long-term impact on firm innovation? A downturn represents an opportunity for firms to learn from their peers and try to understand the main drivers of resilience. If they deem R&D capital one of them, they may raise innovation in the following years, in order to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604364

Geopolitical risk and firm financing decision : can ESG performance act as a buffer?

Rakiman, Darryl Philip; Wilson, Eric; Wahyudi, Steven; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620171

When risk meets confidence : how ESG and innovation shape corporate finance in emerging markets

Husni, Tafdil; Rahim, Rida; Mardiani, Sari; Dwipananda, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620268

Kansantalouden ja yritysten kasvuharppaus : innovoinnissa ja rahoituksessa aihetta rationaaliseen optimismiin

Maliranta, Mika; Rouvinen, Petri - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620303

Euroisation and the bank lending channel of monetary policy : evidence from Czechia

Gric, Zuzana; Janků, Jan; Malovaná, Simona - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625688

Influence of company's tax exposure as capital structure decision on financial performance of state-owned sugar manufacturing corporation projects in Western Kenya

Kawour, Mathew Elijah; Rambo, Charles Mallans; Odundo, … - 2026

This study examined how a company's tax exposure, conceptualized as a capital structure decision factor, influences the financial performance of state-owned sugar manufacturing corporations in Western Kenya. Grounded in Modigliani and Miller's capital structure model and drawing on trade-off,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626433

The catalytic effect of bended finance

Panizza, Ugo - 2026 - This version April 2026

Development finance institutions mobilize over $250 billion annually through blended finance operations, yet practitioners lack a unified framework to evaluate its catalytic effect and for choosing among instruments. I develop a model of investment multipliers under two canonical market...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626560

Building trust : evidence from small business financing in Indonesia

Wijaya, Ibrahim Fatwa; Widjajanto, Anis; Prabowo, M. Agung - 2026

We discuss the trust-building process as well as trust violation and distrust in financing for small businesses at Islamic and conventional banks, a topic that receives little attention in the literature. We interview managers of Islamic and conventional banks in Indonesia. We find that the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626620

Monetary policy under multiple financing constraints

Pérez, Ander; Timmer, Yannick; Van der Ghote, Alejandro - 2026

We revisit the credit channel of monetary policy when firms face multiple financing constraints, a common feature of corporate financing we document empirically. Our theory shows that the multiplicity of constraints dampens the transmission of expansionary policy to firm borrowing and investment...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627078

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Monetary policy under multiple financing constraints

Pérez, Ander; Timmer, Yannick; Van der Ghote, Alejandro - 2026

Book / Working Paper

The financing structure of CESEE nonfinancial corporations during the 2020–2024 crises

Walko, Zoltan - 2026

This report analyzes and compares the financing structures of non-financial corporations (NFCs) in eleven CESEE economies (CESEE EU-MS) against the background of the recent COVID-19 and energy crises. It also puts developments across the region in a broader EU context. In addition, this report...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627130

How does the establishment of government industrial funds affect enterprise innovation in China? : a perspective from "bridging the equity gap"

Zhang, Yuxin; Zhou, Yaodong - 2026

Focusing on the role of government industrial funds in bridging the equity gap, in this paper, we examine how the establishment of government industrial funds (GIFs) affects enterprise innovation and the underlying mechanism of the guiding and synergistic effects on social capital. By conducting...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628398

Hybrid machine learning-econometric framework for financial distress scoring : evidence from German manufacturing firms

Farag, Karim; Ali, Loubna; Hamada, Mohamed Ahmed - 2026

Nowadays, the European economy faces significant global challenges that threaten the continuity of economic growth, especially in the German manufacturing sector, which is under strain from financial turmoil, resulting in numerous layoffs and firm closures. In this respect, FinTech significantly...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628559

Corporate ESG performance and capital-market value creation : evidence from China

Ning, Zhong; Chen, Geng; Qi, Xinzhou - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628723

Financing green industrial transitions under firm-level constraints : a comparative study of Brazil, India, Indonesia, and South Africa

Bartzokas, Anthony - 2026

Emerging economies face significant challenges in securing financial resources for green industrial transformation. This paper demonstrates that firm-level financial constraints systematically generate both emissions gaps and implementation gaps, constituting a first-order determinant of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637719

Token financing vs. equity and crowdfunding

Baranes, Edmond; Hege, Ulrich; Kim, Jin-Hyuk - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637923

Crowdfunding : a theory-centered review and roadmap of the multidisciplinary literature

Escudero, Stephanie B.; Anglin, Aaron H.; Allison, Thomas H. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638420

DeFi lending

Chiu, Jonathan; Danisman, Furkan - 2026 - Last updated: April 2, 2026

We study decentralized lending on Aave V3, the largest DeFi lending protocol by total value locked. Using transaction-level data, we analyze its revenue model, borrower behavior, and liquidation dynamics. We find that protocol earnings are concentrated in a few tokens, that many users engage in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638855

From crisis to crisis : assessment of financial performance of SMEs in the healthcare sector in Visegrad Countries

Dunay, Anna; Pataki, László; Illés, Csaba Bálint; … - 2026

The living standards of the population in Visegrad Countries (V4) have long been below the EU and OECD averages, and the increase of negative impacts and crisis phenomena may be detected in their health systems, too. Our study examines the similarities and differences of the SMEs of healthcare...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639579

Business owner wealth and the credit channel of monetary policy

Delēs, Manthos D.; Ferrando, Annalisa; Mulier, Klaas; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640042

Quasi-indexers' ownership and capital budgeting efficiency of firms

Zhang, Xiaowen - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641311

Credit allocation for SMEs in an aging economy : evidence from the COVID-19 and global financial crises in Japan$h

Tsuruta, Daisuke - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641519

Do lending standards matter for non-financial corporate credit? : evidence from Albania

Papavangjeli, Meri; Skufi, Lorena; Geršl, Adam - 2026

This study investigates the relationship between lending standards and credit dynamics in Albania. Using a unique bank-level dataset from the Bank Lending Standards Survey, we differentiate between newly issued domestic-currency and foreign-currency loans to non-financial corporations. We...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641880

How does the "pecking order" of financing channels drive green innovation efficiency? : The agency cost mechanism of heterogeneous financing preferences in new energy enterprises under dual carbon goals

Su, Lijuan; Wu, Tiantian - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641883

Bankruptcy law reform and its impact on firms' borrowing : a South Asian experience

Puri, Swati Kumaria; Fang, Jiali; Wongchoti, Udomsak; … - 2026

With the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, India reformed and unified its fragmented insolvency frameworks into a single comprehensive law designed to prioritize asset maximization and ensure time-bound resolutions. Through a quasi-experimental setting, we examine...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015643181

Corporate finance in the theory of innovative enterprise

Lazonick, William - 2026

In my research on innovative enterprise and sustainable prosperity, I use the "theory of innovative enterprise" to examine how modes of corporate finance-founder investments, private placements, initial public offerings, retained earnings, secondary stock issues, employee stock options,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644052

SME financing in Ireland revisited : exploring the long shadow of the financial crisis

Coates, Dermot; McIndoe-Calder, Tara; O'Toole, Conor; … - 2026

The functioning of credit markets and their impact on economic activity came to the fore in Ireland following the 2007 global financial crisis. The major challenges in the banking sector led to a severe contraction in credit availability, in particularly for small- and medium-sized firms. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644098

False reality bias in treasury management

Reyes Marín, Óscar De los; Paz Gil, Iria; … - 2026

This study examines the False Reality Bias in treasury management, a cognitive distortion through which small and medium-sized enterprises (SMEs) infer financial stability from salient bank balances while overlooking pending obligations and cash-flow timing. Using a firm-level dataset of 50...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644196

Trends in capital structure : a bibliometric analysis to support the construction of decision-support methodologies

Passos, José Matheus Ferreira Gomes dos; Fonseca, … - 2026

This paper presents a bibliometric analysis and literature review of methodologies for optimal capital structure decision making, focusing on research published between 2000 and 2024. This study reviews current research, identifies gaps, and outlines a plan to support with financial decisions. A...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644227

Demand shocks in equity markets and firm responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655743

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Demand shocks in equity markets and firm responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

Book / Working Paper

Demand shocks in equity markets and firm responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

Book / Working Paper

Does Automatic Loan Approval Reduce Gender Bias in SME Lending?

Arraiz, Irani; Bruhn, Miriam; Ruiz Ortega, Claudia - 2026

This paper examines whether automatic credit approval can reduce gender bias in lending to small and medium-sized enterprises. The study team collaborated with a bank in Peru that piloted a new screening tool to generate psychometric credit scores. Applicants who scored above a predefined...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655976

An assessment of liquidity, profitability and working capital management strategy in Polish manufacturing companies in the pressure-casting industry during the crisis

Zimon, Grzegorz; Habib, Ahmed Mohamed; Tarighi, Hossein; … - 2026

This study assesses liquidity, profitability, and working capital management (WCM) strategy in Polish manufacturing companies in the pressure-casting industry, drawing on evidence from the pre-COVID-19, COVID-19, and Russia-Ukraine war periods. Using panel data from 19 companies representing 90%...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656268