When unemployed persons start businesses, they are often characterized as necessity entrepreneurs because push motives, namely their unemployment, likely prompted their decision. Based on a panel data set of more than 2600 start-ups by unemployed ...
Aufbauend auf der Klassifikation vom dezentralen und zentralen Banking untersucht dieser Beitrag die Diversität in der Unternehmenskreditvergabe des Vereinigten Königreichs. Anhand von Experteninterviews und Literaturrecherche wurde die Distanz in ..
This study investigates the payout policy of state-owned municipal firms. Based on insights from agency theory we derive an empirically testable model based on Lintner's corporate dividend policy model accounting for the characteristics of state ...
Many industries are seeing an increase in concentration, leading to a discussion on the effectiveness of horizontal merger enforcement. The policy debate shows that one of the key arguments put forward when supporting potential mergers is the ...
Abstract: I derive an optimal benefit-based corporate tax rate formula as a function of the public input elasticity of profits and the (net of) tax elasticity of profits. I argue that the existence of the corporate income tax should be ...
Die Analyse beleuchtet die Aspekte diversifizierter Marktstrukturen sowie regional ausgerichteter Geschäftsmodelle als vorteilhaft für Finanzstabilität. Heterogenität schützt vor gleichgerichtetem Marktverhalten. Regionale Kreditinstitute können das
This workshop brings together high profile junior researchers from leading universities in Europe and the US, who present recent work on the nexus of firms and productivity in developing economies. The workshop is jointly organized by researchers ...
The project examines the transmission channels between public investment and private investment activity in Germany, estimating the aggregate relationship with econometric models, focusing on the specific effects of individual investment categories ...
Abstract: Antitrust authorities try to detect and sanction existing cartels and hinder the formation of new ones. Firms nevertheless try to collude while avoiding sanctions, for example by colluding tacitly instead of explicitly forming a cartel. In ...
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