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Displaying results 1 to 14 of 14.

  1. Competition and risk taking in local bank markets
    evidence from the business loans segment
    Published: [2023]
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 11250/3068429
    Series: Discussion paper / NHH, Department of Economics ; SAM 2023, 10 (May 2023)
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. Who is to suffer?
    quantifying the impact of sanctions on German firms
    Published: [2023]
    Publisher:  Kiel Institute for the World Economy, [Kiel]

    In this paper, we use a novel firm level dataset for Germany to investigate the effect of sanctions on export behaviour and performance of German firms. More specifically, we study the sanctions imposed by the EU against Russia in 2014 in response to... more

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    In this paper, we use a novel firm level dataset for Germany to investigate the effect of sanctions on export behaviour and performance of German firms. More specifically, we study the sanctions imposed by the EU against Russia in 2014 in response to the annexation of Crimea and Russia's countermeasures. We find a substantial negative effect on both the extensive and intensive margin of German exports. While the negative effects are strongest for firms exporting products subject to trade restrictions, we provide further evidence on the indirect effects of sanctions. Analysing the impact on broader measures of firm performance, we document that the cost of sanctions is heterogeneous across firms but overall modest. Our results reveal that the negative impact of the shock was concentrated primarily among a small number of firms that were highly dependent on Russia as an export market and those directly affected by the sanctions.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/271115
    Series: Kiel working paper ; no. 2248 (May 2023)
    Subjects: sanctions; foreign policy; trade; firm behaviour; Germany
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  3. Who is to suffer?
    quantifying the impact of sanctions on German firms
    Published: May 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    In this paper, we use a novel firm level dataset for Germany to investigate the effect of sanctions on export behaviour and performance of German firms. More specifically, we study the sanctions imposed by the EU against Russia in 2014 in response to... more

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    In this paper, we use a novel firm level dataset for Germany to investigate the effect of sanctions on export behaviour and performance of German firms. More specifically, we study the sanctions imposed by the EU against Russia in 2014 in response to the annexation of Crimea and Russia's countermeasures. We find a substantial negative effect on both the extensive and intensive margin of German exports. While the negative effects are strongest for firms exporting products subject to trade restrictions, we provide further evidence on the indirect effects of sanctions. Analysing the impact on broader measures of firm performance, we document that the cost of sanctions is heterogeneous across firms but overall modest. Our results reveal that the negative impact of the shock was concentrated primarily among a small number of firms that were highly dependent on Russia as an export market and those directly affected by the sanctions.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/278844
    Series: Discussion paper series / IZA ; no. 16146
    Subjects: sanctions; foreign policy; trade; firm behaviour; Germany
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  4. Financial intermediation and new technology
    theoretical and regulatory implications of digital financial markets
    Published: [2023]
    Publisher:  Banca d'Italia, [Rom]

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    VS 547
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    Source: Union catalogues
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    Series: Questioni di economia e finanza / Banca d'Italia ; number 758 (April 2023)
    Subjects: firm behaviour; international financial markets; financial institutions; financial policy and regulation; risk management
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  5. Impact of easing restrictions on restaurant inflation
    normalization processes in Türkiye during COVID-19
    Published: [2023]
    Publisher:  Central Bank of the Republic of Turkey, Head Office, Structural Economic Research Department, Ankara, Turkey

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 496
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    Source: Union catalogues
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    Series: Working paper / Türkiye Cumhuriyet Merkez Bankası ; no: 23, 03 (October 2023)
    Subjects: firm behaviour; inflation; microeconometrics
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  6. Reconsidering the rise of ‘shareholder value’ in the United States, 1960 - 2000
    Published: 2015
    Publisher:  London School of Economics, Dept. of Economic History, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economic history working papers / LSE, Economic History Department ; 214
    Subjects: corporate governance; shareholder; corporations; firm behaviour; corporate payout; corporate control; firm objectives; management
    Scope: Online-Ressource ([36] S.), graph. Darst.
  7. Raising the standard
    minimum wages and firm productivity
    Published: May 2015
    Publisher:  National Institute of Economic and Social Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NIESR discussion paper ; no. 449
    Subjects: minimum wage; labour costs; productivity; firm behaviour
    Scope: 1 Online-Ressource (circa 36 Seiten)
  8. Bank consolidation, interest rates, and risk
    a post-merger analysis based on loan-level data from the corporate sector
    Published: 2021
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/2834373
    Series: Discussion paper / NHH, Department of Economics ; SAM 2021, 20 (November 2021)
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  9. Bank consolidation, interest rates, and risk
    a post-merger analysis based on loan-level data from the corporate sector
    Published: December 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no increase... more

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    In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no increase of concentration of new loans. The concentration in affected markets (markets where both merging parties were present) developed similarly to unaffected markets. Moreover, the interest rate tended to be lower in the affected markets relative to unaffected markets, but this relationship is weak and not statistically significant. The merger also affected the riskiness of loans only marginally. These weak effects could be the result of efficiency gains in the form of lower costs being pass-through to customers, and the increased market power (and consequently higher interest rates) cancelled each other out. The remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of the modest effects of the merger. The weak effects are largely coincident with international literature showing the effects of mergers and acquisitions in the banking sector to be modest.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/249025
    Series: CESifo working paper ; no. 9480 (2021)
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  10. Bank consolidation, interest rates, and risk
    a post-merger analysis based on loan-level data from the corporate sector
    Published: April 2021
    Publisher:  Centre for Applied Research at NHH, Bergen, Norway

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: SNF working paper ; no. 21, 04
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  11. Open labor markets and firms' substitution between training apprentices and hiring workers
    Published: March 2020
    Publisher:  Universität Zürich, IBW - Institut für Betriebswirtschaftslehre, Zürich

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    VS 588
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Swiss Leading House ; no. 179
    Subjects: immigration; cross-border workers; firm behaviour; labor demand; substitutioneffects; apprenticeship training
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  12. Firms' participation in the COVID-19 loan programme
    Published: 2020
    Publisher:  Swiss National Bank, Zurich

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    VS 555
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: SNB working papers ; 2020, 25
    Subjects: COVID-19; loan programme; guarantees; firm behaviour
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  13. Payroll tax reductions for minimum wage workers
    relative labor cost or cash windfall effects?
    Published: April 2024
    Publisher:  CESifo, Munich, Germany

    This paper uses administrative employer-employee data to uncover the effects of a large payroll tax reduction for minimum-wage workers in France. Exploiting the change in labor costs both at the job level and at the firm level, I find that the policy... more

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    This paper uses administrative employer-employee data to uncover the effects of a large payroll tax reduction for minimum-wage workers in France. Exploiting the change in labor costs both at the job level and at the firm level, I find that the policy spurred an additional 13 percentage points increase in the number of minimum-wage jobs, and that these extra jobs stem exclusively from firms which had previously very few or no minimum-wage workers. On the other hand, firms which already employed workers at minimum-wage levels, and therefore benefit ex ante from a cash windfall, increase employment irrespective of wage levels. These firms grow by an additional 4 percent in the first two years following the reform. This effect is stronger in liquidity-constrained and credit-constrained firms. Overall, these results show that not all firms react to changes in relative labor costs and highlight the importance of alleviating liquidity constraints for firm growth.

     

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    Source: Union catalogues
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    hdl: 10419/296165
    Series: CESifo working papers ; 11076 (2024)
    Subjects: payroll taxes; firm behaviour; rent sharing; minimum wage
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  14. Competition and risk taking in local bank markets
    evidence from the business loans segment
    Published: May 2023
    Publisher:  CESifo, Munich, Germany

    This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on observed... more

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    This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on observed market shares, we use the distance between bank branches and firms to measure the competitiveness of local markets. The cross-sectional and longitudinal variation in competition in local markets are used to identify the relationship between competition and risk taking, which we measure by the non-performing loans and loss provision rates of the individual banks. We find that more competition leads to more risk taking. We also examine the effects of bank competition on the availability of loans. More competition leads to lower interest rates and higher loan volumes, but also makes it more difficult for small and newly established firms to obtain a loan.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/279197
    Series: CESifo working papers ; 10448 (2023)
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen