Haku
Viitteet 31-40 / 51
Covid-19 pandemic, state aid and firm productivity
(14.01.2022)
Bank of Finland Research Discussion Papers 1/2022
Bank of Finland Research Discussion Papers 1/2022
We study the consequences of the COVID-19 pandemic on productivity by matching firm performance outcomes with corresponding firm-level information on government support. Our cross-country evidence for five EU countries ...
Euro Area Business Confidence and Covid-19
(15.03.2021)
Bank of Finland Research Discussion Papers 4/2021
Bank of Finland Research Discussion Papers 4/2021
I study the effects of the Covid-19 pandemic on business confidence in 11 Euro area countries and its consequent impact on economic activity. To obtain causal effects, I instrument business confidence with domestic household ...
Innovation, reallocation and growth
(25.09.2013)
Bank of Finland Research Discussion Papers 22/2013
Bank of Finland Research Discussion Papers 22/2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative ...
Firm turnover in the export market and the case for fixed exchange rate regime
(07.01.2020)
Bank of Finland Research Discussion Papers 1/2020
Bank of Finland Research Discussion Papers 1/2020
This paper revisits the case for exible vs. fixed exchange rate regime in a two-country model with firm heterogeneity and nominal wage rigidity under incomplete financial markets. Dampening nominal exchange rate fluctuations ...
The net worth trap: investment and output dynamics in the presence of financing constraints
(16.11.2014)
Bank of Finland Research Discussion Papers 26/2014
Bank of Finland Research Discussion Papers 26/2014
We study the impact of financing constraints on investment and output dynamics, in a continuous time setting with output a linear function of capital. Decline of net worth reduces investment and, if firms can rent capital ...
Yritysten likvidien varojen kysyntä Suomessa 1960-1985
(08.11.1988)
Bank of Finland Research Discussion Papers 25/1988
Bank of Finland Research Discussion Papers 25/1988
Tutkimuksessa tarkastellaan suomalaisten yritysten likvidien varojen eli rahoitus- ja vaihto-omaisuuden sekä velkojen kehitystä 60-luvun alusta vuoteen 1985. Teollisuudesta kartoitetaan eräitä aiempia tutkimuksia sekä ...
Firm growth : Adjustment and fluctuations
(09.11.1988)
Bank of Finland Research Discussion Papers 26/1988
Bank of Finland Research Discussion Papers 26/1988
Firm growth is analysed using panel data for a sample of Finnish firms over the period 1978 - 1985. The paper focuses on the relationship between firm characteristics and growth, paying attention to both latent and measured ...
Biased beliefs, costly external finance, and firm behavior : A Unified theory
(09.09.2019)
Bank of Finland Research Discussion Papers 18/2019
Bank of Finland Research Discussion Papers 18/2019
Overconfidence and overextrapolation are two behavioral biases that are pervasive in human thinking. A long line of research documents that such biases influence business decisions by distorting managers' expected productivity. ...
Pääoma- ja yritysverouudistuksen vaikutukset teollisuuden rahoitusrakenteeseen
(05.02.1993)
Bank of Finland Research Discussion Papers 2/1993
Bank of Finland Research Discussion Papers 2/1993
Kaavailtu yritys- ja pääomaverouudistus laskee ja yhtenäistää eri pääomatulojen verokantoja ja siten muuttaa eri rahoitusmuotojen suhteellisia kustannuksia. Tässä selvityksessä velka- ja osakerahoituksen ja jakamattomien ...
Does social capital matter in corporate decisions? Evidence from corporate tax avoidance
(10.08.2017)
Bank of Finland Research Discussion Papers 21/2017
Bank of Finland Research Discussion Papers 21/2017
We investigate whether the levels of social capital in US counties, as captured by strength of civic norms and density of social networks in the counties, are systematically related to tax avoidance activities of corporations ...