Haku
Viitteet 21-30 / 34
Private benefits of control and bank loan contracts
(31.01.2018)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper investigates whether or not private benefits of control by managers and large shareholders influence the financing cost of firms. Evidence shows that lending banks demand a significantly higher loan spread, ...
Accounting quality in banking : The role of regulatory interventions
(26.11.2018)
Journal of Banking & Finance December ; 2018
Journal of Banking & Finance December ; 2018
Using the full sample of U.S. banks and hand-collected data on enforcement actions over 2000–2014, we analyze the role of these interventions in promoting several aspects of accounting quality. We find that enforcement ...
Innovation, Reallocation, and Growth
(15.11.2018)
American Economic Review 11 ; November
American Economic Review 11 ; November
We build a model of firm-level innovation, productivity growth, and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms ...
Chinese Services Gaining Significance in Global Production Chains
(21.06.2018)
Asian Economic Papers 2 ; Summer 2018
Asian Economic Papers 2 ; Summer 2018
China has been a key participant in international fragmentation of production during the last decades. China has specialized mainly in labor-intensive manufacturing, but is striving to shift toward higher value-added ...
Bailouts, franchise value and moral hazard in banking
(15.06.2018)
Singapore Economic Review 3
Singapore Economic Review 3
Policy discussions are dominated by the view that governmental safety nets offered to banks cause moral hazard and encourage risk-taking. However, [Cordella, T and E Levy Yeyati (2003). Bank bailouts: moral hazard vs. value ...
The role of auditors in merger and acquisition completion time
(15.11.2018)
International Journal of Auditing 3
International Journal of Auditing 3
Using a sample of 664 merger and acquisition (M&A) transactions and office‐level audit data, this study investigates the role of auditors in M&A completion time. We find that having a common auditor for both acquirer and ...
State enforceability of noncompete agreements : Regulations that stifle productivity!
(23.02.2018)
Human resource management 1
Human resource management 1
Noncompete agreements (also known as covenants not to compete [CNCs]) are frequently used by many businesses in an attempt to maintain their competitive advantage by safeguarding their human capital and the associated ...
Finanssisyklit taloustieteellisessä kirjallisuudessa : kirjallisuuskatsaus
(15.10.2018)
Kansantaloudellinen aikakauskirja 3/2018
Kansantaloudellinen aikakauskirja 3/2018
Vuosikymmenten tauon jälkeen rahoitusmarkkinat ovat jälleen makrotaloustieteen keskeinen tutkimuskohde. Finanssisyklit ovat uusi käsite, jonka merkitys on vakiintumassa. Nämä syklit vaikuttavat etenkin luottokantoihin ja ...
Do venture capital firms benefit from a presence on boards of directors of mature public companies?
(29.12.2017)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper examines the benefits to venture capital firms of their officers holding directorships in mature public companies in terms of fundraising and investment performance. Our empirical results show that venture capital ...
Determinants of Bank Closures : Do Levels or Changes of CAMEL Variables Matter?
(15.06.2018)
Russian Journal of Money and Finance 2 ; 2018
Russian Journal of Money and Finance 2 ; 2018
This study examines the role of levels and changes in bank balance sheet variables in explaining bank closure. Using a unique set of monthly bank-level panel data from Russia, we estimate determinants of bank license ...