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1 - 8 van 8 voor financially dependent firms
How Large was the Credit Crunch in the OECD?
... , a relatively higher cost of external financing implies slower growth for financially dependent firms. by testing whether financially dependent firms grew slower during the crisis, we thus indirectly test for a ... two effects with the credit crunch financially dependent firms were hit harder in countries with more leveraged banking systems, and firms with higher liquidity needs were hit harder ...
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Flexibility, Dualism and the Great Recession
... strictness of epl for permanent contracts and share of temporary contracts in total (dependent) employment -0.72 strictness of epl for permanent contracts and transition probability ... financially constrained firms have a larger proportion of fixed-term contracts (higher volatility of total employment) reducing access to finance we cannot exit from dualism as liquidity constraints induce small firms ...
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dp174-flexible-retirement.pdf
... shock. allowing individu- als to make their retirement decision dependent on their future state implies that they do not have ... taking up their pension benefits earlier or later. in addition, financially illiterate workers may be unable to judge whether early ... profiles cause distortions in the hiring and firing decisions of firms. moreover, they contribute to the ,,golden chains for older workers, ...
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Manager turnover and firm performance
... firms doing fine over a period up to three years before the chapter 11 filing. their estimates suggest that managers in both samples make similar decisions and that managers of financially distressed firms ... level, at the 5 percent level. 27 table 4 manager turnover and firm outcomes (dependent variable performance changes after resignation) performance changes (1) ols 14 ttp ttp ttp baseline ...
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Microsoft Word - cpbdoc_tang.doc
... in pension levels would be resisted by retirees, a financially equivalent increase in retirement age should find support ... directly from demographic projections. the investment-production decision of firms is modelled in less detail than the savings-consumption ... 1980). table 4.1 relationship between savings and investment (dependent variable i y) feldstein and horioka (1980) obstfeld and rogoff ...
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Microsoft Word - Memorandum_Dutch Hospitals.doc
... fulfilled as hospitals are often characterised as multi-product firms. inpatient care is not homogeneous as services often differ ... reform. although the government set up a formula to financially compensate these hospitals, the indigent hospitals fear it is ... necessarily exist. the outcome of competition is often situation-dependent. for example, in some areas competitors tailored investments in ...
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structural estimates equilibrium unemployment six oecd economies pdf
... paul de jongh for statistical assistance. the research has been financially supported by the european commission. the responsibility for the ... process, but is determined by firms. however, the labour demand function of firms is known by both firms and unions, and is ... layard and nickell tyrvainen united states layard et al. tyrvainen dependent variable in all equations is the real wage rate (ln w ...
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Manager turnover and firm performance
... of labour market considerations. 1992 reward for firms engaging partially disabled; fine for firms if worker becomes disabled. 1993 lower ... both the duration and the level of the benefit became dependent on the recipient s age and employment history. however, ... retirees in the transitional (and financially attractive) scheme. e early retirees in the new (and financially less attractive) scheme. table 3 ...
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