External Financial Dependence and Firms' Crisis Performance Across Europe

DSpace Repositorium (Manakin basiert)

Zur Kurzanzeige

dc.contributor.author Eppinger, Peter
dc.contributor.author Neugebauer, Katja
dc.date.accessioned 2021-01-13T08:32:25Z
dc.date.available 2021-01-13T08:32:25Z
dc.date.issued 2021-01-13
dc.identifier.other 1744501858 de_DE
dc.identifier.uri http://hdl.handle.net/10900/111396
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-1113967 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-52772
dc.description.abstract How do financial market conditions affect real economic performance? Empirical investigations of this question have often relied on measures of external financial dependence (EFD) that are constructed using U.S. data and applied to other countries under the assumption of a stable industry ranking across countries. This paper exploits unique, comparable survey data from seven European countries to show that correlations of EFD across countries are weak, casting some doubt on this assumption. We then use the novel survey-based EFD index to show that the global financial crisis had a disproportionately negative impact on the real performance of financially dependent firms. Further investigations highlight the importance of supply chains in propagating the credit shock. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Finanzkrise , Europa de_DE
dc.subject.ddc 330 de_DE
dc.subject.other External financial dependence en
dc.subject.other financial constraints en
dc.subject.other financial crisis en
dc.subject.other firm performance en
dc.title External Financial Dependence and Firms' Crisis Performance Across Europe en
dc.type Article de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.opus.portal utwpbusinesseco de_DE
utue.publikation.source University of Tübingen Working Papers in Business and Economics ; No. 141 de_DE

Dateien:

Das Dokument erscheint in:

Zur Kurzanzeige