Browsing Department of Economics (ECO) by Subject "G34"

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Browsing Department of Economics (ECO) by Subject "G34"

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    Title: Stakeholder Capitalism, Corporate Governance and Firm Value  Author(s): ALLEN, Franklin; CARLETTI, Elena; MARQUEZ, Robert Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: In countries such as Germany, the legal system is such that firms are necessarily stakeholder oriented. In others like Japan social convention achieves a similar effect. We analyze the advantages and disadvantages of ...
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    Title: The Structure of Multiple Credit Relationships: Evidence from US Firm  Author(s): GUISO, Luigi; MINNETTI, Raul Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: When firms borrow from multiple concentrated creditors such as banks they appear to differentiate their allocation of borrowing. In this paper, we put forward hypotheses for this borrowing pattern based on incomplete ...