Zusammenfassung Über die vergangenen Jahre stellte sich der Status quo Kommunalfinanzierung in Deutschland als recht stabil dar. Der Kommunalkredit ist dabei insbesondere für Investitionen eine zentrale Säule Finanzierung. Größere Veränderungen waren den letzten Jahren sowohl auf Nachfrage- wie Angebotsseite nicht zu beobachten. Die wirtschaftlichen Folgen Corona-Pandemie könnten beide Marktsei...

The current crisis in the global economy and the stiff competition has led many firms to recognize the importance of managing their logistic network for organizational effectiveness, improved customer value, better utilization of resources, and increased profitability. The logistics business in Spain continues rising mainly by the new electronics market. In 2008 the turnover of logistics activi...

We used an integrative qualitative descriptive review methodology to survey the literature on COVID-19 pandemic understand how devastated businesses as well emphasise benefit of understanding possible opportunities that emerge from a crisis. The discussions are framed within purview resilience and vulnerability theory, including resource-based view. Findings indicate result sudden emergence COV...

Recent emerging market experience highlights that, in general, banking crises begin before currency crises. While empirical research is yet to establish the direction of causality, BOP crises have been interpreted and modeled only as consequence of financial sector meltdowns in the recent crisis literature. The evidence points out that equity and real estate prices decline well in advance of BO...

This paper aims to learn about the determinants and impacts of innovative activities on manufacturing firms’ productivity performance during 1998-2001 in Argentina, a period characterized by a long stagnation that finally led to the worst crisis in the country’s history. The results show that even in a very hostile scenario, a large number of Argentine manufacturing firms maintained their in ho...

We show that the value of corporate diversification increased during the 2007–2009 financial crisis. Diversification gave firms both financing and investment advantages. First, conglomerates became significantly more leveraged relative to comparable focused firms. Second, conglomerates’ access to internal capital markets became more valuable not just because external capital markets became more...

In the aftermath of the Asian financial crisis in Korea, the credit guarantee policy was used as an instrument by the government to support small and medium enterprises (SMEs). However, the effect of the credit guarantee has not been carefully studied and the policy has been criticized for impairing development of innovative private financial sector and for making SMEs highly dependent on gover...

In this paper, we study the corporate transparency choices of firms operating in a weak institutional environment. We argue that in relationship-based systems, high levels of corporate transparency and strong political connections are alternative means to create firm value. Firms can try to commit to more transparency by issuing securities abroad. However, the expanded disclosures and additiona...