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dc.contributor.advisorJurajda, Štěpán
dc.creatorJoeveer, Karin
dc.date.accessioned2018-10-02T16:54:29Z
dc.date.available2018-10-02T16:54:29Z
dc.date.issued2008
dc.identifier.urihttp://hdl.handle.net/20.500.11956/14546
dc.description.abstractThis dissertation consists of three essays about firm financing. The first essay detects the bank-firm relationship in a transition country while the second and third essays address the importance of country factors in a company's capital structure decisions. The question of the extent in which the financial sector problems "spill over" to firms is an important issue to study and it is particularly under-explored in the context of transition economies, where the financial systems are fragile. In my first essay I study the effect of an Estonian bank's failure in 1998 on its corporate loan clients by comparing the performance of clients to that of a random sample of other firms. First, I analyze whether bank bankruptcy causes the bankruptcy of client firms. I find that client firms are less likely to survive until 2000 even after controlling for their pre- bank bankruptcy performance. Second, I analyze the behavior of firms' profitability, liquidity, and growth of fixed assets. I find liquidity to be the only variable that decreases for the client firms compared to the control firms after the bank bankruptcy. In my second essay I evaluate the importance of firm-specific, country- institutional and macroeconomic factors in explaining the firm leverage variation simultaneously. I use a large European...en_US
dc.languageEnglishcs_CZ
dc.language.isoen_US
dc.publisherUniverzita Karlova, Fakulta sociálních vědcs_CZ
dc.titleEssays in Corporate Financeen_US
dc.typedizertační prácecs_CZ
dcterms.created2008
dcterms.dateAccepted2008-07-29
dc.description.departmentCERGEcs_CZ
dc.description.facultyFaculty of Social Sciencesen_US
dc.description.facultyFakulta sociálních vědcs_CZ
dc.identifier.repId175935
dc.contributor.refereeOngena, Steven
dc.contributor.refereeKotrba, Josef
dc.identifier.aleph002068365
thesis.degree.namePh.D.
thesis.degree.leveldoktorskécs_CZ
thesis.degree.disciplineEconomicsen_US
thesis.degree.disciplineEkonomiecs_CZ
thesis.degree.programEkonomické teoriecs_CZ
thesis.degree.programEconomic Theoryen_US
uk.thesis.typedizertační prácecs_CZ
uk.taxonomy.organization-csFakulta sociálních věd::CERGEcs_CZ
uk.faculty-name.csFakulta sociálních vědcs_CZ
uk.faculty-name.enFaculty of Social Sciencesen_US
uk.faculty-abbr.csFSVcs_CZ
uk.degree-discipline.csEkonomiecs_CZ
uk.degree-discipline.enEconomicsen_US
uk.degree-program.csEkonomické teoriecs_CZ
uk.degree-program.enEconomic Theoryen_US
thesis.grade.csProspěl/acs_CZ
thesis.grade.enPassen_US
uk.abstract.enThis dissertation consists of three essays about firm financing. The first essay detects the bank-firm relationship in a transition country while the second and third essays address the importance of country factors in a company's capital structure decisions. The question of the extent in which the financial sector problems "spill over" to firms is an important issue to study and it is particularly under-explored in the context of transition economies, where the financial systems are fragile. In my first essay I study the effect of an Estonian bank's failure in 1998 on its corporate loan clients by comparing the performance of clients to that of a random sample of other firms. First, I analyze whether bank bankruptcy causes the bankruptcy of client firms. I find that client firms are less likely to survive until 2000 even after controlling for their pre- bank bankruptcy performance. Second, I analyze the behavior of firms' profitability, liquidity, and growth of fixed assets. I find liquidity to be the only variable that decreases for the client firms compared to the control firms after the bank bankruptcy. In my second essay I evaluate the importance of firm-specific, country- institutional and macroeconomic factors in explaining the firm leverage variation simultaneously. I use a large European...en_US
uk.file-availabilityV
uk.publication.placePrahacs_CZ
uk.grantorUniverzita Karlova, Fakulta sociálních věd, CERGEcs_CZ
thesis.grade.codeP


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