We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs…
This paper analyses the relevance of information and communication technologies (ICT) for firms’ probability of global sourcing of inputs. Using firm-level data from Germany in 2009, which include mainly small…
The shift of employment from lower to higher productive firms is an important driver for structural change and industry dynamics. We investigate this reallocation in terms of employment gains and losses from…
