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Nationalekonomiska institutionen

Ekonomihögskolan vid Lunds universitet

Seminar in Financial Economics: Tobias Berg

Seminarium

Tobias Berg , Frankfurt School of Finance & Management

Tobias Berg, Frankfurt School of Finance and Management, will present his paper “Credit supply shocks: financing real growth or takeovers?” (joint work with Daniel Streitz and Michael Wedow) at the finance seminar. This will be a hybrid seminar starting 14.15. You can either join in the Alfa seminar room or online.

Abstract: In this paper, we document that exogenous shifts to credit supply predominantly affect inorganic growth, with only limited effects on organic growth. We discuss implications of this finding for the understanding of the nature of credit supply shocks. In particular, we argue that an analysis of employment and  productivity effects of M&A is crucial in order to understand real effects of credit supply shifts. We also provide a method for adjusting for inorganic growth components empirically that is generally applicable even if no detailed M&A data is available.

 
26 oktober 2021
14:15–15:30

Lokal

Ideon Alfa1:4013
Scheelevägen 15B
223 63 Lund

Kontakt

Thomas Fischer