Both Danat and Dresdner failures cut connected firmsā wage bills.
Evidence
Column (6) uses connection dummies for both Danat and Dresdner as explanatory variables. Danat and Dresdner both had a negative and signiļ¬cant eļ¬ect on ļ¬rmsā wage bills, but the eļ¬ect of Danat is somewhat larger in magnitude. ā Sebastian Doerr et al., Financial Crises and Politicalā¦, 138
Categorization
- XREF: connects to: Danat-connected firms cut wage bills far more than matched city and industry peers ā Sebastian Doerr et al., Financial Crises and Politicalā¦, 135
Broader Connections
- Danat-connected firms cut wage bills far more than matched city and industry peers
#expands(0.95) ā Sebastian Doerr et al., Financial Crises and Politicalā¦, 135