Details about Elmer Sterken

Homepage:	http://www.rug.nl/staff/e.sterken/index
Workplace:	Faculteit Economie en Bedrijfskunde (Faculty of Economics and Business), Rijksuniversiteit Groningen (Royal University of Groningen), (more information at EDIRC) CESifo, (more information at EDIRC)

Access statistics for papers by Elmer Sterken.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

Short-id: pst115

---

Jump to Journal Articles Books Chapters

Working Papers

2024

1. Fiscal Impacts of Climate Anomalies
   CESifo Working Paper Series, CESifo
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2024)

2019

2. Why Is Investment So Weak Despite High Profitability? A panel study of Japanese manufacturing firms
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (4)

2016

3. International R&D Spillovers and Marginal Social Returns on R&D
   CESifo Working Paper Series, CESifo View citations (1)
4. Public Debt, Economic Growth and the Real Interest Rate:A Panel VAR Approach to EU and OECD Countries
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)
   See also Journal Article Public Debt, Economic Growth and the Real Interest Rate: A Panel VAR Approach to EU and OECD Countries, Applied Economics, Taylor & Francis Journals (2020) View citations (9) (2020)

2015

5. Bait and Switch: How Do Chinese Firms Use Proceeds from Seasoned Equity Offerings
   CESifo Working Paper Series, CESifo

2014

6. Collective Memory and Nostalgia in The Dutch Radio2 Top2000 Chart 1999-2013
   CESifo Working Paper Series, CESifo View citations (1)

2012

7. Participation and Performance at the London 2012 Olympics
   Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)

2010

8. Financial Distress and Industry Structure: An inter-industry approach to the "Lost Decade" in Japan
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
   See also Journal Article FINANCIAL DISTRESS AND INDUSTRY STRUCTURE: AN INTER-INDUSTRY APPROACH TO THE LOST DECADE IN JAPAN, Economic Systems Research, Taylor & Francis Journals (2012) View citations (2) (2012)

2009

9. Intra-firm Trade and Contract Completeness: Evidence from Japanese affiliate firms
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)
10. Redistributional View of Trade Credit Revisited: Evidence from micro data of Japanese small firms
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)

2008

11. Asset Price Shocks, Real Expenditures, and Financial Structure: A Multi-Country Analysis
    CESifo Working Paper Series, CESifo View citations (17)
    Also in CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research (2004) View citations (8)

2007

12. Multiple Bank Relationships and the Main Bank System: Evidence from a Matched Sample of Japanese Small Firms and Main Banks
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (4)
    See also Chapter Multiple Bank Relationships and the Main Bank System: Evidence from a Matched Sample of Japanese Small Firms and Main Banks, Contributions to Economics, Springer (2010) (2010)

2006

13. Modelling the development of world records in running
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (1)

2005

14. Bank Control and the Number of Bank Relations of Japanese Firms
    CESifo Working Paper Series, CESifo View citations (3)

2004

15. Do skin suits increase average skating speed?
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (3)
16. The Role of the IFO Business Climate Indicator and Asset Prices in German Monetary Policy
    CESifo Working Paper Series, CESifo
    See also Chapter The Role of the Ifo Business Climate Indicator and Asset Prices in German Monetary Policy, Contributions to Economics, Springer (2005) (2005)

2003

17. Corporate control mechanisms, voting and cash flow rights, and the performance of Dutch firms
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (1)
18. Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands
    CESifo Working Paper Series, CESifo View citations (1)
    See also Journal Article Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands, German Economic Review, Verein für Socialpolitik (2004) View citations (4) (2004)
19. Monetary transmission, asset prices, and the business cycle indicator in Germany
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research
20. Olympic participation and performance since 1896
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) View citations (7)
    Also in CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research (2001) View citations (9)

2002

21. Corporate governance, relationship lending and monetary lending monetary policy: firm-level evidence for the Euro area
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (5)
    See also Journal Article The impact of monetary policy on the financing behaviour of firms in the Euro area and the UK, The European Journal of Finance, Taylor & Francis Journals (2006) View citations (27) (2006)
22. Endurance in speed skating
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)
    Also in CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research (2001)
23. Growth, financial development, societal norms and legal institutions
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (2)
    See also Journal Article Growth, financial development, societal norms and legal institutions*, Journal of International Financial Markets, Institutions and Money, Elsevier (2004) View citations (31) (2004)
24. Investment, cash flow and uncertainty: evidence for the Netherlands
    10th International Conference on Panel Data, Berlin, July 5-6, 2002, International Conferences on Panel Data View citations (4)
    Also in CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research (2001) View citations (3)
25. What are the determinants of the number of bank relations of Japanese firms?
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (4)

2001

26. Board composition and firm performance in the Netherlands
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) View citations (4)
27. Endurance and age: evidence from long-distance running data
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)
28. Monetary stability and financial development in Sub-Saharan countries
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research
    Also in Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) (2001)
29. To what extent does human capital increase the home country bias?
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)

2000

30. Development of stock markets, societal norms and legal institutions
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research
31. Do firms wait to invest?: an empirical investigation
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)
32. Is size important for the investment-uncertainty relationship?: an empirical analyses for Dutch firms
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) View citations (7)
33. Uncertainty and growth of the firm
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (2)
    See also Journal Article Uncertainty and Growth of the Firm, Small Business Economics, Springer (2005) View citations (23) (2005)

1999

34. Asymmetric information, option to wait to invest and the optimal level of investment
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research
    See also Journal Article Asymmetric information, option to wait to invest and the optimal level of investment, Journal of Public Economics, Elsevier (2001) View citations (11) (2001)
35. Capital market imperfections, uncertainty and corporate investment in the Czech Republic
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)
    See also Journal Article Capital Market Imperfections, Uncertainty and Corporate Investment in the Czech Republic, Economic Change and Restructuring, Springer (2000) View citations (13) (2000)
36. Demand for money and shortages in Ethiopia
    CDS Research Reports, University of Groningen, Centre for Development Studies (CDS) View citations (1)
    See also Journal Article Demand for money and shortages in Ethiopia, Applied Economics Letters, Taylor & Francis Journals (2004) View citations (5) (2004)
37. Does uncertainty affect economic growth?: an empirical analysis
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) View citations (45)
    Also in CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research (1999) View citations (54)
    See also Journal Article Does uncertainty affect economic growth? An empirical analysis, Review of World Economics (Weltwirtschaftliches Archiv), Springer (1999) View citations (54) (1999)
38. Firm Performance, Financial Institutions and Corporate Governance in the Netherlands
    CESifo Working Paper Series, CESifo View citations (3)
39. The determinants of capital structure: evidence from Dutch panel data
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) View citations (12)

1996

40. DIADUX: Een model voor inactiviteit en overheidsschuld
    Working Papers, Centre for Economic Research, University of Groningen and University of Twente
41. Macroeconomics in Datastream
    Working Papers, Centre for Economic Research, University of Groningen and University of Twente
42. Parametrization of model consistant expectations in the Sidrauski model
    Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management)
43. Shortages, interest rates, and money demand in Poland, 1969-1995
    Working Papers, Centre for Economic Research, University of Groningen and University of Twente View citations (2)

1995

44. Investment, finance and the business cycle: Evidence from the Dutch manufacturing sector
    Working Papers, Centre for Economic Research, University of Groningen and University of Twente
    See also Journal Article Investment, Finance and the Business Cycle: Evidence from the Dutch Manufacturing Sector, Cambridge Journal of Economics, Cambridge Political Economy Society (1997) View citations (2) (1997)

1992

45. Sterilization in a Two-Country Model
    Working Papers, Groningen State, Institute of Economic Research-
46. Welfare Implications of Interest Rate Stickiness
    Working Papers, Groningen State, Institute of Economic Research-
47. the Scope for Independent Monetary Policy
    Working Papers, Groningen State, Institute of Economic Research-

1991

48. Models of the Business Cycle; A Survey
    Working Papers, Groningen State, Institute of Economic Research-

Journal Articles

2020

1. Public Debt, Economic Growth and the Real Interest Rate: A Panel VAR Approach to EU and OECD Countries
   Applied Economics, 2020, 52, (12), 1377-1394 View citations (9)
   See also Working Paper Public Debt, Economic Growth and the Real Interest Rate:A Panel VAR Approach to EU and OECD Countries, ISER Discussion Paper (2016) View citations (1) (2016)

2019

2. International spillovers of R&D and marginal social returns
   Review of International Economics, 2019, 27, (3), 936-954

2013

3. The trade credit channel revisited: evidence from micro data of Japanese small firms
   Small Business Economics, 2013, 40, (1), 101-118 View citations (27)

2012

4. FINANCIAL DISTRESS AND INDUSTRY STRUCTURE: AN INTER-INDUSTRY APPROACH TO THE LOST DECADE IN JAPAN
   Economic Systems Research, 2012, 24, (3), 229-249 View citations (2)
   See also Working Paper Financial Distress and Industry Structure: An inter-industry approach to the "Lost Decade" in Japan, Discussion papers (2010) (2010)
5. Forecasts and evaluation of the 2011 Pan American Games
   EconoQuantum, Revista de Economia y Finanzas, 2012, 9, (2), 45-60

2011

6. Bank-Specific Daily Interest Rate Adjustment in the Dutch Mortgage Market
   Journal of Financial Services Research, 2011, 39, (3), 145-159 View citations (16)

2009

7. Corporate control rights and the long-run equity risk premium
   Journal of International Financial Markets, Institutions and Money, 2009, 19, (1), 63-76

2007

8. Attitude towards risk, uncertainty, and fixed investment
   The North American Journal of Economics and Finance, 2007, 18, (1), 59-75 View citations (9)
9. Corporate Governance and International Location Decisions of Multinational Enterprises
   Corporate Governance: An International Review, 2007, 15, (6), 1330-1347 View citations (5)
10. Why do Japanese firms prefer multiple bank relationship? Some evidence from firm-level data
    Economic Systems, 2007, 31, (1), 49-70 View citations (25)

2006

11. A threshold uncertainty investment model for the Netherlands
    Applied Financial Economics, 2006, 16, (9), 665-673 View citations (3)
12. Competition in the Dutch Mortgage Market
    De Economist, 2006, 154, (4), 587-600
13. The impact of monetary policy on the financing behaviour of firms in the Euro area and the UK
    The European Journal of Finance, 2006, 12, (5), 401-420 View citations (27)
    See also Working Paper Corporate governance, relationship lending and monetary lending monetary policy: firm-level evidence for the Euro area, CCSO Working Papers (2002) View citations (5) (2002)

2005

14. Uncertainty and Growth of the Firm
    Small Business Economics, 2005, 24, (4), 381-391 View citations (23)
    See also Working Paper Uncertainty and growth of the firm, CCSO Working Papers (2000) View citations (2) (2000)

2004

15. Demand for money and shortages in Ethiopia
    Applied Economics Letters, 2004, 11, (12), 759-769 View citations (5)
    See also Working Paper Demand for money and shortages in Ethiopia, CDS Research Reports (1999) View citations (1) (1999)
16. Growth, financial development, societal norms and legal institutions*
    Journal of International Financial Markets, Institutions and Money, 2004, 14, (2), 165-183 View citations (31)
    See also Working Paper Growth, financial development, societal norms and legal institutions, CCSO Working Papers (2002) View citations (2) (2002)
17. Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands
    German Economic Review, 2004, 5, (2), 119-138 View citations (4)
    Also in German Economic Review, 2004, 5, (2), 119-138 (2004) View citations (4)
    See also Working Paper Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands, CESifo Working Paper Series (2003) View citations (1) (2003)

2003

18. Board Characteristics and Corporate Performance in the Netherlands
    Eastern Economic Journal, 2003, 29, (1), 41-58 View citations (19)
19. Endurance in speed skating: The development of world records
    European Journal of Operational Research, 2003, 148, (2), 293-301 View citations (3)
20. Uncertainty and Financing Constraints
    Review of Finance, 2003, 7, (2), 297-321 View citations (7)

2002

21. Dutch inventory investment: are capital market imperfections relevant?
    Applied Economics, 2002, 34, (1), 15-22 View citations (1)
22. Monetary transmission and bank competition in the EMU
    Journal of Banking & Finance, 2002, 26, (11), 2065-2075 View citations (14)
23. The Option to Wait to Invest and Equilibrium Credit Rationing
    Journal of Money, Credit and Banking, 2002, 34, (1), 221-25 View citations (7)
24. Volatility of the interest rate, debt and firm investment: Dutch evidence
    Journal of Corporate Finance, 2002, 8, (2), 179-193 View citations (16)

2001

25. Asymmetric information, option to wait to invest and the optimal level of investment
    Journal of Public Economics, 2001, 79, (2), 365-374 View citations (11)
    See also Working Paper Asymmetric information, option to wait to invest and the optimal level of investment, CCSO Working Papers (1999) (1999)

2000

26. Capital Market Imperfections, Uncertainty and Corporate Investment in the Czech Republic
    Economic Change and Restructuring, 2000, 33, (1-2), 53-70 View citations (13)
    See also Working Paper Capital market imperfections, uncertainty and corporate investment in the Czech Republic, Research Report (1999) (1999)

1999

27. Does uncertainty affect economic growth? An empirical analysis
    Review of World Economics (Weltwirtschaftliches Archiv), 1999, 135, (3), 379-396 View citations (54)
    See also Working Paper Does uncertainty affect economic growth?: an empirical analysis, Research Report (1999) View citations (45) (1999)
28. Parameterization of model-consistent expectations in monetary policy models
    Applied Financial Economics, 1999, 9, (2), 193-200

1998

29. A test of Dutch long-run export supply behaviour
    Applied Economics, 1998, 30, (3), 383-389

1997

30. Investment, Finance and the Business Cycle: Evidence from the Dutch Manufacturing Sector
    Cambridge Journal of Economics, 1997, 21, (3), 395-407 View citations (2)
    See also Working Paper Investment, finance and the business cycle: Evidence from the Dutch manufacturing sector, Working Papers (1995) (1995)

1996

31. PROFITS, INVESTMENT AND BUSINESS FLUCTUATIONS
    Metroeconomica, 1996, 47, (1), 19-33 View citations (1)
32. Shortages, interest rates and money demand in Poland, 1969‐1993
    International Journal of Social Economics, 1996, 23, (10/11), 329-359

1995

33. On the scope of Dutch monetary policy
    Banca Nazionale del Lavoro Quarterly Review, 1995, 48, (193), 173-187
    Also in BNL Quarterly Review, 1995, 48, (193), 173-187 (1995)
34. The IBS-CCSO quarterly model of the Netherlands Specification, simulation and analysis
    Economic Modelling, 1995, 12, (2), 111-163 View citations (4)

1994

35. Book reviews
    Journal of Economics, 1994, 60, (3), 323-340

1991

36. Integrated real financial modelling: A macroeconometric application for the Dutch economy
    Economic Modelling, 1991, 8, (2), 130-174

1984

37. Generalization of M(x)-matrices: Application to mathematical economics and econometrics
    Economics Letters, 1984, 16, (3-4), 321-326

Books

2001

1. Investment, Capital Market Imperfections, and Uncertainty
   Books, Edward Elgar Publishing View citations (58)

Chapters

2012

1. Economic Impact of Organizing Large Sporting Events
   Chapter 20 in International Handbook on the Economics of Mega Sporting Events, 2012 View citations (1)

2010

2. Multiple Bank Relationships and the Main Bank System: Evidence from a Matched Sample of Japanese Small Firms and Main Banks
   Springer
   See also Working Paper Multiple Bank Relationships and the Main Bank System: Evidence from a Matched Sample of Japanese Small Firms and Main Banks, Research Institute of Economy, Trade and Industry (RIETI) (2007) View citations (4) (2007)

2005

3. The Role of the Ifo Business Climate Indicator and Asset Prices in German Monetary Policy
   Springer
   See also Working Paper The Role of the IFO Business Climate Indicator and Asset Prices in German Monetary Policy, CESifo (2004) (2004)

1998

4. Investment and Debt Constraints: Evidence from Dutch Panel Data
   Palgrave Macmillan View citations (10)