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Advertising and Mutual Funds: From Families to Individual Funds

Gallaher, Steven; Kaniel, Ron; Starks, Laura T - C.E.P.R. Discussion Papers - 2015

-advertising families. At the family level, flows have a convex relation with advertising expenditures, similar to that for performance … redemptions rather than increasing purchases of fund shares. We further find that advertising can affect the fund’s flow-performance …

Persistent link: https://www.econbiz.de/10011145467

Runs on Money Market Funds

Schmidt, Lawrence; Timmermann, Allan G; Wermers, Russ - C.E.P.R. Discussion Papers - 2014

We study daily money market mutual fund flows at the individual share class level during the crisis of September 2008. The empirical approach that we apply to this fine granularity of data brings new insights into the investor and portfolio holding characteristics that are conducive to run-risk...

Persistent link: https://www.econbiz.de/10011084019

The Role of Background Factors for Reading Literacy: Straight National scores in the Pisa 2000 Study

Fertig, Michael; Schmidt, Christoph M - C.E.P.R. Discussion Papers - 2002

the national performance scores conditional on these observable characteristics, as the reflection of different education …

Persistent link: https://www.econbiz.de/10005666771

Corporate Growth and FDI: Are Multinationals Stimulating Local Industrial Development?

Fotopoulos, Georgios; Louri-Dendrinou, Eleni - C.E.P.R. Discussion Papers - 2002

The aim of this Paper is to improve our understanding of the empirical determinants of corporate growth by extending the literature to include a new group of variables related to FDI, namely the degree of foreign ownership and technology spillovers. Based on recent developments in the field, our...

Persistent link: https://www.econbiz.de/10005788884

Foreign Languages and Trade

Fidrmuc, Jan; Fidrmuc, Jarko - C.E.P.R. Discussion Papers - 2009

Cultural factors and especially common languages are well-known determinants of trade. By contrast, the knowledge of foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the main languages used in EU and candidate countries....

Persistent link: https://www.econbiz.de/10005791825

Are There Asymmetries in the Effects of Training on the Conditional Male Wage Distribution?

Arulampalam, Wiji; Booth, Alison L; Bryan, Mark L - C.E.P.R. Discussion Papers - 2004

We use a quantile regression framework to investigate the degree to which work-related training affects the location, scale and shape of the conditional wage distribution. Human capital theory suggests that the percentage returns to training investments will be the same across the conditional...

Persistent link: https://www.econbiz.de/10005124003

Doctors without Borders: The Returns to an Occupational License for Soviet Immigrant Physicians in Israel

Kugler, Adriana D.; Sauer, Robert M - C.E.P.R. Discussion Papers - 2003

Re-licensing requirements for professionals that move across borders are widespread. In this Paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...

Persistent link: https://www.econbiz.de/10005136637

Scattered Trust - Did the 2007-08 financial crisis change risk perceptions?

Füss, Roland; Gehrig, Thomas; Rindler, Philipp B - C.E.P.R. Discussion Papers - 2011

The paper investigates whether the financial crisis did affect risk perceptions, and, hence, change structural parameters. By decomposing credit spreads of US corporate bonds into the contributions by credit, equity, and liquidity risk factors as well as structural change, the relative...

Persistent link: https://www.econbiz.de/10009399718

Incentives in the Public Sector: Some Preliminary Evidence from a UK Government Agency

Burgess, Simon; Propper, Carol; Ratto, Marisa; Tominey, Emma - C.E.P.R. Discussion Papers - 2003

against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the …

Persistent link: https://www.econbiz.de/10005498005

Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania

Konings, Jozef - C.E.P.R. Discussion Papers - 1997

In this paper firm level data are used to test whether competition affects productivity performance in three transition … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short …-run competitive pressure has a positive impact on performance. The paper also finds evidence that ownership matters. Traditional firms …

Persistent link: https://www.econbiz.de/10005498145