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Monopolistic screening under learning by doing

Gärtner, Dennis - 2007

This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...

Persistent link: https://www.econbiz.de/10010315563

How Banks Construct and Manage Risk : A Sociological Study of Small Firm Lending in Britain and Germany

Quack, Sigrid - 2012

This paper analyses the role of banks in financing SMEs in Britain and Germany. It applies a sociological institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based on the results of a comparative survey of a sample of...

Persistent link: https://www.econbiz.de/10013102832

Capital structure decisions in family firms: empirical evidence from a bank-based economy

Ampenberger, Markus; Schmid, Thomas; Achleitner, Ann-Kristin - 2009

This study examines how family firm characteristics affect capital structure decisions. In our analysis we disentangle the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the founding family. Thereby, we use a unique panel...

Persistent link: https://www.econbiz.de/10010305690

Tests of ex ante versus ex post theories of collateral using private and public information

Berger, Allen N.; Frame, W. Scott; Ioannidou, Vasso - 2010

paper attempts to do so using a credit registry that is unique in that it allows the researcher to have access to some …

Persistent link: https://www.econbiz.de/10010292349

Aggregate consequences of credit subsidy policies: Firm dynamics and misallocation

Jo, Hwan; Senga, Tatsuro - 2017

Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted … across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with …. While credit subsidies resolve misallocation of resources and enhance aggregate productivity, increased factor prices, in …

Persistent link: https://www.econbiz.de/10011928006

Switching costs, firm size, and market structure

Loertscher, Simon; Schneider, Yves - 2005

In many markets, homogenous goods and services are sold both by large global frms and small local frms. Surprisingly, the large frms charge, often substantially, higher prices. Examples include hotels, airlines, and coffee shops. This paper provides a parsimonious model that can account for...

Persistent link: https://www.econbiz.de/10010315515

Management-Employee Relations, Firm Size, and Job Satisfaction

Tansel, Aysit; Gazioglu, Saziye - 2013

This paper investigates the job satisfaction in relation to managerial attitudes towards employees and firm size using the linked employer-employee survey results in Britain. We first investigate the management-employee relationships and the firm size using maximum likelihood probit estimation....

Persistent link: https://www.econbiz.de/10010500240

Darwinian evolution of entrepreneurial spirit and the process of development

Galor, Oded; Michalopoulos, Stelios - 2006

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved nonmonotonically in the course of human...

Persistent link: https://www.econbiz.de/10010318965

Examination behavior: Gender differences in preferences?

Nekby, Lena; Skogman Thoursie, Peter; Vahtrik, Lars - 2013

A unique examination strategy in first year microeconomics courses is used to test for gender differences in preferences in examination behavior. Students have the possibility of attaining a seminar bonus on the final exam for near-perfect seminar attendance and are given two voluntary initial...

Persistent link: https://www.econbiz.de/10010321162

Rationality on the Rise : Why Relative Risk Aversion Increases with Stake Size

Fehr-Duda, Helga; Bruhin, Adrian; Epper, Thomas - 2009

How does risk tolerance vary with stake size? This important question cannot be adequately answered if framing effects, nonlinear probability weighting, and heterogeneity of preference types are neglected. We show that the increase in relative risk aversion over gains cannot be captured by the...

Persistent link: https://www.econbiz.de/10014207349