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We examine the influence on managerial risk taking of incentives due to employment risk and due to compensation. Our empirical investigation of the risk taking behavior of mutual fund managers indicates that managerial risk taking crucially depends on the relative importance of these incentives....
Persistent link: https://www.econbiz.de/10010308694
an appropriate design of the restrictions of individual behavior instead of an adjustment of risk-averse individuals. …
Persistent link: https://www.econbiz.de/10011733833
In spring 2020, observers and practitioners warned that COVID-19 would increase violence in sub-Saharan Africa by creating an economic shock that would lead to distributional conflicts and government repression. Compared to before the pandemic, violence did increase in 2020, rising by 40 and 60...
Persistent link: https://www.econbiz.de/10012643798
life. Measures against the spread of the virus have led to restrictions in life in public spaces and have also affected the …
Persistent link: https://www.econbiz.de/10012819399
This short paper examines the effect of financial sanctions at the most disaggregated level possible, individual bank accounts. Using data from the Eurosystem's real-time gross settlement system TARGET2, we provide empirical evidence that sanctions imposed by the European Union on Russian banks...
Persistent link: https://www.econbiz.de/10013412982
flows. Internationally, restrictions on capital flows may cause spillovers between countries introducing controls and …
Persistent link: https://www.econbiz.de/10014001595
Very few labor-based pathways for regular migration are available for people in Northern Central America, often called the 'Northern Triangle' of Guatemala, Honduras, and El Salvador. This note briefly summarizes the state of labor-based migration channels in the region. It then argues that...
Persistent link: https://www.econbiz.de/10014320013
This paper examines the effect of financial sanctions at the most disaggregated level possible, individual bank accounts. Using data from the Eurosystem's real-time gross settlement system TARGET2, we provide empirical evidence that sanctions imposed by the European Union on Russian banks...
Persistent link: https://www.econbiz.de/10014456430
When generating conditional forecasts in dynamic models it is common to impose the conditions as restrictions on future …
Persistent link: https://www.econbiz.de/10010321900
regions against labour market disadvantages. The restrictions were extended in 2009 for two additional years (until 2011 …). These temporary restrictions indicate the familiar trade-off between expected efficiency and welfare gains of a completely … for the economic usefulness of the afore-mentioned restrictions of cross-border service activities between Austria and …
Persistent link: https://www.econbiz.de/10011435284