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The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models withmoral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … of insurance varies by type of worker and firm in ways that are consistent with principal-agent models but are hard to …
Persistent link: https://www.econbiz.de/10005113536
This paper is about how to evaluate credit and insurance programs like the Gramee Bank in Bangladesh; Accio, Prodem …
Persistent link: https://www.econbiz.de/10005640922
Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are … insurance increases with earnings uncertainty. …
Persistent link: https://www.econbiz.de/10005671377
Nunn (2008) found a negative relationship between past slave exports and economic performance within Africa. Here we investigate these findings and the suggested causal pathway in further detail. Extending the sample period back in time we reveal that the coefficient on slave exports did not...
Persistent link: https://www.econbiz.de/10011105102
Persistent link: https://www.econbiz.de/10003380819
public financing to firms via the banking system. The effect of public incentives depends on the availability of financial …
Persistent link: https://www.econbiz.de/10009020148
We evaluate the effectiveness of a partial credit guarantee program implemented in a large Italian region using unique microdata from a broad set of firms. Our results show that the policy was effective to the extent that it resulted in an improved financial condition for the beneficiary firms....
Persistent link: https://www.econbiz.de/10011099641
This paper uses ECB survey data to assess whether gender matters in the small firms� financial structure and access to credit. Firms owned or managed by women (female firms) use smaller amounts and less heterogeneous sources of external finance than their male counterparts. According to...
Persistent link: https://www.econbiz.de/10011100359
is greater a) in banks belonging to the major banking groups, with larger and younger boards; and b) in banks that are …
Persistent link: https://www.econbiz.de/10011100416