Dieser Text ist die schriftliche Grundlage für die von Ingo Pies am 14. April 2016 in Berlin gehaltene Laudatio zur Verleihung des Max-Weber-Preises für Wirtschaftsethik in der Kategorie Bachelor-Studienpreis an Janaina Drummond Nauck. Ihre Arbeit trägt den Titel: "Das Gewinnparadox in der...

Introduction -- Your business is an out-of-control cash-eating monster -- The core principles of profit first -- Setting up profit first for your business -- Assessing the health of your business -- Allocation percentages -- Putting profit first into motion -- Destroy your debt -- Find money...

Introduction -- Dramatis personae -- The Potemkin market -- The Sisyphus savings system -- La Grande illusion -- A kind of magic -- The economy's helminths -- Collateral damage -- On value and values -- A financial renaissance? -- Epilogue: twilight of the gods of finance

We study a model of managerial incentive problems where a manager chooses the first two moments of his firm's profit distribution - mean and volatility - along an efficient frontier. Assuming that managers differ with respect to their marginal cost of effort and their risk aversion we explore...

We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...

Accurate measurement of stock levels, turnover, and profitability in microenterprises in developing countries is difficult because the majority of these firms do not keep detailed records. This paper tests the use of radio frequency identification tags as a means of objectively measuring stock...