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Persistent link: https://www.econbiz.de/10014436073
Using the VC industry as a laboratory, we investigate whether incidental in-person interactions between people working in close proximity facilitate their future collaboration on projects of significant economic value. Our analysis exploits urban topological features surrounding VC fund offices...
Persistent link: https://www.econbiz.de/10014257963
In a model where investors disagree about the fundamentals of two stocks, the state price density depends on investor disagreements for both stocks, especially the larger stock. This implies that disagreement among investors in a large firm has a spillover effect on the pricing of other stocks...
Persistent link: https://www.econbiz.de/10012972769
Evaluation studies aim to provide answers to important questions like: How does this program or policy intervention affect the outcome variables of interest? In order to answer such questions, using the traditional statistical evaluation (or causal inference) methods, some conditions must be...
Persistent link: https://www.econbiz.de/10011598174
Family members tend to have similar labor market outcomes, but measuring the contribution of behavioral spillovers is difficult. To identify spillovers between brothers, we exploit Denmark's largest random assignment - of young men to 8 months of military service - where service status of...
Persistent link: https://www.econbiz.de/10011596174
We find a strong positive sibling spillover effect in two-children households in rural China, as measured by an increase in the Chinese and Math test scores of elder siblings when their younger sibling starts school. We use the Chinese Law of Compulsory Education as an exogenous variation in the...
Persistent link: https://www.econbiz.de/10012201296
This paper studies the effect of the controlling shareholder’s financial background on the corporate financialization …. We find that controlling shareholder’s financial background has a significant positive impact on corporate … real investment environment. Firms with financial controlling shareholders will increase long-term value reserving …
Persistent link: https://www.econbiz.de/10013256510
Persistent link: https://www.econbiz.de/10015097356
In an economic perspective, punitive damages and class actions can be viewed as sharing a common economic function – creating optimal deterrence. Building on Parisi and Cenini (2010), we study the effect of alternative procedural regimes on the effectiveness of punitive damages and class...
Persistent link: https://www.econbiz.de/10013138272
The probability for shareholder litigation is studied and how corporate governance characteristics and other factors explain it. Shareholder litigation results from failure of corporate governance. Thus a better quality of corporate governance is hypothesized to decrease the litigation...
Persistent link: https://www.econbiz.de/10011540783