A novel method is applied to evaluate the effect of capital constraints on entrepreneurial performance on a panel of 1 …,000 Dutch entrepreneurs. We find that initial capital constraints hinder entrepreneurs in their performance, even when we … control for various human capital and other factors that might affect both performance and credit scoring outcomes. We use a …

. Exploiting the quasi-experimental guest worker placement across German regions during the 1960/70s as well as information on … concentration on social integration. The exogenous placement of immigrants “switches off” observable and unobservable differences in …-ethnics increases migrants’ interaction cost with natives and thus reduces the likelihood of integration. …

This article analyzes the consequences of integration in public education. I show that the flight from the integrated … among more affluent parents whose children flee. In contrast, among less prosperous parents, integration in public education … rich, who can resort to private education. I also analyze the overall society-wide effect of the integration policy and …

-West border; political integration is not rapidly followed by economic integration. Instead, we estimate that it takes at least …

This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds’ designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …

problems in the home country, with a lesser factor being the weak performance of the foreign subsidiary. …

evaluate the performance of local government in the provision of local public services. The model employs a reduced set of … information and fewer assumptions than traditional techniques such as Data Envelopment Analysis and Stochastic Frontier Analysis …

Economists usually think that rational voters have little incentives to acquire costly information. We present a … information if media technology is available because then they do not condition their informational decisions on being pivotal …-ride. Further, we show how the quality of information depends on the size of the electorate, the prior knowledge of voters and on …