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We study a principal-agent model in which the agent can provide ex post additional relevant information regarding his performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors outside his control. However, building a convincing...
Persistent link: https://www.econbiz.de/10010877776
Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more...
Persistent link: https://www.econbiz.de/10005766276
In this paper we ague that any meaningful bibliometric evaluation of researchers needs to take into account that research productivity follows distinct life cycles. Using an encompassing data set portraying the research behavior of German academic economists, we first show that research...
Persistent link: https://www.econbiz.de/10005094159
equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …
Persistent link: https://www.econbiz.de/10008727277
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … as evidence supporting the significance of financial development for economic development although banks and stock …
Persistent link: https://www.econbiz.de/10010723543
We model EU countries’ bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … differences in financial factors, which may reflect differences in country risk and the legal and regulatory framework that banks …
Persistent link: https://www.econbiz.de/10008583666
The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …
Persistent link: https://www.econbiz.de/10008583712
lower volumes of outward FDI from the bank’s home market. …This paper investigates the benefits of banks’ direct investment in foreign subsidiaries and branches for non …-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host …
Persistent link: https://www.econbiz.de/10009147744
We document that trust in public institutions—and particularly trust in banks, business and government—has declined …
Persistent link: https://www.econbiz.de/10008872215