Showing 1 - 10 of 43
We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she … starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms …
Persistent link: https://www.econbiz.de/10005181266
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs’ types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10008583661
generous tax depreciation provisions. Several countries including the UK have reduced tax rates for SMEs. This study compares … incentive effects of such reforms on the SMEs’ investment decisions adopting simple present value model. Ceteris paribus tax …
Persistent link: https://www.econbiz.de/10005094149
show that distance matters for cross-border lending, especially for the SMEs. In contrast to the policy of harmonization …
Persistent link: https://www.econbiz.de/10005181385
We provide an empirical analysis of host country determinants of Chinese outward FDI for the period 2003 to 2008, using data disaggregated by country and industry. We want to assess the relevance of market-seeking, resource-seeking and strategic asset seeking motivations suggested by the theory...
Persistent link: https://www.econbiz.de/10009391727
According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
Persistent link: https://www.econbiz.de/10010877683
This study considers the effects of globalization, in its economic and social dimensions, on obesity and caloric intake … globalization and both obesity and caloric intake. A one standard deviation increase in globalization is associated with a 20 … with an instrument variable strategy, a lagged structure, and corrections for panel standard errors. The primary driver is …
Persistent link: https://www.econbiz.de/10010948886
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10005013942
We examine the effects that a country’s net capital flows have on the (border) prices that a country pays for its imports of goods. Using data from 2000 to 2009 for 11 euro area countries we utilize a pricing-to-market specification to study exporters’ pricing behavior to the rest of the...
Persistent link: https://www.econbiz.de/10009645628
We analyze whether or not the globalization of capital, ‘disciplines’ governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country’s vulnerability to sudden capital flight. This … ‘golden straitjacket’. However, globalization may also ‘overdiscipline’ governments - resulting in a perverse impact on …
Persistent link: https://www.econbiz.de/10009645630