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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 …
Persistent link: https://www.econbiz.de/10010667412
problems in the home country, with a lesser factor being the weak performance of the foreign subsidiary. …
Persistent link: https://www.econbiz.de/10008583673
evaluate the performance of local government in the provision of local public services. The model employs a reduced set of …
Persistent link: https://www.econbiz.de/10010960639
This paper argues that the “Economics of Crime” concentrates too much on punishment as a policy to fight crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as...
Persistent link: https://www.econbiz.de/10005013061
us to estimate the impact of receiving an award on effort. The performance of winners proves to be significantly higher …
Persistent link: https://www.econbiz.de/10004979427
have an impact on attitudes concerning effort and motivation. …
Persistent link: https://www.econbiz.de/10005051594
care about relative pay. I argue that these findings fit with behavioral stories of incentives and motivation, in …
Persistent link: https://www.econbiz.de/10005196276
Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive.The demand for awards relies on an...
Persistent link: https://www.econbiz.de/10005406118
Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with...
Persistent link: https://www.econbiz.de/10010888453
We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...
Persistent link: https://www.econbiz.de/10009386354