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Determinants of Individual Investor Behaviour: An Orthogonal Linear Transformation Approach
Chandra, Abhijeet; Kumar, Ravinder - Volkswirtschaftliche Fakultät, … - 2011
Expected utility theory views the individual investment decision as a tradeoff between immediate consumption and deferred consumption. But individuals do not always prefer according to the classical theory of economics. Recent studies on individual investor behavior have shown that they do not...
Persistent link: https://www.econbiz.de/10008873558
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Capital Flight and Investment Dynamics in Nigeria: A Time Series Analysis (1970-2006)
Adesoye, A. Bolaji; Maku, Olukayode E.; Atanda, Akinwande A. - Volkswirtschaftliche Fakultät, … - 2012
This study critically examines the implications of capital flight on investment growth in Nigeria between 1970 and 2006, because of the consequential effect it has on economic growth. The time series data properties incorporated were examined using the Augmented Dickey-Fuller (ADF) unit root...
Persistent link: https://www.econbiz.de/10009397182
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Energy Saving by Firms: Decision-Making, Barriers and Policies
Groot, Henri L.F.M. de; Verhoef, Erik T.; Nijkamp, Peter - Tinbergen Institute - 1999
Promoting investments in energy saving technologies is an important means for achieving environmental goals. Unfortunately, the empirical evidence on success conditions of policies is scarce. Based on a survey among Dutch firms, this paper sets out to identify the factors that determine the...
Persistent link: https://www.econbiz.de/10005137331
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Ownership Structure, Investment Behavior and Firm Performance in Japanese Manufacturing Industries
Gedajlovic, E.R.; Yoshikawa, T.; Hashimoto, M. - Erasmus Research Institute of Management (ERIM), ERIM … - 2001
Using data spanning the 1996-1998 fiscal years of 247 of Japan's largest manufacturers, we empirically evaluate the extent to which a firm's investment behavior and financial performance is influenced by its ownership structure. To do so, we examine six distinct categories of Japanese...
Persistent link: https://www.econbiz.de/10005288569
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Equity-based Financial Slack and New Venture Performance: Evidence from matched single-founder ventures
Morgan, Horatio M. - Volkswirtschaftliche Fakultät, … - 2013
This paper examines whether equity-based financial slack in the form of relatively high levels of founding equity will systematically hurt new venture performance. Drawing on data on 445 single-founder new ventures over the period 2004-2007, it uses the propensity score matching method to...
Persistent link: https://www.econbiz.de/10011107944
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Equity-based Financial Slack and New Venture Performance: Evidence from matched single-founder ventures
Morgan, Horatio M. - Volkswirtschaftliche Fakultät, … - 2013
This paper examines whether equity-based financial slack in the form of relatively high levels of founding equity will systematically hurt new venture performance. Drawing on data on 445 single-founder new ventures over the period 2004-2007, it uses the propensity score matching method to...
Persistent link: https://www.econbiz.de/10011110946
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Taking a Second Chance: Entrepreneurial Restarters in Germany
Wagner, Joachim - Institute for the Study of Labor (IZA) - 2002
Folklore has it that the comparatively low proportion of self-employed in Germany is in part due to a habit that might be termed 'stigmatisation of failure': taking a second chance to build one's own firm after failing as a self-employed is said to be much more difficult here than in other...
Persistent link: https://www.econbiz.de/10005822063
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Who Becomes an Entrepreneur? Labor Market Prospects and Occupational Choice
Poschke, Markus - Institute for the Study of Labor (IZA) - 2008
start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … persist in the market, and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage … entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their …
Persistent link: https://www.econbiz.de/10005822184
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Entrepreneurial Entry: Which Institutions Matter?
Aidis, Ruta; Estrin, Saul; Mickiewicz, Tomasz - Institute for the Study of Labor (IZA) - 2009
In this paper we explore the relationship between the individual decision to become an entrepreneur and the institutional context. We pinpoint the critical roles of property rights and the size of the state sector for entrepreneurial activity and test the relationships empirically by combining...
Persistent link: https://www.econbiz.de/10005822242
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The Persistence of Self-Employment Across Borders: New Evidence on Legal Immigrants to the United States
Tatsiramos, Konstantinos; Akee, Randall K. Q.; Jaeger, … - Institute for the Study of Labor (IZA) - 2007
Using recently-available data from the New Immigrant Survey, we find that previous selfemployment experience in an immigrant’s country of origin is an important determinant of their self-employment status in the U.S., increasing the probability of being self-employed by about 7 percent. Our...
Persistent link: https://www.econbiz.de/10005822432