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Does Everyone Use Probabilities? Intuitive and Rational Decisions about Stockholding
Binswanger, Johannes; Salm, Martin - Institute for the Study of Labor (IZA) - 2013
We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...
Persistent link: https://www.econbiz.de/10010631344
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Better Means More: Property Rights and High-Growth Aspiration Entrepreneurship
Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - Institute for the Study of Labor (IZA) - 2009
entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …
Persistent link: https://www.econbiz.de/10005015496
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Performance analysis of international mutual funds incorporating market frictions
ter Horst, Jenke; Nijman, Theo; de Roon, F.A. - Tilburg University, Center for Economic Research - 1998
Persistent link: https://www.econbiz.de/10011090489
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Decision Making in the Pension Fund Board Room : An Experiment with Dutch Pension Fund Trustees
van Dalen, H.P.; Henkens, K.; Koedijk, C.G.; Slager, A.M.H. - Tilburg University, Center for Economic Research - 2010
We ask how pension fund trustees deal with the booms and busts that funds encounter, and to what extent the decisions of pension fund trustees are affected by behavioral biases. We examine these issues by using a vignette-method field experiment among Dutch pension fund trustees. We find that...
Persistent link: https://www.econbiz.de/10011092529
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Inter-Firm Linkages and Finance in Value Chains
Navas-Alemán, Lizbeth; Pietrobelli, Carlo; Kamiya, Marco - Inter-American Development Bank - 2012
The literature on small and medium-sized enterprise (SME) finance highlights linkages with large firms in value chains … implications for SMEs. This paper explores this gap by looking for evidence on the impact of SMEs' access to finance of inter … technologies in Costa Rica), a comparison between the different sources and instruments of finance used by SMEs is presented. A …
Persistent link: https://www.econbiz.de/10010653262
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Unlocking SME Finance in Argentina with Psychometrics
Klinger, Bailey; Castro, Lucio; Szenkman, Paula; … - Inter-American Development Bank - 2013
Access to finance remains a challenge for Small and Medium Enterprises (SMEs) in Argentina. It is a particularly acute … repayment records to determine if psychometric-based credit scoring models could help ameliorate the constraints to SME finance … asymmetry in SME lending, such a tool could help relieve constraints to SME finance in Argentina. …
Persistent link: https://www.econbiz.de/10010655071
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Finance and Growth for Microenterprises : Evidence from Rural China
Beck, Thorsten; Lu, L.; Yang, R. - Tilburg University, Center for Economic Research - 2013
Abstract: Using a survey dataset of Chinese rural households, we find that access to external finance is positively … associated with the decision to become entrepreneur, the initial investment for microenterprises and the use of external finance …. Also, we find that the use of informal finance is positively associated with sales growth of microenterprises with …
Persistent link: https://www.econbiz.de/10011092482
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Cross-National Differences in Wealth Portfolios at the Intensive Margin: Is There a Role for Policy?
Doorley, Karina; Sierminska, Eva - Institute for the Study of Labor (IZA) - 2014
Using harmonized wealth data and a novel decomposition approach in this literature, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that the association between household wealth portfolios at...
Persistent link: https://www.econbiz.de/10010959745
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To Own or Not to Own? Household Portfolios, Demographics and Institutions in a Cross-National Perspective
Sierminska, Eva; Doorley, Karina - Institute for the Study of Labor (IZA) - 2013
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households' participation decisions in assets are more responsive...
Persistent link: https://www.econbiz.de/10011188128
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The Perception of Lethal Risks: Evidence from a Laboratory Experiment
Schubert, Manuel; Brück, Tilman - Institute for the Study of Labor (IZA) - 2014
We run a novel experiment to explore the relationship between the perception of real-life risks and the demand for risk reduction. Subjects play a series of loss lotteries in which the odds are matched to the likelihood of lethal events in real life. For each risk, subjects can pay premiums in...
Persistent link: https://www.econbiz.de/10010959599