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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

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

Investment Climate and Employment Growth: The Impact of Access to Finance, Corruption and Regulations Across Firms

Pages, Carmen; Aterido, Reyes; Hallward-Driemeier, Mary - Institute for the Study of Labor (IZA) - 2007

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance … systematically by firm types. Micro and small firms have less access to formal finance, pay more in bribes than do larger firms, and … downward the size distribution of firms. In the case of finance and business regulations this occurs by reducing the employment …

Persistent link: https://www.econbiz.de/10005762082

Where Are the Real Bottlenecks? Evidence from 20,000 Firms in 60 Countries about the Shadow Costs of Constraints to Firm Performance

Carlin, Wendy; Schaffer, Mark; Seabright, Paul - Institute for the Study of Labor (IZA) - 2007

We use data from over 20,000 firms in 60 countries to identify constraints on the growth of firms. We interpret managers’ answers to survey questions on the extent to which various aspects of their external environment inhibit the performance of their firm as measuring the shadow cost of...

Persistent link: https://www.econbiz.de/10005763555

Does Gender Matter for Firm Performance? Evidence from Eastern Europe and Central Asia

Sabarwal, Shwetlena; Terrell, Katherine - Institute for the Study of Labor (IZA) - 2008

Using 2005 firm level data for 26 ECA countries, this paper estimates performance gaps between male- and female-owned businesses, while controlling for their location by industry and country. We find that female entrepreneurs have significantly smaller scale of operations (as measured by sales...

Persistent link: https://www.econbiz.de/10005700969

Country and Consumer Segmentation : Multi-Level Latent Class Analysis of Financial Product Ownership

Bijmolt, T.H.A.; Paas, L.J.; Vermunt, J.K. - Tilburg University, Center for Economic Research - 2003

The financial services sector has internationalized over the last few decades.Important differences and similarities in financial behavior can be anticipated between both consumers within a particular country and those living in different countries.For companies in this market, the appropriate...

Persistent link: https://www.econbiz.de/10011092724

Announcement effects of convertible bond loans versus warrant-bond loans : An empirical analysis for the Dutch market

de Roon, F.A.; Veld, C.H. - Tilburg University, Center for Economic Research - 1995

This study investigates the announcement effects of offerings of convertible bond loans and warrant-bond loans using data for the Dutch market. Using standard event study methodology it is found that on average stock prices show a positive but insignificant abnormal return for the announcement...

Persistent link: https://www.econbiz.de/10011092869

The Financing of Innovation : Learning and Stopping

Bergemann, D.; Hege, U. - Tilburg University, Center for Economic Research - 2001

finance, and looser under arm's length financing.The trade-off is that while relationship financing may require smaller …

Persistent link: https://www.econbiz.de/10011090781

Financial integration in Europe : Evidence from Euler equation tests

Eijffinger, Sylvester; Lemmen, J.J.G. - Tilburg University, Center for Economic Research - 1995

This paper applies Obstfeld's Euler equation tests to assess the degree of financial integration in the European Union. In addition, we design a new Euler equation test which is intimately related to Obstfeld's Euler equation tests. Using data from the latest Penn World Table (Mark 6), we arrive...

Persistent link: https://www.econbiz.de/10011091027

An empirical investigation of the factors that determine the pricing of Dutch index warrants

de Roon, F.A.; Veld, C.H. - Tilburg University, Center for Economic Research - 1994

This paper investigates the pricing of Dutch index warrants. It is found that when using the historical standard … used the model prices the index warrants fairly well. When the historical standard deviation is used the mispricing of the … of put index warrants depends in a strong way on the moneyness, the volatility, the dividend yield and the remaining time …

Persistent link: https://www.econbiz.de/10011091206