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Brown, J. David; Earle, John S. - Institute for the Study of Labor (IZA) - 2013

Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....

Persistent link: https://www.econbiz.de/10010884334

Reputation and Credit Market Formation: How Relational Incentives and Legal Contract Enforcement Interact

Fehr, Ernst; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2009

The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...

Persistent link: https://www.econbiz.de/10004976880

The Effect of Credit Guarantees on R&D Investment of SMEs in Korea

Heshmati, Almas - Institute for the Study of Labor (IZA) - 2013

Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival, performance and R&D investment. This study attempts to identify determinants of provision of credit guarantees and estimate their effects on firms R&D expenditures. The...

Persistent link: https://www.econbiz.de/10010884264

Bad Bank(s) and Recapitalization of the Banking Sector

Schäfer, Dorothea; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009

-out unit, a so-called bad bank. The key element of the plan is the valuation of troubled assets at their current market value … recapitalize the good bank by taking an equity stake in it. In extreme cases, this would mean a takeover of the bank by the …. A clear emphasis that the government stake is temporary would also be necessary. The government would cover the bad bank …

Persistent link: https://www.econbiz.de/10008632733

The Determinants of Foreign Direct Investment Flows to the Federal Region of Kurdistan

Heshmati, Almas; Davis, Rhona - Institute for the Study of Labor (IZA) - 2007

The flow of foreign direct investment (FDI) has increased dramatically in the last two decades. However, the distribution of FDI is highly unequal and the competition among countries to attract foreign investors is fierce. This report investigates the determinants of FDI inflows to developing...

Persistent link: https://www.econbiz.de/10005762073

Understanding Severance Pay

Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2013

Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...

Persistent link: https://www.econbiz.de/10010884124

Health Effects of Containing Moral Hazard: Evidence from Disability Insurance Reform

Garcia-Gomez, Pilar; Gielen, Anne C. - Institute for the Study of Labor (IZA) - 2014

We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter eligibility criteria and reduced generosity. Women subject to the more stringent rule experience greater rates of hospitalization and mortality. A €1,000 reduction in annual...

Persistent link: https://www.econbiz.de/10010886130

Moral Hazard and Less Invasive Medical Treatment for Coronary Artery Disease: The Case of Cigarette Smoking

Margolis, Jesse; Hockenberry, Jason; Grossman, Michael; … - Institute for the Study of Labor (IZA) - 2014

Comparisons of the effectiveness of two common procedures for Coronary Artery Disease: Percutaneous Coronary Intervention (PCI) and Coronary Artery Bypass Graft (CABG). Evidence indicates that CABG – the more invasive procedure – leads to superior long term outcomes for otherwise similar...

Persistent link: https://www.econbiz.de/10010959543

Ability Dispersion and Team Performance: A Field Experiment

Hoogendoorn, Sander M.; Parker, Simon C.; Praag, Mirjam … - Institute for the Study of Labor (IZA) - 2012

This paper studies the impact of diversity in cognitive ability among members of a team on their performance. We conduct a large field experiment in which teams start up and manage real companies under identical circumstances. Exogenous variation in – otherwise random – team composition is...

Persistent link: https://www.econbiz.de/10010959852

Active Unemployment Insurance

Røed, Knut - Institute for the Study of Labor (IZA) - 2012

The paper argues that a comprehensive activation strategy is called for – in both unemployment and disability insurance – to minimize the conflict between income insurance and work incentives and to prevent the economic crisis from causing a long-lasting decline in labor force participation....

Persistent link: https://www.econbiz.de/10010548159

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