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This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994. For German firms, cash flow is not informative in simple econometric models of fixed investment or R&D. In identical specifications for...
Persistent link: https://www.econbiz.de/10010884496
We study the risk assessment of uncertain cash flows in terms of dynamic convex risk measures for processes as introduced in Cheridito et al. (Electron. J. Probab. 11(3):57–106, 2006). These risk measures take into account not only the amounts but also the timing of a cash flow. We discuss...
Persistent link: https://www.econbiz.de/10011071088
Persistent link: https://www.econbiz.de/10005776289
countries in terms of education, earnings, and employment. …
Persistent link: https://www.econbiz.de/10010744907
In the empirical literature on work experience, job tenure, training and earnings, only one previous study has made a … training and vocational institute training for the current occupation have highly significant effects on earnings, with work … significantly negative effect on the earnings of those with high cognitive test scores, the previous-occupation counterparts do not …
Persistent link: https://www.econbiz.de/10010745878
The analysis is concerned with the contributions of numeracy and literacy to earnings, for three reasons: first, no … the contributions of numeracy and literacy as reflected in earnings. The results suggest that numeracy has a highly … significant effect on earnings, mostly through its effect on college attainment, but also directly, controlling for attainment …
Persistent link: https://www.econbiz.de/10010746026
Based upon unique survey data collected using respondent driven sampling methods, we investigate whether there is a gender pay gap among social entrepreneurs in the UK. We find that women as social entrepreneurs earn 29% less than their male colleagues, above the average UK gender pay gap of...
Persistent link: https://www.econbiz.de/10011125986
I evaluate the impact of the UK Working Time Regulations 1998, which introduced mandatory paid holiday entitlement. The regulation gave (nearly) all workers the right to a minimum of 4 weeks of paid holiday per a year. With constant weekly pay this change amounts effectively to an increase in...
Persistent link: https://www.econbiz.de/10011126550
earnings among individuals into the part due to changes in earnings among establishments and the part due to changes in … earnings within-establishments and finds that much of the 1970s-2010s increase in earnings inequality results from increased … dispersion of the earnings among the establishments where individuals work. It also shows that the divergence of establishment …
Persistent link: https://www.econbiz.de/10011126610
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We …
Persistent link: https://www.econbiz.de/10010884490