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Daily Cross-Border Equity Flows : Pushed or Pulled?

Griffin, John M. - 2002

In a model that is consistent with the existence of a home bias and with foreign investors that are less informed than domestic investors, we show that unexpectedly high worldwide returns lead to net equity inflows into small countries. In addition, a small country experiences net equity inflows...

Persistent link: https://www.econbiz.de/10012469714

Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?

Banerjee, Abhijit - 2019

, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance … model of technology choice in which talented entrepreneurs can access either a diminishing-returns technology, or a more … entrepreneurial ability is important and persistent. For talented but low-wealth entrepreneurs, short-term access to credit can indeed …

Persistent link: https://www.econbiz.de/10012480290

Khan, B. Zorina - 2017

Scholars engage in extensive debate about the role of families and corporations in economic growth. Some propose that personal ties provide a mechanism for overcoming such transactions costs as asymmetrical information, while others regard familial connections as conduits for inefficiency, with...

Persistent link: https://www.econbiz.de/10012455628

The State of American Entrepreneurship : New Estimates of the Quantity and Quality of Entrepreneurship for 15 US States, 1988-2014

Guzman, Jorge - 2016

While official measures of business dynamism have seen a long-term decline, early-stage venture financing of new companies has reached levels not observed since the late 1990s, resulting in a sharp debate about the state of American entrepreneurship. Building on Guzman and Stern (2015a; 2015b), this...

Persistent link: https://www.econbiz.de/10012456579

University Innovation and the Professor's Privilege

Hvide, Hans K. - 2016

National policies take varied approaches to encouraging university-based innovation. This paper studies a natural experiment: the end of the "professor's privilege" in Norway, where university researchers previously enjoyed full rights to their innovations. Upon the reform, Norway moved toward...

Persistent link: https://www.econbiz.de/10012456617

Does "Grease Money" Speed Up the Wheels of Commerce?

Kaufmann, Daniel - 1999

In an environment in which bureaucratic burden and delay are exogenous, an individual firm may find bribes helpful to reduce the effective red tape it faces. The efficient grease' hypothesis asserts therefore that corruption can improve economic efficiency and that fighting bribery would be...

Persistent link: https://www.econbiz.de/10012471704

Minimum Wages and Firm Profitability

Draca, Mirko - 2008

Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially employment), there is much less evidence on their impact on firm performance. In this paper we consider a very under-studied area - the impact of minimum wages on firm...

Persistent link: https://www.econbiz.de/10012464650

The Dynamics of Gender Earnings Differentials : Evidence from Establishment Data

Barth, Erling - 2017

We use a unique match between the 2000 Decennial Census of the United States and the Longitudinal Employer Household Dynamics (LEHD) data to analyze how much of the increase in the gender earnings gap over the lifecycle comes from shifts in the sorting of men and women across high- and low-pay...

Persistent link: https://www.econbiz.de/10012455300

Augmenting the Human Capital Earnings Equation with Measures of Where People Work

Barth, Erling - 2016

We augment standard ln earnings equations with variables reflecting unmeasured attributes of workers and measured and unmeasured attributes of their employer. Using panel employee-establishment data for US manufacturing we find that the observable employer characteristics that most impact...

Persistent link: https://www.econbiz.de/10012456167

Quantifying the Sources of Firm Heterogeneity

Hottman, Colin - 2014

We develop and structurally estimate a model of heterogeneous multiproduct firms that can be used to decompose the firm-size distribution into the contributions of costs, "appeal" (quality or taste), markups, and product scope. Using Nielsen bar-code data on prices and sales, we find that...

Persistent link: https://www.econbiz.de/10012458231