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Risk Diversification by European Financial Conglomerates

Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - Tinbergen Instituut - 2005

We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...

Persistent link: https://www.econbiz.de/10011255734

The Political Economy of Financial Systems

Haber, Stephen; Perotti, Enrico - Tinbergen Instituut - 2008

of capital markets and banking systems as well as the distribution of access to external finance across firms …

Persistent link: https://www.econbiz.de/10011255875

Banking Unions: Distorted Incentives and Efficient Bank Resolution

Zoican, Marius A.; Górnicka, Lucyna A. - Tinbergen Instituut - 2013

A banking union limits international bank default contagion, eliminating inefficient liquidations. For particularly low … moderate moral hazard, as the banking union encourages risk taking by systemic institutions. If banks hold opaque assets, the … net welfare effect of a banking union can be negative. Restricting the banking union mandate restores incentives …

Persistent link: https://www.econbiz.de/10011255924

The Political Economy of Finance

Perotti, Enrico - Tinbergen Instituut - 2013

This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial...

Persistent link: https://www.econbiz.de/10011256233

Competition and Entry in Banking: Implications for Stability and Capital Regulation

Boot, Arnoud W.A.; Marinc, Matej - Tinbergen Instituut - 2006

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also ….g. one country that opens up its banking system for competitors but not vice versa. …

Persistent link: https://www.econbiz.de/10011257508

Mean and Bold?

Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Instituut - 2007

See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking water sector' 2010, The Journal of the Operational Research Society, 61, 222-34. The Dutch drinking water sector experienced two drastic changes over the last 10 years. Firstly,...

Persistent link: https://www.econbiz.de/10011255577

The Impact of Gender Diversity on the Performance of Business Teams: Evidence from a Field Experiment

Hoogendoorn, Sander; Oosterbeek, Hessel; Praag, Mirjam van - Tinbergen Instituut - 2011

This discussion paper resulted in an article in Management Science. Volume 59 issue 7, pages 1514-1528. This paper reports on a field experiment conducted to estimate the impact of the share of women in business teams on their performance. Teams consisting of undergraduate students in business...

Persistent link: https://www.econbiz.de/10011272579

Risk Attitudes and Profits among Small Enterprises in Nigeria

Lammers, Judith; Willebrands, Daan; Hartog, Joop - Tinbergen Instituut - 2010

This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity has a negative or no effect. Education, age, being...

Persistent link: https://www.econbiz.de/10011255653

Illegal Entrepreneurship Experience

Aidis, Ruta; Praag, Mirjam van - Tinbergen Instituut - 2004

Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...

Persistent link: https://www.econbiz.de/10011255961

Ability Dispersion and Team Performance: A Field Experiment

Hoogendoorn, Sander; Parker, Simon C.; Praag, Mirjam van - Tinbergen Instituut - 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/10011255965