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New economy accounting : why are broad-based stock option plans so attractive?

Hess, Dieter E.; Lüders, Erik - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000

in U.S. companies. This paper shows the tax implications and accounting rules for stock option plans. By comparison of … the tax and accounting rules for different compensation schemes we show that the popularity of stock options may be mainly … due to the U.S. Generally Accepted Accounting Principles (US-GAAP) which require no charge to earnings for speciffically …

Persistent link: https://www.econbiz.de/10005097854

Choosing your object of benevolence: a field experiment on donation options

Aretz, Bodo; Kube, Sebastian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

In a large natural field experiment, we explore the effect of providing donors with the opportunity to choose the target country for their donations. We find that only a small fraction of donors use the option, which might reflect a reluctance to consider tradeoffs when those concern important,...

Persistent link: https://www.econbiz.de/10008536042

You can't be happier than your wife: happiness gaps and divorce

Guven, Cahit; Senik, Claudia; Stichnoth, Holger - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

This paper asks whether the gap in subjective happiness between spouses matters per se, i.e. whether it predicts divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we find that a higher satisfaction gap, even in the first...

Persistent link: https://www.econbiz.de/10008615607

On the construction of social preferences in lab experiments

Borgloh, Sarah; Dannenberg, Astrid; Aretz, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

This paper studies the construction of social preferences in the lab. Experimental subjects have the opportunity to donate to a charity and to allocate money in a conventional dictator game. The results show that charitable donations and dictator game allocations are positively correlated. The...

Persistent link: https://www.econbiz.de/10008756432

Consistent or balanced? On the dynamics of voluntary contributions

Gallier, Carlo; Reif, Christiane; Römer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We investigate the dynamic effects of a charitable lottery and an income tax on donations. The analysis is based on a two-round dictator game with the subject's charity of choice as recipient and additional incentives in the first round only. The immediate effect of a charitable lottery leads to...

Persistent link: https://www.econbiz.de/10010985656

An information economics perspective on main bank relationships and firm R&D

Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Persistent link: https://www.econbiz.de/10009323616

Capital structure choice and company taxation: A meta-study

Feld, Lars P.; Heckemeyer, Jost H.; Overesch, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

control-variables affect tax effects. Accounting for misspecification biases by means of meta-regressions, we predict a …

Persistent link: https://www.econbiz.de/10009646599

Bank owners or bank managers: who is keen on risk? Evidence from the financial crisis

Gropp, Reint; Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the …

Persistent link: https://www.econbiz.de/10008518270

How does owners' exposure to idiosyncratic risk influence the capital structure of private companies?

Müller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007

This paper identifies the entrepreneur's exposure to idiosyncratic risk as an important determinant of the demand for loans and the capital structure. The analysis is based on a sample of small and medium-sized private companies from the United States. The exposure to idiosyncratic risk is...

Persistent link: https://www.econbiz.de/10008533678

Price Discovery for Cross-Listed Securities from Emerging Eastern European Countries

Wölfle, Marco - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007

This study provides empirical evidence verifying the theory of price discovery for Eastern European enterprises based on their cross-listing on Western European exchanges. Despite the fact that the crosslisting behavior of companies has been analyzed very actively since the mid-70s, many...

Persistent link: https://www.econbiz.de/10005097674