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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

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

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

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

What Determines the Inclusion in a Sustainability Stock Index? A Panel Data Analysis for European Companies

Ziegler, Andreas; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

This paper examines the determinants of the inclusion of European companies in the Dow Jones Sustainability World Index and the Dow Jones STOXX Sustainability Index. In doing so, the paper contributes to the micro-econometric literature analyzing the determinants and economic effects of...

Persistent link: https://www.econbiz.de/10005097693

What drives market structure? On the relation between firm demographic processes, firms? innovative behaviour and market structure

Fauchart, Emmanuelle; Keilbach, Max - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

In this paper we suggest an structural model that specifies firm growth as a function of firm specific parameters and of competition for purchase power with other firms on a given market. Moreover, we explicitely model firms? innovative behaviour and distinguish between dierent innovation...

Persistent link: https://www.econbiz.de/10005098033

An applied econometricians' view of empirical corporate governance studies

Börsch-Supan, Axel; Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000

The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure of the board and the market for corporate control influence firm performance. This...

Persistent link: https://www.econbiz.de/10005098071

How Does Owners' Exposure to Idiosyncratic Risk Influence the Capital Structure of Private Companies?

Müller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

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/10005098090