Showing 1 - 10 of 371
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the role of credit access from wealth effects that typically confound analyses of the collateral...
Persistent link: https://www.econbiz.de/10011084236
We collect information on prenatal testosterone in a large sample of entrepreneurs by measuring the length of their 2th to 4th fingers in face to face interviews. Entrepreneurs with higher exposure to prenatal testosterone (lower second to fourth digit ratio) manage larger firms, are matched...
Persistent link: https://www.econbiz.de/10008854464
The ratio of second to fourth digit (2D4D) has been shown to correlate negatively with entrepreneurial skills and financial success. We document that in a sample of entrepreneurs women have a lower 2D4D ratio than men, in sharp contrast with the features of the distribution in random samples....
Persistent link: https://www.econbiz.de/10008854553
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...
Persistent link: https://www.econbiz.de/10008854547
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency’s performance management system and personnel … records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …
Persistent link: https://www.econbiz.de/10011084487
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance … suggest that an often overlooked factor -- individual entrepreneurs -- plays a large role in affecting firm performance. …
Persistent link: https://www.econbiz.de/10011083991
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...
Persistent link: https://www.econbiz.de/10011213311
The focus of trade policy has shifted in recent years from economy-wide reductions in tariffs and trade restrictions towards targeted interventions to facilitate trade and promote exports. Most of these latter interventions are based on the new mantra of "aid-for-trade" rather than on hard...
Persistent link: https://www.econbiz.de/10009367433
The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...
Persistent link: https://www.econbiz.de/10011083827
We generalize Krugman's (1979) 'new trade' model by allowing for an explicit production chain in which a range of tasks is performed sequentially by a number of specialized teams. We demonstrate that an increase in market size induces a deeper division of labor among these teams which leads to...
Persistent link: https://www.econbiz.de/10011083864