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Competition and gender prejudice : are discriminatory employers doomed to fail?
Weber, Andrea Maria; Zulehner, Christine - 2009
According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...
Persistent link: https://www.econbiz.de/10010277092
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PRC Industrial Policies Postdate Rather than Lead Economic Activity
Holz, Carsten A. - 2020
taken place since the early 2000s are driven more by profitability considerations and private entrepreneurship than by …
Persistent link: https://www.econbiz.de/10012841149
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The Good, the Bad, and the Ugly : Impact of Negative Interest Rates and QE on the Profitability and Risk-Taking of 1600 German Banks
Florian, Urbschat - 2019
about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making … loss provisions, many banks with high deposit ratios face lower net interest income and lower credit growth rates. If …
Persistent link: https://www.econbiz.de/10012892229
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On the Profitability of Cross-Ownership in Cournot Oligopolies : Stock Sizes Matter
Benchekroun, Hassan - 2020
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012824811
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Profit Taxation and Bank Risk Taking
Kogler, Michael - 2021
How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks’ portfolio...
Persistent link: https://www.econbiz.de/10013250732
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Profit Effects of Consumers’ Identity Management : A Dynamic Model
Laussel, Didier; Van Long, Ngo; Resende, Joana - 2021
We consider a non-durable good monopoly that collects data on its customers in order to profile them and subsequently practice price discrimination on returning customers. The monopolist’s price discrimination scheme is leaky, in the sense that an endogenous fraction of consumers choose to...
Persistent link: https://www.econbiz.de/10013213778
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Optimal Firms's Dividend and Capital Structure for Mean Reverting Profitability
Menoncin, Francesco; Panteghini, Paolo M.; Regis, Luca - 2021
optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA …) of the _rm. According to the empirical evidence, we let profitability follow a mean reverting process. The problem is …
Persistent link: https://www.econbiz.de/10013314671
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Profit Shifting in the EU : Evidence from Germany
Weichenrieder, Alfons J. - 2021
correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that … tax rate changes in the host country lead to a stronger change in after-tax profitability for affiliates that are wholly …
Persistent link: https://www.econbiz.de/10013316976
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A Model of Reference-Dependent Belief Updating
Maier, Johannes; König, Clemens - 2016
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011584855
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A note on the time series measure of conservatism
Brauer, Sebastian; Westermann, Frank - 2010
this note we propose an alternative, but closely related measure of conservatism - regressing the changes in earnings on …
Persistent link: https://www.econbiz.de/10010266098