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Drivers and Obstacles to Banking SMEs : The Role of Competition and the Institutional Framework
de la Torre, Augusto - 2009
Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...
Persistent link: https://www.econbiz.de/10013159698
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Competition and Stability in Banking
Vives, Xavier - 2013
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10013094726
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Margins of International Banking : Is There a Productivity Pecking Order in Banking, Too?
Buch, Claudia M. - 2013
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...
Persistent link: https://www.econbiz.de/10013095225
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A Theory of Crowdfunding - A Mechanism Design Approach with Demand Uncertainty and Moral Hazard
Strausz, Roland - 2016
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under aggregate demand uncertainty, this improves screening for valuable projects. Entrepreneurial moral hazard and private cost information threatens this benefit. Despite these threats,...
Persistent link: https://www.econbiz.de/10012979605
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Shop Around and You Pay More
Yan, Ji - 2014
We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...
Persistent link: https://www.econbiz.de/10013047319
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Sales Performance and Social Preferences
Essl, Andrea; von Bieberstein, Frauke; Kosfeld, Michael; … - 2021
We use an incentivized experimental game to uncover heterogeneity in other-regarding preferences among salespeople in a large Austrian retail chain. Our results show that the majority of agents take the welfare of others into account but a significant fraction reveals self-regarding behavior....
Persistent link: https://www.econbiz.de/10013315418
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Shop Around and You Pay More
Yan, Ji; Tian, Kun; Dixon, Huw D.; Heravi, Saeed; … - CESifo - 2014
We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...
Persistent link: https://www.econbiz.de/10010888454
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Government Education Expenditures, Pre-Primary Education and School Performance : A Cross-Country Analysis
Del Boca, Daniela - 2018
later school performance. We also consider different childcare characteristics such as duration and quality, which appear to … quality issues …
Persistent link: https://www.econbiz.de/10012920118
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Does the Quality of Electricity Matter? Evidence from Rural India
Chakravorty, Ujjayant; Pelli, Martino; Marchand, Beyza Ural - CESifo - 2013
the effect of connecting a household to the grid and of the quality of electricity, defined as hours of daily supply. The … quality of electricity (in terms of fewer outages and more hours per day) increases non-agricultural incomes by about 28 …
Persistent link: https://www.econbiz.de/10010877886
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …
Persistent link: https://www.econbiz.de/10010877893