Showing 1 - 10 of 362
Adding to the corruption-gender nexus, this paper contributes across several dimensions: (a) measurement of corruption … ceiling were undermined in nations with severe gender inequality. …
Persistent link: https://www.econbiz.de/10011996997
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …
Persistent link: https://www.econbiz.de/10009752997
Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk … aversion among women explains a large share of the entrepreneurial gender gap. We also find an education effect contributing to …
Persistent link: https://www.econbiz.de/10010354771
We demonstrate how endogenous information acquisition in venture capital markets creates investment cycles when competing financiers undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal screening externalities induced by competition among...
Persistent link: https://www.econbiz.de/10011506424
Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of disclosure by Japanese Shinkin banks in 1996 and...
Persistent link: https://www.econbiz.de/10011402650
We study optimal security design when the issuer and market participants agree to disagree about the characteristics of the asset to be securitized. We show that pooling assets can be optimal because it mitigates the effects of disagreement between issuer and investors, whereas tranching a...
Persistent link: https://www.econbiz.de/10011795041
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10011507850
During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several new equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...
Persistent link: https://www.econbiz.de/10011507965
venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject …
Persistent link: https://www.econbiz.de/10011514038
Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...
Persistent link: https://www.econbiz.de/10011514156