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Sorgner, Alina; Fritsch, Michael; Kritikos, Alexander - 2014

Based on representative micro data for Germany, we compare the incomes of self-employed with those of wage workers. Our …

Persistent link: https://www.econbiz.de/10010435309

Why did self-employment increase so strongly in Germany?

Fritsch, Michael; Kritikos, Alexander; Sorgner, Alina - 2015

Germany experienced a unique rise in the level of self-employment in the first two decades following unification … employees and the overall level of self-employment in West Germany, their explanatory power is much lower for the stronger … increase of solo self-employment and of self-employment in former socialist East Germany. …

Persistent link: https://www.econbiz.de/10010481527

Who starts a business and who is self-employed in Germany

Fritsch, Michael; Kritikos, Alexander; Rusakova, Alina - 2012

entrepreneurship in Germany between 1991 and 2010, the first two decades after reunification. We investigate the socioeconomic … increase in self-employment in Germany by 40 percent which can partly be attributed to the transformation process of East … Germany and to the shift to the service sector. We notice a yearly start-up rate of 1 percent among the working population …

Persistent link: https://www.econbiz.de/10010287328

Financial risk aversion and household asset diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...

Persistent link: https://www.econbiz.de/10010291769

Bad bank(s) and recapitalization of the banking sector

Schäfer, Dorothea; Zimmermann, Klaus F. - 2009

With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...

Persistent link: https://www.econbiz.de/10010291776

What Causes Cross-industry Differences of Technical Efficiency? An Empirical Investigation

Fritsch, Michael; Stephan, Andreas - 2004

Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms? fixed effects. One striking result is that the distribution of technical efficiency across...

Persistent link: https://www.econbiz.de/10010324228

Bringing home the money: xenophobia and remittances. The case of Germany

Holst, Elke; Schäfer, Andrea; Schrooten, Mechthild - 2008

The determinants of migrants' remittances are the subject of this study based on German SOEP data (2001-2006). In contrast to previous studies we analyze the motives for remittances not only for foreigners but also for the broader group of individuals with a personal migration background. Major...

Persistent link: https://www.econbiz.de/10010324256

What drives the productive efficiency of a firm? The importance of industry, location, R&D, and size

Badunenko, Oleg; Fritsch, Michael; Stephan, Andreas - 2008

This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...

Persistent link: https://www.econbiz.de/10010324257

Venture capital versus bank financing in innovative German firms

Schäfer, Dorothea; Talavera, Oleksandr; Zimmermann, Volker - 2007

The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW...

Persistent link: https://www.econbiz.de/10010264956

The effects of the bank-internal ratings on the loan maturity

Fedorenko, Nataliya; Schäfer, Dorothea; Talavera, Oleksandr - 2007

The paper focuses on the effects of three different internal bank ratings - Risk-, Property- and Creditworthiness-Rating - on the loan maturity. We use a sample of about 5,000 loans given to sole proprietors and corporate borrowers by two German banks from January 2003 till July 2005. The...

Persistent link: https://www.econbiz.de/10010264959