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An applied econometricians' view of empirical corporate governance studies

Börsch-Supan, Axel - 2000

The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure of the board and the market for corporate control influence firm performance. This...

Persistent link: https://www.econbiz.de/10013428324

Imposing and testing curvature conditions on a Box-Cox cost function

Koebel, Bertrand M. - 2000

We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...

Persistent link: https://www.econbiz.de/10013428379

Does banknote quality affect counterfeit detection? : experimental evidence from Germany and the Netherlands

Horst, Frank van der; Eschelbach, Martina; Sieber, Susann; … - 2016

Netherlands and Germany. Participants received a set of 200 banknotes with either a high or a low average soil level, based on the … actual circulation in two different countries. Real-life circulation in both Germany and the Netherlands is in between these …

Persistent link: https://www.econbiz.de/10011452776

Precautionary motives in short-term cash management : evidence from German POS transactions

Eschelbach, Martina; Schmidt, Tobias - 2013

This paper empirically investigates whether individuals withhold a certain amount of cash for precautionary reasons at … the point-of-sale (POS) in order to be able to cover future transactions that might have to be paid for in cash. Such … being settled in cash declines significantly as the amount of cash available at one’s disposal decreases. This indicates …

Persistent link: https://www.econbiz.de/10010192759

Coin migration between Germany and other euro area countries

Uhl, Matthias - 2020

that, for the coin denominations €2, €1, 50 cent and 20 cent roughly the same quantity of euro coins migrate from Germany … Republic of Germany are not materially explained by exports of coins to other euro area countries. …