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Persistent link: https://www.econbiz.de/10014459913
In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop our central hypotheses on the basis of a simple theoretical model describing the self-selection of heterogeneous entrepreneurs into particular legal forms, and the implications...
Persistent link: https://www.econbiz.de/10011622932
Persistent link: https://www.econbiz.de/10014320208
This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income expectations by letting income depend on relative...
Persistent link: https://www.econbiz.de/10012033567
This paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market....
Persistent link: https://www.econbiz.de/10003770102
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012155137
Persistent link: https://www.econbiz.de/10000885131
We study the 2011 Austrian Pay Transparency Law, which requires firms above a size threshold to publish internal …
Persistent link: https://www.econbiz.de/10012642660
analyze the reporting behavior and the degree of transparency across the reports. We observe a large heterogeneity with …
Persistent link: https://www.econbiz.de/10012434484
transparency within the firm means that a worker can learn about his own worker-firm match from another worker's pay. This can … level of transparency. The model pre- dicts that when few workers have a high worker-firm match, transparency is always … transparency leads to pay compression, again consistent with evidence from the field. …
Persistent link: https://www.econbiz.de/10014479181