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Innovation and institutional ownership
Aghion, Philippe (contributor); Van Reenen, John (contributor) - 2009
with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of …
Persistent link: https://www.econbiz.de/10003867953
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Theory of incentive contracts in agriculture - consumption credit as a risk instrument
Kotwal, Ashok - 1981
Persistent link: https://www.econbiz.de/10003527884
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Optimal procurement of a credence good under limited liability
Bester, Helmut; Yaofu, Ouyang - 2017
This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
Persistent link: https://www.econbiz.de/10011781931
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Support for the SME supporting factor : multi-country empirical evidence on systematic risk factor for SME loans
Dietsch, Michel; Düllmann, Klaus; Fraisse, Henri; … - 2016
Using a unique and comprehensive data set on the two largest economies of the Eurozone - France and Germany - this paper first proceeds to a computation of the Gordy formula relaxing the ad hoc sizedependent constraints of the Basel formulas. Our study contributes to Article 501 of the Capital...
Persistent link: https://www.econbiz.de/10011564456
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Maturity shortening and market failure
Thierfelder, Felix - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
Persistent link: https://www.econbiz.de/10009509089
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Financing and advising early stage startups : the effect of angel investor subsidies
Berger, Marius; Gottschalk, Sandra - 2021
In recent years governments around the world have introduced policies to stimulate investments in early stage entrepreneurial companies, in particular investments by Angel investors. In this paper we study whether introducing subsidies to Angel investors has effects on startups’ access to...
Persistent link: https://www.econbiz.de/10012622932
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Equity crowdfunding and early stage entrepreneurial finance : damaging or disruptive?
Estrin, Saul; Gozman, Daniel; Khavul, Susanna - 2017
Persistent link: https://www.econbiz.de/10011737765
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Public subsidies and the sources of venture capital
Berger, Marius; Hottenrott, Hanna - 2020
Research suggests that public subsidies for newly founded firms have a positive effect on follow-on financing, in particular, Venture Capital (VC). This study differentiates between Government VC, Independent VC, Corporate VC, and Business Angels and shows that public subsidies are not relevant...
Persistent link: https://www.econbiz.de/10012389514
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Gendered access to finance : the role of team formation, idea quality, and implementation constraints in business evaluations
Bartoš, Vojtěch; Castro, Silvia; Czura, Kristina; … - 2023
entrepreneurial teams. In a lab-in-the-field experiment with Ugandan loan officers, we document gender discrimination of individual …
Persistent link: https://www.econbiz.de/10014477359
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Competition and fatigue at work
Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2018
work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they … also allow for variations in incentives in one work period, in order to analyze spillover effects to the work periods … experimental data. A short-term increase in incentives in one period should lead to higher effort in that period, and, due to …
Persistent link: https://www.econbiz.de/10011976073