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On esteem-based incentives
Mazyaki, Ali; Weele, Joël J. van der - 2018
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
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Mutual funds and information diffusion : the role of country-level governance
Lin, Chunmei; Massa, Massimo; Zhang, Hong - 2014
We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...
Persistent link: https://www.econbiz.de/10010370657
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Credit rationing effects of credit value-at-risk
Slijkerman, Jan Frederik; Smant, David Jan Cornelis; … - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...
Persistent link: https://www.econbiz.de/10011334832
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Unsecured and secured funding
Di Filippo, Mario; Ranaldo, Angelo; Wrampelmeyer, Jan - 2018
We empirically investigate why wholesale funding is fragile by providing the first study of how individual banks borrow and lend in the euro unsecured and secured interbank market. Consistent with theories in which lenders enforce market discipline by monitoring counterparty credit risk and...
Persistent link: https://www.econbiz.de/10011818292
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Pros and cons of 'backing winnders' in innovation policy
Butter, Frank A. G. den; Jo, Seung-gyu - 2009
Persistent link: https://www.econbiz.de/10003813782
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Designing financial support for SMEs during crises : the role of bank lending
Wang, Tianxi; Wang, Xuan - 2021
When designing schemes to help SMEs survive crises, the government typically faces asymmetric information, so that it cannot target the SMEs most worth saving. We show that the government can exploit the information in the borrower loan demand to improve policy targets compared with existing...
Persistent link: https://www.econbiz.de/10012665866
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Public initiatives to support entrepreneurs : credit guarantees versus co-funding
Arping, Stefan; Lóránth, Gyöngyi; Morrison, Alan - 2009
Persistent link: https://www.econbiz.de/10003813752
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Public initiatives to support entrepreneurs : credit guarantees versus co-funding
Arping, Stefan; Lóránth, Gyöngyi; Morrison, Alan - 2009
assets, if it encourages excessive entrepreneurial entry, or if it undermines bank monitoring incentives. We derive a …
Persistent link: https://www.econbiz.de/10011377605
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Incentivizing creativity : a large-scale experiment with tournaments and gifts
Bradler, Christiane; Neckermann, Susanne; Warnke, Arne - 2016
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for …
Persistent link: https://www.econbiz.de/10011479746
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Persistent effects of temporary incentives : evidence from a nationwide health insurance experiment
Baillon, Aurélien; Capuno, Joseph J.; O'Donnell, Owen; … - 2019
nationwide randomized experiment in the Philippines to estimate effects three years after the withdrawal of two incentives for …Temporary incentives are offered in anticipation of persistent effects, but these are seldom estimated. We use a …
Persistent link: https://www.econbiz.de/10012122550