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The impact of venture capital on economic growth
Poelhekke, Steven; Wache, Benjamin - 2023
Does venture capital (VC) investment yield economic growth? A large literature studies the effect of VC investments on firm-level activity, but its effects on economic growth are less well understood. We identify the effect of VC investment flows on destination county employment, wages, and...
Persistent link: https://www.econbiz.de/10014335551
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Labor market imperfections, markups and productivity in multinationals and exporters
Dobbelaere, Sabien; Kiyota, Kōzō - 2017
This paper examines the links between the internationalization mode of firms and market imperfections in product and labor markets. We develop a framework for modelling heterogeneity across firms in terms of (i) product market power (price-cost markups), (ii) labor market imperfections (workers'...
Persistent link: https://www.econbiz.de/10011772937
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Private equity waves
Smit, Han T. J.; Berg, Ward A. van den - 2006
This study presents a dynamic model for the private equity market in which information revelation and uncertainty rationally explain the cyclical pattern of investment flows into private equity. The net benefit of private equity over public equity is i) uncertain and ii) agents have private...
Persistent link: https://www.econbiz.de/10011349200
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Badge of honor or scarlet letter? : unpacking investors' judgment of entrepreneurs' past failure
Zunino, Diego; Praag, Mirjam van; Dushnitsky, Gary - 2017
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs’ past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information...
Persistent link: https://www.econbiz.de/10011720322
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Targeting Disability Insurance applications with screening
Godard, Mathilde; Koning, Pierre; Lindeboom, Maarten - 2019
We examine the targeting effects of increased scrutiny in the screening of Disability Insurance (DI) applications using … exogenous variation in screening induced by a policy reform. The reform raised DI application costs and revealed more … not apply under the old system of more lax screening, those who are discouraged from applying are in worse health, have …
Persistent link: https://www.econbiz.de/10012026029
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Catching hipo's : screening, wages and unemployment
Janssen, Maarten C. W. - 2000
In this paper, I study the wage a firm sets to attract high abilityworkers (hipo's) in situationsof unemployment. I show that the higher unemployment, the larger afirm's incentives to sorthigh and low ability workers. Moreover, workers will signal their(high) ability in situationsof (high)...
Persistent link: https://www.econbiz.de/10011303310
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Information overload in multi-stage selection procedures
Ficco, Stefano; Karamychev, Vladimir A. - 2004
The paper studies information processing imperfections in a fully rational decision-making network. It is shown that imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information overload. The paper analyses the mechanisms responsible...
Persistent link: https://www.econbiz.de/10011335195
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Labor market quotas
Bijkerk, Suzanne; Dominguez-Martinez, Silvia; … - 2018 - This version: March 29, 2018
Under-representation of women in high level positions is widespread and persistent. We analyze the consequences of labor market quotas for the wages of women in high level positions. The key point of our paper is that quotas cause asymmetric information about why women work in high level...
Persistent link: https://www.econbiz.de/10011818273
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Dynamic insurance and adverse selection
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2001
We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand Stiglitz model where agents may differ with respect to theaccidental probability and their expenditure levels incase an accident occurs. We investigate the nature of dynamicinsurance...
Persistent link: https://www.econbiz.de/10011318577
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Gift-exchange, incentives, and heterogeneous workers
Non, Jan Adrianus - 2011
Using a formal principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some agents care more for their principal when they are convinced that the principal cares for them. Principals can signal...
Persistent link: https://www.econbiz.de/10011379625