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Entrepreneurial moral hazard in income insurance
Ejrnæs, Mette; Hochgürtel, Stefan - 2011
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011376618
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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
crowdfunding. Respondents evaluate a realistic investment opportunity in a between-subjects design, where we decompose the effect …
Persistent link: https://www.econbiz.de/10011720322
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Lobbying on entry
Perotti, Enrico C.; Volpin, Paolo - 2004
growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …
Persistent link: https://www.econbiz.de/10011338011
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Better safe than sorry? : ex ante and ex post moral hazard in dynamic insurance data
Abbring, Jaap H.; Chiappori, Pierre-André; Zavadil, Tibor - 2008
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex … ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to …
Persistent link: https://www.econbiz.de/10011376656
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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 … 'social connectedness' of counties to major sources of VC investment. Using detailed data on VC flows from investors to …
Persistent link: https://www.econbiz.de/10014335551
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Strategic versus financial investors : the role of strategic objectives in financial contracting
Arping, Stefan; Falconieri, Sonia - 2009
penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10011378146
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Reciprocity and incentive pay in the workplace
Dur, Robert A. J.; Non, Jan Adrianus; Roelfsema, Hein - 2008
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10011377049
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Total factor productivity and the role of entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Adriaan R. - 2009 - Current version: May 2009
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...
Persistent link: https://www.econbiz.de/10011378136
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The empirical economic growth literature
Florax, Raymond J. G. M.; Groot, Henri L. F. de; … - 2002
The empirical economic growth literature is criticized for its lack ofrobustness. For different definitions of … robust.' Were-analyze the empirical results of the economic growth literature for various alternativedefinitions of …
Persistent link: https://www.econbiz.de/10011326970
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The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2014
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10010253459