Showing 1 - 10 of 117
quitting ongoing negotiations with Greece's creditors in Brussels. The referendum framed as a yes or no question asked the … continuation" by Greece's creditors. What followed was a chaotic week leading to the referendum with intense campaigning by the two …
Persistent link: https://www.econbiz.de/10011407828
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 about skill. We predict that investors will discount entrepreneurs that … our predictions using an online experiment where respondents are potential investors in seed stage ventures via equity …
Persistent link: https://www.econbiz.de/10011732046
This paper studies whether green investors can influence corporate greenhouse gas emissions through capital markets … investors were more likely to sell off their polluting facilities (greenwashing). Overall, our findings suggest that (a …) corporate managers respond to the environmental preferences of their investors; (b) divestment in polluting companies may be …
Persistent link: https://www.econbiz.de/10014388901
This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory is to integrate theories describing five sociobehavioral processes - comparison (including justice and self-esteem), status, power, identity, and happiness - bringing under a single theoretical...
Persistent link: https://www.econbiz.de/10003652666
Theory predicts that the majoritarian electoral system should produce more targeted redistribution and lower politicians' rents than proportional representation. We test these predictions using micro data for the mixed-member Italian House of Representatives, which allow us to sidestep the...
Persistent link: https://www.econbiz.de/10003652713
This paper analyses the compensatory behavior of smokers. Exploiting data on cotinine concentration a metabolite of nicotine measured in a large population of smokers over time, we show that smokers compensate tax hikes by extracting more nicotine per cigarette. Our study makes two important...
Persistent link: https://www.econbiz.de/10003287556
The historical pattern of the demographic transition suggests that fertility declines follow mortality declines, followed by a rise in human capital accumulation and economic growth. The HIV/AIDS epidemic threatens to reverse this path. A recent paper by Young (2005), however, suggests that...
Persistent link: https://www.econbiz.de/10003902438
Using a rich panel data set from the German Socio-Economic Panel, we test whether spouses who are similar to each other in certain respects have a lower probability of divorce than dissimilar spouses. We focus on the effect of homogamy with respect to education and church attendance. Gary...
Persistent link: https://www.econbiz.de/10003904626
"This paper considers the semiparametric identification of endogenous and exogenous peer effects based on group size variation. We show that Lee (2006)'s linear-in-means model is generically identified, even when all members of the group are not observed. While unnecessary in general,...
Persistent link: https://www.econbiz.de/10003375236
We study the link between family violence and the emotional cues associated with wins and losses by local professional football teams. We hypothesize that the risk of violence is affected by the 'gain-loss' utility of game outcomes around a rationally expected reference point. Our empirical...
Persistent link: https://www.econbiz.de/10003951312