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We explore the country-specific institutional characteristics likely to influence an individual's decision to become an entrepreneur. We focus on the size of the government, on freedom from corruption, and on 'market freedom' defined as a cluster of variables related to protection of property...
Persistent link: https://www.econbiz.de/10008668035
plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of … insiders' capitalism that we describe, trough the costless appropriation of an intricate cobweb of Call-Put structures, has … two sides of the Warrant Economics coin. We argue that the Warrant Economics state of capitalism has been legitimised by a …
Persistent link: https://www.econbiz.de/10009524338
We investigate emigrant self-selection according to institutional quality using up to 3,566 observations on bilateral migration flows from 77 countries over the 1990-2000 period. We relate these flows to differences in political and economic institutions. We improve and expand upon previous...
Persistent link: https://www.econbiz.de/10011317631
world of ceaseless innovation is drummed into students. Third, little is discussed about AI's scaling problem - it faces … AI has essentially become a project of platform capitalism (techfeudalism) and that the last extraction zone it is being …
Persistent link: https://www.econbiz.de/10015064440
People benefit from being perceived as trustworthy. Examples include sellers trying to attract buyers, or candidates in elections trying to attract voters. In a laboratory experiment using exchange games, in which the trustor can choose the trustee, we study whether trustees can signal their...
Persistent link: https://www.econbiz.de/10011493873
We review recent studies on management practices and their consequences for women in the workplace. First, the High Performance Work System (HPWS) is associated with greater gender diversity in the workplace while there is little evidence that the HPWS reduces the gender pay gap. Second,...
Persistent link: https://www.econbiz.de/10011664389
Milton Friedman has famously claimed that the responsibility of a manager who is not the owner of a firm is "to conduct the business in accordance with their [the shareholders'] desires, which generally will be to make as much money as possible." In this paper we argue that when contracts are...
Persistent link: https://www.econbiz.de/10011906086
Most empirical studies on Corporate Social Responsibility (CSR) use cross-sectional data or case studies, making causality hard to establish. We overcome this limitation by using panel data on Chinese firms. We find no effect of last year's profits on CSR ratings, although their negative...
Persistent link: https://www.econbiz.de/10011762251
Freedom of choice is often thought to improve efficiency. We experimentally investigate the effect of giving workers a choice between compensation schemes with and without a CSR component (CSR/NoCSR) on labor market participation decision and work performance, compared to the alternative of...
Persistent link: https://www.econbiz.de/10014431787
Entrepreneurship scholarship and policy are based on the myth of firm growth as imperative and the related myth of perpetual economic growth. This paper takes issue with the obsession with this growth myth, discussing the dangers it poses. Green growth and sustainable entrepreneurship are...
Persistent link: https://www.econbiz.de/10014584338