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Gender differences in entrepreneurial choice and risk aversion : a decomposition based on a microeconometric model
Fossen, Frank M. - 2009
Why are female entrepreneurs so rare? Women have both to a lower entry rate into selfemployment and a higher exit rate in Germany. To explain the gender gap, a structural microeconometric model of the transition rates is estimated, which includes a standard risk aversion parameter. As inputs...
Persistent link: https://www.econbiz.de/10003889522
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Differential taxation and firms' financial leverage : evidence from the introduction of a flat tax on interest income
Fossen, Frank M.; Simmler, Martin - 2012
Tax competition for the mobile factor capital has led to a trend in many countries to levy lower taxes on interest income, often introducing differential taxation between interest and business income. In this study, we analyze the effect of such differential taxation on the debt ratio of firms....
Persistent link: https://www.econbiz.de/10009580147
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From financial to real economic crisis : evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015 - This version: September 25, 2015
real economy. We investigate the importance of the bank lending and firm borrowing channel in the international … transmission of bank distress to the real economy—in particular, to real investment and labor employment by nonfinancial firms. We …-level financial statements for the 2004–2010 period together with the financial statements of each firm’s relationship bank(s). We use …
Persistent link: https://www.econbiz.de/10011339776
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The returns to education for opportunity entrepreneurs, necessity entrepreneurs, and paid employees
Fossen, Frank M.; Büttner, Tobias J. M. - 2012
We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...
Persistent link: https://www.econbiz.de/10009665429
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Race to the debt trap? : spatial econometric evidence on debt in German municipalities
Fossen, Frank M.; Freier, Ronny; Martin, Thorsten - 2014
Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by 'competing' on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. This...
Persistent link: https://www.econbiz.de/10010238832
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Entrepreneurial spillovers over space and time
Fossen, Frank M.; Martin, Thorsten - 2016
Entrepreneurship is a local and dynamic phenomenon. We jointly investigate spatial spillovers and time persistence of regional new business formation. Using panel data from all 402 German counties for 1996-2011, we estimate dynamic spatial panel models of business creation in the high-tech and...
Persistent link: https://www.econbiz.de/10011558661
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Race to the debt trap? : spatial econometric evidence on debt in German municipalities ; conference paper
Fossen, Frank M.; Freier, Ronny; Martin, Thorsten - 2014 - This draft: January 20, 2014
Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by 'competing' on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. This...
Persistent link: https://www.econbiz.de/10010485958