Showing 1 - 10 of 847
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10013149514
Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging … unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects … second exploits a quasi-experiment in East Germany created by a mistaken technology choice of the state …
Persistent link: https://www.econbiz.de/10013123919
This paper analyses the effect of information disseminated by the Internet on voting behavior. We address endogeneity … in Internet availability by exploiting regional and technological peculiarities of the preexisting voice telephony … network that hinder the roll-out of fixed-line broadband infrastructure for high-speed Internet. We find small negative …
Persistent link: https://www.econbiz.de/10013106295
. We combine data on high-speed (broadband) internet availability at the local level with individual register data on the … unemployed in Germany. We address endogeneity by exploiting technological peculiarities in the network that affected the roll …-out of high-speed internet. The results show that high-speed internet improves reemployment rates after the first months of …
Persistent link: https://www.econbiz.de/10012917098
.S., Canada, the U.K., and Germany, we construct beauty measures in different ways that allow putting a lower bound on the true …
Persistent link: https://www.econbiz.de/10013127722
East and West Germany. As expected, there are substantial differences with respect to all three of these measures … or redistributive preferences. Nonetheless, individuals from East Germany tend to be more supportive of state …
Persistent link: https://www.econbiz.de/10013128215
In this paper the hypothesis that partnerships between immigrants and natives are less specialized - in the sense that spouses provide similar working hours per weekday - than those between immigrants is tested. The empirical analysis relies on panel data using a two-limit random effects tobit...
Persistent link: https://www.econbiz.de/10013128221
into self-employment and survival of self-employed persons in Germany. The empirical analysis reveals that among the …
Persistent link: https://www.econbiz.de/10013128222
Based on new, exceptionally informative and large German linked employer-employee administrative data, we investigate the question whether the omission of important control variables in matching estimation leads to biased impact estimates of typical active labour market programs for the...
Persistent link: https://www.econbiz.de/10013128839