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Give It Another Shot: Startup Experience and the Mobilization of Human Resources in New Ventures
Rocha, Vera; Pozzoli, Dario - 2021
failure, and demand-side constraints are not empirically supported. …
Persistent link: https://www.econbiz.de/10012658072
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Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure
Zunino, Diego; van Praag, Mirjam C.; Dushnitsky, Gary - 2017
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 … experienced past failure. However, in the presence of a signal of skill, the magnitude of the failure discount is reduced. We test …
Persistent link: https://www.econbiz.de/10011744729
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Not so lucky any more: CEO compensation in financially distressed firms
Kang, Qiang; Mitnik, Oscar A. - 2008
There is a debate on whether executive pay reflects rent extraction due to managerial power or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10010269077
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Mortgage indebtedness and household financial distress
Georgarakos, Dimitris; Lojschova, Adriana; … - 2009
Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in Southern countries, France and Belgium, where fewer households have a mortgage outstanding relative to...
Persistent link: https://www.econbiz.de/10010269704
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Financial Distress and the Role of Management in Micro and Small-Sized Firms
Alexandre, Fernando; Cruz, Sara; Portela, Miguel - 2020
In this paper, we focus on managerial characteristics of micro and small-sized firms. Using linked employer-employee data on the Portuguese economy for the 2010-2018 period, we estimate the impact of management teams' human capital on the probability of firms becoming financially distressed and...
Persistent link: https://www.econbiz.de/10012322537
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Transfer Payment Systems and Financial Distress: Insights from Health Insurance Premium Subsidies
Schmid, Christian P. R.; Schreiner, Nicolas; Stutzer, Alois - 2020
How should payment systems of means-tested benefits be designed to improve the financial situation of needy recipients most effectively? We study this question in the context of mandatory health insurance in Switzerland, where recipients initially received either a cash transfer or subsidized...
Persistent link: https://www.econbiz.de/10012322566
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After the Farm Crisis: Religiosity in the Rural United States
Orman, Wafa Hakim - 2013
The farm crisis in the United States in the 1980s had profound effects on rural, agricultural regions of the country, but almost no impact on urban and suburban areas. I use a difference-in-difference methodology and find that religiosity as measured by religious attendance increased...
Persistent link: https://www.econbiz.de/10010319512
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After the Farm Crisis: Religiosity in the Rural United States
Orman, Wafa Hakim - Institute for the Study of Labor (IZA) - 2013
The farm crisis in the United States in the 1980s had profound effects on rural, agricultural regions of the country, but almost no impact on urban and suburban areas. I use a difference-in-difference methodology and find that religiosity as measured by religious attendance increased...
Persistent link: https://www.econbiz.de/10010685369
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Mortgage Indebtedness and Household Financial Distress
Georgarakos, Dimitris; Lojschova, Adriana; … - Institute for the Study of Labor (IZA) - 2009
Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in Southern countries, France and Belgium, where fewer households have a mortgage outstanding relative to...
Persistent link: https://www.econbiz.de/10008558942
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Not So Lucky Any More: CEO Compensation in Financially Distressed Firms
Kang, Qiang; Mitnik, Oscar A. - Institute for the Study of Labor (IZA) - 2008
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10005761844