Narrow search
Showing 1 - 10 of 204
Cover Image
Regional financial system and the financial structure of small firms
Mahagaonkar, Prashanth; Chaudhuri, Swayan - 2009
The capital structure of firms is known to be different not only due to firm characteristics but also to the sources of capital. Therefore, there is a need to understand the supply side effects on a firm´s capital structure. A small firm´s choice of financing sources may be limited by the...
Persistent link: https://www.econbiz.de/10010266652
Cover Image
Testing the Modigliani-Miller theorem directly in the lab:a general equilibrium approach
Mahagaonkar, Prashanth; Qiu, Jianying - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
In this paper, we experimentally test the Modigliani-Miller theorem. Applying ageneral equilibrium approach and not allowing for arbitrage among ¯rms with differ-ent capital structure, we are able to address a question fundamental to the valuationof firms: does capital structure affect the...
Persistent link: https://www.econbiz.de/10005866450
Cover Image
Testing the Modigliani-Miller theorem directly in the lab: a general equilibrium approach
Mahagaonkar, Prashanth; Qiu, Jianying - 2008
In this paper, we experimentally test the Modigliani-Miller theorem. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structure, we are able to address a question fundamental to the valuation of firms: does capital structure affect the...
Persistent link: https://www.econbiz.de/10010263892
Cover Image
Regional Financial System and the Financial Structure of Small Firms
Mahagaonkar, Prashanth; Chaudhuri, Swayan - Wirtschaftswissenschaftliche Fakultät, … - 2009
The capital structure of firms is known to be different not only due to firm characteristics but also to the sources of capital. Therefore, there is a need to understand the supply side effects on a firm´s capital structure. A small firm´s choice of financing sources may be limited by the...
Persistent link: https://www.econbiz.de/10005032013
Cover Image
Corruption and innovation: a grease or sand relationship?
Mahagaonkar, Prashanth - 2008
This paper provides a firm-level empirical analysis on the ways in which corruption affects innovative activity. Particularly with respect to the African continent that is striving to reconcile with instability and poverty, this issue seems to be of utmost importance. Using a newly available...
Persistent link: https://www.econbiz.de/10010263875
Cover Image
Self-employment after socialism: Intergenerational links, entrepreneurial values, and human capital
Fritsch, Michael; Rusakova, Alina - 2012
Drawing on representative household data from the German Socio-Economic Panel, we examine the role of an early precursor of entrepreneurial development - parental role models - for the individual decision to become self-employed in the post-unified Germany. The findings suggest that the...
Persistent link: https://www.econbiz.de/10010291817
Cover Image
The long persistence of regional entrepreneurship culture: Germany 1925 - 2005
Fritsch, Michael; Wyrwich, Michael - 2012
and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …
Persistent link: https://www.econbiz.de/10010291827
Cover Image
How much of a socialist legacy? The reemergence of entrepreneurship in the East German transformation to a market economy
Fritsch, Michael; Bublitz, Elisabeth; Rusakova, Alina; … - 2012
The 40 years of socialist regime in East Germany were characterized by a massive anti-entrepreneurship policy. We … investigate the reemergence of entrepreneurship in East Germany during its transformation to a market economy following the … market economy, suggesting the existence of a long-lasting regional entrepreneurship culture. …
Persistent link: https://www.econbiz.de/10010291841
Cover Image
Drivers of self-employment: A multivariate decomposition analysis for the case of Germany
Fritsch, Michael; Kritikos, Alexander; Sorgner, Alina - 2013
for the East German recovery of entrepreneurship after 40 years of socialist regime. We find different results for self … particular increase of solo-entrepreneurship. …
Persistent link: https://www.econbiz.de/10010291851
Cover Image
Entrepreneurship and creative professions: A micro-level analysis
Fritsch, Michael; Sorgner, Alina - 2013
also for entrepreneurship, innovation, and thus, economic growth. We analyze the level and the determinants of self … entrepreneur. Investigating the determinants of entrepreneurship within the creative class as compared to non-creative professions …
Persistent link: https://www.econbiz.de/10010291853