Showing 1 - 10 of 1,080
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …
Persistent link: https://www.econbiz.de/10012458200
. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a … the bank faces a tradeoff between provision of insurance and maintenance of private incentives …
Persistent link: https://www.econbiz.de/10012477783
We investigate how banking relationships that combine lending and underwriting services affect the terms of lending, through both loan supply- and loan demand-side effects, and the underwriting costs of debt and equity issues. We capture and control for firm characteristics, including...
Persistent link: https://www.econbiz.de/10012466039
This paper documents and assesses the significance of the policy changes in China that WTO accession implies in 3 key service categories (banking, insurance, and telecoms), asking whether it is likely they will really be fully implemented in their entirety as undertaken at signature in 2002....
Persistent link: https://www.econbiz.de/10012468551
Trends in BMI values are estimated by centiles of the US adult population by birth cohorts 1886-1986 stratified by ethnicity. The highest centile increased by some 18 to 22 units in the course of the century while the lowest ones increased by merely 1 to 3 units. Hence, the BMI distribution...
Persistent link: https://www.econbiz.de/10012462403
The trend in the BMI values of the US population has not been estimated accurately because time series data are unavailable and because the focus has been on calculating period effects. In contrast to the prevailing strategies, we estimate the trend and rate of change of BMI values by birth...
Persistent link: https://www.econbiz.de/10012462788
We review historical patterns of economic geography' for the United States from the colonial period to the present day. The analysis is framed in terms of two geographic scales: regions and cities. The compelling reason for studying geographic areas of different scales is that models that...
Persistent link: https://www.econbiz.de/10012469105
In nineteenth century America, blacksmiths were a fixture in every village, town and city, producing a diverse range of products from axes to wheels and services from repairs to horse-shoeing. In constructing his historical GNP accounts Robert Gallman opted to exclude these "jacks-of-all-trades"...
Persistent link: https://www.econbiz.de/10012455282
Family firms are typically associated with negative characteristics, including lower tendencies towards innovation, a higher risk of failure, and inefficiencies deriving from nepotism among family members, criticisms which are even greater when the company is handed over to a female relative....
Persistent link: https://www.econbiz.de/10012457812
This paper analyzes the use of the corporate form among nineteenth-century manufacturing firms in Massachusetts, from newly collected data from 1875. An analysis of incorporation rates across industries reveals that corporations were formed at higher rates among industries in which firm size was...
Persistent link: https://www.econbiz.de/10012458569