Showing 1 - 10 of 36
credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on …
Persistent link: https://www.econbiz.de/10011335903
Existing empirical evidence suggest that entrepreneurs are optimists, a finding researchers often interpret as evidence of a behavioral bias in entrepreneurial decision-making. We revisit this claim by analyzing an unusually large survey dataset (180,814 responses) that allows us to create a...
Persistent link: https://www.econbiz.de/10013208671
opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …
Persistent link: https://www.econbiz.de/10010288153
economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate …) constraints and develops a theoreticalframework that examines the main obstacles to entrepreneurship in Africa’s LDCs. The … economies, development of productive entrepreneurship cannot be left tomarkets alone. The policy analysis suggests that the …
Persistent link: https://www.econbiz.de/10009360486
For simple problems (only) in stochastic storage, analytic solutions are available,and although simulation is available for more difficult problems, in many casesthis is impractically slow. A new system of partial dierential equations (PDEs),derived via techniques used to value options in nance,...
Persistent link: https://www.econbiz.de/10005870112
Traditional theories of the origins of the welfare state have emphasized the financial weakness of Britain’s largest provider of mutual insurance in the late 19th century, the friendly societies. These theories share common implications with contemporary theories of institutional change...
Persistent link: https://www.econbiz.de/10005870390
By analysing a newly compiled database of exchange rates, this paper finds that Central European financial integration advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long-distance financial integration progressed in...
Persistent link: https://www.econbiz.de/10005870400
Private equity funds and hedge funds are both alternative asset classes that are continuouslygrowing in importance. Although they have different focuses, they share some characteristics.First of all, both have or allegedly have a significant impact on the economy as well as thefinancial system...
Persistent link: https://www.econbiz.de/10005870406
This study examines a problem of fiscal deficits based on the Ottoman budget of 1275 A.H. (March 1859–February 1860).1 In this period, state debt amassed rapidly due to increased market loans abroad. In order to evaluate the credibility of the Ottoman government for a new loan, Lord Hobart and...
Persistent link: https://www.econbiz.de/10005870571
This paper is a case study about investor behaviour of the government of Berne on capital markets in the 18th century, focussing mainly on London. Economic theory about principal-agent problems and portfolio administration will be used to analyse quantitative and qualitative data from government...
Persistent link: https://www.econbiz.de/10005870577