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Risikofaktoren und Multifaktormodelle für den Deutschen Aktienmarkt (Risk Factors and Multi-Factor Models for the German Stock Market)
Hanauer, Matthias; Kaserer, Christoph; Rapp, Marc Steffen - 2011
Der deutsche Aktienmarkt sah sich in den letzten 15 Jahren substantiellen Veränderungen gegenüber, welche unter anderem in eine zunehmende Internationalisierung und deutlich erhöhten Streubesitz mündeten. In der vorliegenden Arbeit untersuchen wir, inwieweit dies die aus klassischen...
Persistent link: https://www.econbiz.de/10010307494
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Value, price and exploitation: The logic of the transformation problem
Mohun, Simon; Veneziani, Roberto - 2017
This paper tries to clarify the logical structure of the relationship between labour values and prices from an axiomatic perspective. The famous 'transformation problem' is interpreted as an impossibility result for a specific interpretation of value theory based on specific assumptions and...
Persistent link: https://www.econbiz.de/10011927980
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The structure and content of Das Kapital
Basu, Deepankar - 2017
Karl Marx's magnum opus, Das Kapital, presents an analysis of the long run dynamics of a mature capitalist economy. The analysis is conducted at two primary levels of abstraction - "capital in general" (where competition between individual capitals is abstracted from) and "many capitals" (where...
Persistent link: https://www.econbiz.de/10011788915
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Institutions, the cost of capital, and long-run economic growth: Evidence from the 19th century capital market
Alquist, Ron; Cha, Ben - 2012
estimate the country-specific cost of capital. We find a negative relationship between institutions that protect property …Late 19th century investors demanded compensation to invest in countries with poor institutional protection of property … rights and capital costs. Firms located in countries with weak institutions were charged a premium compared to similarly …
Persistent link: https://www.econbiz.de/10010292144
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Institutions, infrastructure, and trade
Francois, Joseph F.; Manchin, Miriam - 2007
the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We …
Persistent link: https://www.econbiz.de/10010294570
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Wealth-income ratios in a small, late-industrializing, welfare-state economy: Sweden, 1810-2014
Waldenström, Daniel - 2015
smaller countries that were historically backward and developed a different set of political and economic institutions during … political institutions for the long-run evolution of wealth-income ratios. …
Persistent link: https://www.econbiz.de/10011406159
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Emigration and democracy
Docquier, Frédéric; Lodigiani, Elisabetta; Rapoport, … - 2011
Migration is an important and yet neglected determinant of institutions. The paper documents the channels through which … emigration affects home country institutions and considers dynamic-panel regressions for a large sample of developing countries …
Persistent link: https://www.econbiz.de/10010336024
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Individual and structural influences on the entrepreneurial activities of academics
Bijedić, Teita; Maaß, Frank; Schröder, Christian; … - 2016
contract incentives, wage satisfaction), (ii) institutions (e.g. technology transfer offices, patent exploitation agencies … support infrastructure for start-ups in German academic institutions, these services are little known amongst their staff …
Persistent link: https://www.econbiz.de/10011573969
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Effects of institutional history and leniency on collusive corruption and tax evasion
Buckenmaier, Johannes; Dimant, Eugen; Mittone, Luigi - 2018
We investigate the effects of an institutional mechanism that incentivizes taxpayers to blow the whistle on collusive corruption and tax compliance. We explore this through a formal leniency program. In our experiment, we nest collusive corruption within a tax evasion framework. We not only...
Persistent link: https://www.econbiz.de/10011969206
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The causal effect of trust
Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2018
Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011969215