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interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that … allows to identify the intrafamily correlation in well-being. The parameters of the model can be estimated with panel data …
Persistent link: https://www.econbiz.de/10010315600
equilibriumvolatility and correlation risk premia. In our economy, uncertainty is linked to both firm-specific and market-wide signals …: Greatersubjective uncertainty or higher disagreement on the market-wide signal imply a larger correlation of beliefs, a strongerco …-movement of stock returns, and a substantial correlation risk premium generated by the endogenous optimal risksharingamong …
Persistent link: https://www.econbiz.de/10009305103
Basis einer repräsentativen Befragung von Familienunternehmen aus dem Jahr 2008/2009 ein Logit-Modell geschätzt, um die … survey of family businesses in the years 2008 and 2009 a logit model was estimated to investigate which factors determine the …
Persistent link: https://www.econbiz.de/10010332556
Goal structures in family firms seems of particular interest to the field as the overall orientation and the objectives … of family firms are determined in an area of potential conflict between the two subsystems of firm and family. We asked … shareholders of German family firms to rate the importance of certain goals in the organization's management. By doing a principal …
Persistent link: https://www.econbiz.de/10010305727
In this paper we explore the composition of students, the study length towards diploma, and examine the likelihood of … female university students in Sweden has children. In Sweden as in many other countries enrollment periods have been … achievement we find that students with children seem to be somewhat more efficient in their studies among those who have graduated …
Persistent link: https://www.econbiz.de/10010321155
rules, we calculate inheritance tax rates for the whole period for a number of differently endowed family firms and … introduced in the 1970s, which sharply reduced tax rates for inherited family businesses. Tax rates for deceased individuals were …
Persistent link: https://www.econbiz.de/10010321385
A survey conducted by the Center for Entrepreneurial and Financial Studies (CEFS) at Technische Universität München in cooperation with the chamber of commerce (IHK) for Munich and Oberbayern showed that mid-sized businesses show great interest in private equity. However, nearly 60% of the 266...
Persistent link: https://www.econbiz.de/10010305734
' years of schooling, but has no significant average effect on boys. Analysis of effects by fam-ily background suggests that …
Persistent link: https://www.econbiz.de/10010273930
This study uses sibling correlation to investigate the importance of parental and household characteristics on three …. Moreover, the sibling correlation is higher for the younger generation of siblings than the older generation, and for sisters … correlations, whereas socioeconomic outcomes, family structure, parental health and residential zone have only a limited …
Persistent link: https://www.econbiz.de/10012013513
We estimate the causal relationship between family size and labour market outcomes for families in low fertility and … low female employment regime. Family size is instrumented using twinning and gender composition of the first two children … family size with maternal education and age. An unintuitive feature of our finding is that we identify a positive bias of OLS …
Persistent link: https://www.econbiz.de/10010321396