Showing 1 - 10 of 13
In this paper we investigate whether consumer loans are used to finance business activities. We show that self-employed households particularly use personal overdrafts significantly more often than employee households. The difference remains when controlling for financial and non-financial...
Persistent link: https://www.econbiz.de/10005748170
Community Development Finance Institutions (CDFIs) are publicly funded organisations that provide small loans to people in financially underserved areas of the UK. Policy makers have repeatedly sought to understand and measure the performance of CDFIs to ensure the efficient use of public funds,...
Persistent link: https://www.econbiz.de/10005818118
Supporting start-ups by unemployed persons with governmental programs became an important issue as benefits could include termination of unemployment and further job creation. However, it is feared that previously unemployed lack qualifications for entrepreneurship. We analyze potential effects...
Persistent link: https://www.econbiz.de/10005748161
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment-on-delivery, by tearing a banknote and giving the agent half of it as “prepayment”; the agent receives the completing half after...
Persistent link: https://www.econbiz.de/10005748166
This paper studies the role of information in dictator and impunity games. We experiment with four settings: i) a standard dictator game; ii) a dictator game where the surplus size is stochastic, with a probability of being a big or small pie, and the actual size is unobservable to the responder;...
Persistent link: https://www.econbiz.de/10005748167
Risk attitudes have an impact on not only the decision to become an entrepreneur but also on the survival and failure rates of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk attitudes and the decision to become an entrepreneur,...
Persistent link: https://www.econbiz.de/10005748168
This paper empirically analyzes whether the character-based approach, which focuses on the personality structure and the human capital of business founders, allows prediction of entrepreneurial success. A unique data set is used consisting of 414 persons whose personal characteristics were...
Persistent link: https://www.econbiz.de/10005748171
This paper deals with the present undervaluation policy in China in the light of the German experiences with the undervaluation of the Deutschmark under Bretton Woods conditions. In Germany, there was a 20 years lasting academic and public debate on the needs for appreciation because of the high...
Persistent link: https://www.econbiz.de/10005748162
In contrast to the more established alternative asset classes like real estate or hedge funds, there is not much research available for investments in shipping. This article contributes to closing this gap in the literature and investigates the diversification properties of investments in...
Persistent link: https://www.econbiz.de/10005748163
Persistent link: https://www.econbiz.de/10005748164