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We examine initial public offerings (IPOs) with single, multiple, and no credit ratings. We document a beneficial effect of credit ratings on IPO underpricing, which is amplified by the existence of multiple credit ratings. Multiple ratings also reduce the extent of filing price revisions....
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Implementing the complex Agenda 2030, with its high global Sustainable Development Goals (SDGs) requires, in the by now short time horizon of reference, an extraordinary effort, at all institutionals and private levels, to converge effectively on the whole system of intermediate and interrelated...
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In this paper, we investigate the sorting of workers in firms to understand gender gaps in labor market outcomes. Using …
Persistent link: https://www.econbiz.de/10012142376
determining contest choice. Complete sorting exists only when the proportion of high-ability contestants is sufficiently small. As … this proportion increases, high-ability contestants shy away from competition and sorting decreases, such that, reverse … sorting becomes a possibility. We test our theoretical predictions with a large panel data set containing contest choice over …
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How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual skills, while firms require and value different...
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