Showing 1 - 10 of 7,970
This paper examines a change in the level of competition in the Japanese life insurance industry over the last 17 years. We estimate the first order condition for profit-maximizing insurance oligopolies to obtain the degree of non-competition and collusion. Estimation results suggest that: 1)...
Persistent link: https://www.econbiz.de/10012736332
This paper considers optimal reinsurance based on an assessment of the reinsurance arrangements for a large life insurer. The objective is to determine the reinsurance structure, based on actual insurer data, using a modified mean-variance criteria that maximises the retained premiums and...
Persistent link: https://www.econbiz.de/10010551701
This paper views the economic growth experience in Morocco from the perspective of private firms. Using models of optimal firm size as a theoretical framework, the paper analyzes empirically the factors affecting the growth process of Moroccan private firms. The analysis is based on a field...
Persistent link: https://www.econbiz.de/10005787224
The view that profitability, not growth, is the main driving force behind the firm performance, and unprofitable high … the hypothesis that controlling for leverage, low growth-high profitability firms (profit-focused firms) outperform high … growth-low profitability firms (growth-focused firms) regarding both directions of their transition to an upper (i.e., high …
Persistent link: https://www.econbiz.de/10009321797
Sektorale Spezialisierung wird in Deutschland häufig als eine sinnvolle Option zur Stärkung regionalen Wachstums angesehen: Während viele Städte (z. B. Wolfsburg, Frankfurt am Main) bereits durch starke Konzentration gekennzeichnet sind, versuchen auch andere Regionen solche Zentren zu...
Persistent link: https://www.econbiz.de/10011148800
This paper views the economic growth experience in Morocco from the perspective of private firms. Using models of optimal firm size as a theoretical framework, the paper analyzes empirically the factors affecting the growth process of Moroccan private firms. The analysis is based on a field...
Persistent link: https://www.econbiz.de/10005789747
The paper deals with the analysis of causal effects of venture capital finance for new firms' growth. The crucial criterion for venture capitalists to invest in young firms is the expectation of growth of those investments. Hence, selection biases between the group of venture-backed firms and...
Persistent link: https://www.econbiz.de/10008533582
This paper provides new insights on the firm age and growth nexus along the entire distribution of (positive and negative) growth rates. Using data from the EFIGE survey, and adopting a quantile regression approach we uncover evidence for a sample of French, Italian and Spanish manufacturing...
Persistent link: https://www.econbiz.de/10010595566
Using information from the Amadeus dataset and the Business Environment and Enterprise Performance Survey, we provide an empirical investigation of the industry and firm-specific determinants of the intensive margin (i.e., within existing firms) job creation process in eleven Central and Eastern...
Persistent link: https://www.econbiz.de/10010840891
This paper provides new insights on the dependence of firm growth on age along the entire distribution of (positive and negative) growth rates, and conditional on survival. Using data from the EFIGE survey, and adopting a quantile regression approach, we uncover evidence for a sample of French,...
Persistent link: https://www.econbiz.de/10010722777