The well-known inverse relationship between farm size and productivity is usually explained in terms ofdiminishing returns with respect to land and other inputs coupled with various types of market frictions thatprevent the efficient allocation of land across farms. We show that even in the...

Today rural sector reform is a paramount issue in Indonesian development. Yet, different social actorshave different perspectives and stances towards it. Non-Government Organisations (NGOs) inIndonesia have established themselves in pivotal positions in the social, economic and...

In this paper we review as well as contribute to the empirical literature on the impact of landreform on agricultural productivity in India. We find that, overall for all states, land-reform legislation had anegative and significant effect on agricultural productivity. However, this hides...

The experience of West Bengal under the panchayat system stands in sharp contrast withthat of other states and, together with land reform, it has been credited for playing animportant role in the impressive economic turnaround of the state since the mid 1980s. WestBengal is the first and the...

Recent econometric studies only emphasize the role of longterm demand expectations and technological capability. They neglect the impact of buyer market structure on innovative efforts of input suppliers....

Vorliegende Studie analysiert die Determinanten der Eigenkapitalrendite deutscher Sparkassen. Die Untersuchungerfolgt auf Basis eines Paneldatensatzes, der die Bilanzdaten sowie regulatorischen Kenngrößen allerSparkassen in Deutschland zwischen 1999 und 2007 beinhaltet. Die Ergebnisse der...

While several plots of the aggregate age distribution suggest that rm age is expo-finentially distributed, we find some departures from the exponential benchmark. At thelower tail, we find that very young establishments are more numerous than expected,but they face high exit hazards. At the...

This paper shows how cognitive human dispositions that take effect at the level of an individualfirm’s corporate culture have repercussions on an industry’s evolution. In our theory, the latter isattributable to evolving corporate cultures coupled with changes in a firm’s...

Der schweizer Finanzplan ist reich an Vermögnesverwaltern. Die Wahrnehmung allerdings, dass allein die Banken in diesem lukrativen Geschäft aktiv sind, ist falsch. Unterschätzt werden die zahlreichen unabhängigen Vermögensverwalter, die ihre Dienste vermögenden Kunden anbieten. [...]