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In an efficient economy, capital should be quickly (re)allocated from declining firms and sectors to more profitable investment opportunities. This process is affected by the concentration of corporate control, which in turn is affected by market institutions. We employ a panel of 12,000 firms...
Persistent link: https://www.econbiz.de/10005864505
Policy interest since the early 1980s has focused in different ways on the crea-tion of a large, productive, taxable economy - in which entrepreneurship plays a role for employment, income growth and innovation. The current understanding of various forms of entrepreneurship remains incomplete,...
Persistent link: https://www.econbiz.de/10005864515
This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...
Persistent link: https://www.econbiz.de/10005864591
This paper analyzes the trade-o! between monitoring and incentives in a principal-agent relationship with moral hazard … the agentfaces a limited liability constraint. We show that the principal uses less monitoring andstronger incentives if … the agent's liability limit is relaxed or if monitoring costs increase.To induce more e!ort on the part of the agent, the …
Persistent link: https://www.econbiz.de/10005841062
Zusammenhang wird die Ermittlung und die Analyse der Web-Site-Nutzung unter dem Begriff "Web Site Monitoring" (WSM) zusammengefaßt …. Arbeitspapier Nr. 6/2000 definierte zunächst die zentralen Begriffe "Web Site" und "Monitoring" und verdeutlichte dessen …
Persistent link: https://www.econbiz.de/10005841413
vorliegenden Arbeitspapiers wird die Ermittlung und die Analyse der Web-Site-Nutzung unter dem Begriff "Web Site Monitoring" (WSM … Engineering (WSE) im Vordergrund. Web Site Monitoring wird dabei als Bestandteil eines unternehmerischen Web Site Controlling … Monitoring aus. Die verschiedenen Untersuchungsformen und -bereiche des Web Site Monitoring werden im abschließenden fünften …
Persistent link: https://www.econbiz.de/10005841414
Viele Unternehmen bewerten heute den Betrieb einer eigenen WWW-Präsenz (Web Site) als Determinante ihrer Wettbewerbsfähigkeit. Eine dauerhaft erfolgreiche Web Site muß stringent an den Anforderungen ihrer Adressaten ausgerichtet sein. Bedingt durch die Dynamik des globalen Wettbewerbs und der...
Persistent link: https://www.econbiz.de/10005841416
-Engineering vorgenommen sowie die Verwendung der Monitoring-Ergebnisse für das Online-Marketing skizziert. …
Persistent link: https://www.econbiz.de/10005841440
We analyze gender differences associated with loan officer performance. Using a unique data set for a commercial bank over the period 1996 to 2006, we find that loans screened and monitored by female loan officers show a statistically and economically significant lower likelihood to turn...
Persistent link: https://www.econbiz.de/10005870558
A large body of literature has shown that small firms experience difficulties in accessing the credit market due to informational asymmetries. Banks can overcome these asymmetries through relationship lending, or at least mitigate their effects by asking for collateral. Small firms, especially...
Persistent link: https://www.econbiz.de/10009138470