This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women’s investment is less sensitive to cash flow, which indicates that it is unlikely …

This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …

This study develops a parsimonious stable coe?cient money demand model for Estonia for the period from 1995 till 2006 …

This paper presents one of the first studies of firm demographics in Estonia, particularly, on the processes of firm … Estonia during the observed period from 1995 to 2001, resulting from low institutional entry barriers and emergence of the SME …

on the unconditional, down-flow grant system in Estonia. In particular the procedure of determining the total sum of …

This article documents and analyses gross job flows and their determinants in Estonia over the years 1995-2001, using a … database containing the population of officially registered firms in Estonia (all in all 52,000). Our results show that job … creation and job destruction rates have been rather high in Estonia and are comparable to the levels documented for the US. We …

changes during the last ten years in the Estonian benefit system have influenced the incentives. As Estonia belongs to the …

planning and ask about differences in job creation across two different transition economies: Estonia, which experienced rapid …