Similar Search Results

Cultural transmission and discrimination

Sáez-Martí, María; Zenou, Yves - 2005

Each worker belongs to either the majority or the minority group and, irrespective of the group she belongs to, can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' purposeful investment...

Persistent link: https://www.econbiz.de/10010267690

On statistical methods for labor market evaluation under interference between units

Karlsson, Maria; Lundin, Mathias - 2016

Evaluation studies aim to provide answers to important questions like: How does this program or policy intervention affect the outcome variables of interest? In order to answer such questions, using the traditional statistical evaluation (or causal inference) methods, some conditions must be...

Persistent link: https://www.econbiz.de/10011695407

Do Financing Constraints Matter for Outward Foreign Direct Investment Decisions? Evidence from India

Sasidharan, Subash; Padmaja, M. - 2016

This study examines the role of financing constraints in explaining outward FDI decisions using unique firm level panel data on Indian manufacturing during the period 2007-2014. We consider the role of both internal finance and external finance in firm decisions on outward FDI and employ...

Persistent link: https://www.econbiz.de/10012142460

Real versus financial frictions to capital investment

Bayraktar, Nihal; Sakellaris, Plutarchos; Vermeulen, Philip - 2005

We formulate and estimate a structural model of firm investment behavior that specifies the exact channel through which financial frictions bite. The model also allows for the existence of both convex and non-convex costs to adjusting capital. Essentially, we move beyond simply testing and...

Persistent link: https://www.econbiz.de/10011604612

Financing obstacles and growth: an analysis for euro area non-financial corporations

Coluzzi, Chiara; Ferrando, Annalisa; … - 2009

This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....

Persistent link: https://www.econbiz.de/10011605043

No derivative shareholder suits in Europe: A model of percentage limits and collusion

Grechenig, Kristoffel; Sekyra, Michael - 2010

this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order … to bring a lawsuit. We show that, under this legal regime, managers will collude with large shareholders by means of … settlements or bribes that impose a negative externality on small shareholders. Contrary to conventional agency models, we find …

Persistent link: https://www.econbiz.de/10010270439

Provision of multilevel public goods through positive externalities: Experimental evidence

Güth, Werner; Sääksvuori, Lauri - 2012

The provision of public goods regularly embodies interrelated spheres of influence on multiple scales. This article examines the nature of human behavior in a multilevel social dilemma game with positive provision externalities to local and global scales. We report experimental results showing...

Persistent link: https://www.econbiz.de/10010281637

Minority shareholders in the Finnish system of corporate governance

Kaisanlahti, Timo - 2002

investors. In a famous study by La Porta et al. (1998) it is concluded that the rights of shareholders are more advanced in … for equal treatment of shareholders. Moreover, we review the spezial rules of minority protection in our Companies Act to … provide a broader view of the legal landscape that Finnish minority shareholders inhabit. In passing, we make some comparisons …

Persistent link: https://www.econbiz.de/10010285271

The impact of unions on nonunion wage setting: Threats and bargaining

Green, David A.; Sand, Benjamin; Snoddy, Iain G. - 2022

In this paper we provide new estimates of the impact of unions on nonunion wage setting. We allow the presence of unions to affect nonunion wages both through the typically discussed channel of nonunion firms emulating union wages in order to fend off the threat of unionisation and through a...

Persistent link: https://www.econbiz.de/10014480363

Driving Factors of the Subprime Crisis and Some Reform Proposals

Rudolph, Bernd; Scholz, Julia - In: CESifo DICE Report 06 (2008) 3, pp. 14-19

Persistent link: https://www.econbiz.de/10011696646