We explore convenient analytic properties of distributions constructed as mixtures of scaled and shifted t-distributions. A feature that makes this family particularly desirable for econometric applications is that it possesses closed-form expressions for its anti-derivatives (e.g., the...

The capital structure of firms is known to be different not only due to firm characteristics but also to the sources of capital. Therefore, there is a need to understand the supply side effects on a firm´s capital structure. A small firm´s choice of financing sources may be limited by the...

The capital structure of firms is known to be different not only due to firm characteristics but also to the sources of capital. Therefore, there is a need to understand the supply side effects on a firmś capital structure. A small firmś choice of financing sources may be limited by the...

Im Juni 2014 führte das ifo Institut eine einmalige Sonderumfrage zu Löhnen, Beschäftigung und Finanzierung durch, an der mehr als 2 400 Unternehmen aus dem Verarbeitenden Gewerbe, dem Dienstleistungssektor, dem Groß- und Einzelhandel sowie dem Baugewerbe teilnahmen. Die Befragung hatte zum...

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor insurance mechanisms....

Stadium boosters have long used the promise of economic development as a means of gaining public support to finance local sports teams. Past research has shown little or no impact on employment or income when viewed at the MSA level. This paper expands the current literature on the economic...

Im Juni 2014 führte das ifo Institut eine einmalige Sonderumfrage zu Löhnen, Beschäftigung und Finanzierung durch, an der mehr als 2 400 Unternehmen aus dem Verarbeitenden Gewerbe, dem Dienstleistungssektor, dem Groß- und Einzelhandel sowie dem Baugewerbe teilnahmen. Die Befragung hatte zum...