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This study examines the consequences of loan denials for the investment performance of small and medium-sized German … enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …
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Many entrepreneurs who close a business are actually willing to venture anew. However, to realize a restart is not only a matter of willingness on the part of the entrepreneur but also of its feasibility. Regarding the feasibility of a restart, the aspect of capital acquisition might be...
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The belief that home ownership makes people happy is probably one of the most widespread intuitive theories of happiness. However, whether it is accurate is an open question. Based on individual panel data, we explore whether home buyers systematically overestimate the life satisfaction...
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