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Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003888739
Persistent link: https://www.econbiz.de/10003471270
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003670939
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003922530
This article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of …
Persistent link: https://www.econbiz.de/10011317318
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 …
Persistent link: https://www.econbiz.de/10009411257
This paper provides the first evidence on gender differences in investment financing, credit application and credit … internal capital in investment financing is higher and the share of external funds is lower than for male-owned firms. An …
Persistent link: https://www.econbiz.de/10009411260
Persistent link: https://www.econbiz.de/10011523517
Persistent link: https://www.econbiz.de/10011523956
the aggregate shocks and the interaction between these shocks and the casual effects. We show that returns to investment …
Persistent link: https://www.econbiz.de/10011516845