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Measures of Complexity of Global Banks
Cetorelli, Nicola - 2014
Size and complexity are viewed as contributing to the too-big-to-fail status of financial institutions. Yet, there is … institutions. We show that standard measures of institution size are strongly related to total counts of affiliates in an …
Persistent link: https://www.econbiz.de/10013055804
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Estimating the Competitive Effects of Common Ownership
Gramlich, Jacob; Grundl, Serafin - 2017
If managers maximize the payoffs of their shareholders rather than firm profits, then it may be anticompetitive for a shareholder to own competing firms. This is because a manager?s objective function may place weight on profits of competitors who are held by the same shareholder. Recent...
Persistent link: https://www.econbiz.de/10014122254
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Price Differentiation in Segmented Waiting-Line Systems
Friedman, Hershey H.; Friedman, Linda Weiser - 2013
In a segmented waiting-line system, customers are segmented into two groups: those who are willing to wait for service and those who are willing to pay a premium to avoid a long wait. The use of waiting line segmentation has been shown to result in increased profit for the company or...
Persistent link: https://www.econbiz.de/10014037963
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Household Debt Overhang and Human Capital Investment
Manso, Gustavo; Rivera, Alejandro; Wang, Hui; Xia, Han - 2022
Unlike labor income, human capital is inseparable from individuals and does not accrue to creditors at default. As a consequence, human capital investment should be more resilient to “debt overhang” than labor supply. We develop a dynamic model displaying this important difference. We find...
Persistent link: https://www.econbiz.de/10013492585
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Ethics & Consciousness in Organizations : A Conceptual Hierarchical Model
Friedman, Hershey H.; Globerman, Kenneth - 2021
The authors posit that one should not take a binary approach to business ethics because there are gradations. They propose that firms may be classified according to the following metric: Level I: The Totally Unethical Organization; Level II: The Legalistic Unethical Organization; Level III: The...
Persistent link: https://www.econbiz.de/10014086713
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Wealth, tastes, and entrepreneurial choice
Hurst, Erik; Pugsley, Benjamin - 2015
The nonpecuniary benefits of managing a small business are a first order consideration for many nascent entrepreneurs, yet the preference for business ownership is mostly ignored in models of entrepreneurship and occupational choice. In this paper, we study a population with varying...
Persistent link: https://www.econbiz.de/10011348954
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Strategies, Uncertainty and Performance of Small Business Startups
Gelderen, Marco van; Frese, Michael; Thurik, Roy - 2012
Personal strategies of owners/founders of small business startups are related to performance and to environmental uncertainty. This is done using a longitudinal data set of some 50 Dutch startups. The results suggest a dynamic process between strategy and performance.A discrimination is made...
Persistent link: https://www.econbiz.de/10014092634
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Creditor Passivity: The Effects of Bank Competition and Institutions on the Strategic Use of Bankruptcy Filings
Hainz, Christa - 2007
intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank’s incentive …
Persistent link: https://www.econbiz.de/10010427508
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Creditor passivity : the effects of bank competition and institutions on the strategic use of bankruptcy filings
Hainz, Christa - 2007
intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank's incentive …
Persistent link: https://www.econbiz.de/10003951440
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Quality of institutions, credit markets and bankruptcy
Hainz, Christa - 2004 - August, 2004 - draft
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank … institutions must improve significantly in order to yield a stable equilibrium in which the optimal number of firms is liquidated …. However, in a particular range, improving institutions may even decrease the number of bad firms liquidated. …
Persistent link: https://www.econbiz.de/10010440454