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Using 2005 firm level data for 26 countries in eastern and Central Europe, this paper estimates performance gaps between male and female-owned businesses, while controlling for location by industry and country. The findings show that female entrepreneurs have a significantly smaller scale of...
Persistent link: https://www.econbiz.de/10009476945
the first chapter, by quantitatively evaluating the impact of different personal bankruptcy regimes on entrepreneurship in … a life-cycle model with occupational choices, I conclude that personal bankruptcy law affect entrepreneurship mainly …-bankruptcy punishments have the largest impact on entrepreneurship compared to variations in other dimensions of the bankruptcy regime. In …
Persistent link: https://www.econbiz.de/10009447241
This research addresses the measurement of organizational financial performance. Its primary purpose is to provide researchers and managers a better understanding of the implications of selecting the dependent variables that should be used in empirical studies and management practice where...
Persistent link: https://www.econbiz.de/10009459055
This thesis examines the pricing of volatility on organized U.S. options exchanges from October 31, 2005 through November 1, 2007. The research is motivated in part by the rapid growth of hedge funds that trade volatility and in part by the growing importance that the financial markets place on...
Persistent link: https://www.econbiz.de/10009440770
This dissertation consists of four essays on pricing fixed income derivatives and risk management. The first essay presents pricing and duration formulas for floating rate bonds and interest rate swaps with embedded options. It combines Briys et al.'s approximation with the extended Vasicek term...
Persistent link: https://www.econbiz.de/10009467763
banking houses. Invariably, the leaders derived additional benefits from the lending operations which did not accrue to the … profitability of these loans. A formal model based on informational asymmetries resulting from the segmentation of the banking …
Persistent link: https://www.econbiz.de/10009467834
A growing body of evidence has accumulated on the behavior of volatility for pricing data on a variety of different financial assets. Twenty-four-hour currency markets are a particularly useful vehicle for examining the relationship between information and asset volatility--in part because the...
Persistent link: https://www.econbiz.de/10009467840
industries. I use a model that links finance and investment, and a data set of 23 observations for 25 industries. The panel … estimation results suggest that internal and external finance are significant in determining investment, and that industries … prefer internal over external finance. …
Persistent link: https://www.econbiz.de/10009467905
This dissertation (consisting of two essays) analyzes the impact of policy measures used to control the risk-taking behavior of banks. Specifically, the first essay explores the impact of increasing the required minimum capital to asset ratios on the riskiness of banks' assets. The second essay...
Persistent link: https://www.econbiz.de/10009468031
Mexico liberalized its banking system in 1989 and 1990 and privatized it from mid-1991 to mid-1992. This study first … and financial liberalization. Next it examines the behavior of the banking sector and of the larger individual banks … financial liberalization theory is shown to make institutional assumptions about the real economy, and particularly about the …
Persistent link: https://www.econbiz.de/10009468198