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A central insight in economic sociology is that firms depend on relationships with other organizations for their access to capital, information, and other resources. Such interactions among firms tend to develop into stable networks of social and economic exchange that stratify firms in an...
Persistent link: https://www.econbiz.de/10009476976
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
. From the course home page: Course Description A new form of entrepreneurship is developing. Instead of focusing just on one … Entrepreneurship Center and all future generations of MIT students. …
Persistent link: https://www.econbiz.de/10009432540
entrepreneurship and technical and business innovations. Finally, weexplore in more depth review the role that ethnic diaspora play in … encouragingentrepreneurship in developing nations, as well as within the global heart of Internetinnovation and entrepreneurship itself, Silicon …
Persistent link: https://www.econbiz.de/10009432838
. From course home page: A new form of entrepreneurship is developing. Instead of focusing just on one country, today … global startups look for advice and help. This is an important goal for you, the MIT Entrepreneurship Center and all future …
Persistent link: https://www.econbiz.de/10009433232
I investigate: (i) Agency problems between debt and equity holders, and their impact on capital structure and investment policy; (ii) Agency problems between firm managers and capital providers.The first chapter, "Investment and Financing under Reverse Asset Substitution", shows that banks place...
Persistent link: https://www.econbiz.de/10009439248
This paper discusses the relationship between premia for macroeconomic risk in banking, aggregate behavior, and banking crises. We consider a competitive banking system embedded in an overlapping generation model subject to repeated macroeconomic shocks. We highlight how risk premia decline when...
Persistent link: https://www.econbiz.de/10009452465
This paper studies the question to what extent premia for macroeconomic risks in banking are sufficient to avoid banking crises. We investigate a competitive banking system embedded in an overlapping generation model subject to repeated macroeconomic shocks. We show that even if banks fully...
Persistent link: https://www.econbiz.de/10009452467
We explore the impact of sophistication in risk management as required by Basel II on banking stability and market conditions. We compare a competitive banking system in which only average ratings are available with a competitive system in which banks are able to assess the default risk of...
Persistent link: https://www.econbiz.de/10009452515
We investigate the question of whether sophistication in risk management fosters banking stability. We compare a simple banking system in which an average rating is used with a sophisticated banking system in which banks are able to assess the default risk of entrepreneurs individually. Both...
Persistent link: https://www.econbiz.de/10009452517