This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households, financial corporations, and insurance companies and pension funds, establishing the following findings: Financial corporations have a strong tendency to chase past performance and...

This paper argues that differences in the dispersion of corporate ownership can help explain why party positions on corporate governance vary across countries and over time. Expectations that left/right conflicts should pitch capital against labor overlook that "capitalʺ is not a homogenous...

We decompose the change in banks' net interest margin into a change in market-wide bank rates and a change in the balance-sheet composition. Our empirical findings from a detailed data set on German banks' balance-sheet positions, broken down into different maturities, creditors and borrowers...

Das Institut für Mittelstandsforschung (IfM) Bonn hat im Auftrag der Gesellschaft für innovative Beschäftigungsförderung mbH G.I.B. die von der G.I.B. begleiteten Gründungen evaluiert. Rund 3.800 Gründungswillige haben in den Jahren 2004 bis 2007 an den G.I.B. Gründungs- und...