This study examines the effect of a one-on-one outsourced pre-lending consulting service on the repayment behavior of microcredit borrowers in Korea with administrative data from the Smile Microcredit Bank. A random change in the cut-off loan amount for mandatory consulting is utilized as an...

This paper points up the methodological inadequacy of the "student evaluation of teaching" as a research program. We do this by reference to three, interrelated arguments. The first is that the student evaluation of teaching cannot claim to capture the wisdom of a crowd because, as a research...

Development banks are facing changing market conditions with low interest rates, rapid technological change, and an increased interest in impact investment. This combination of factors challenges traditional processes and business models, but also provides a chance to develop new and sustained...

We investigate whether nonprofit and for-profit entrepreneurs share similar observable and unobservable skills. In JLE 23:649-680, 2005 "Jacks-of-all-Trades" model of entrepreneurship, individuals with more diverse academic and occupational training are more likely to become entrepreneurs, while...

In this paper, we analyze the prospective method of paying hospitals when the within-DRG variance is high. To avoid patients dumping, an outlier payment system is implemented. In the APDRG Swiss System, it consists in a mixture of fully prospective payments for low costs patients and partially...

Mit Argumenten aus der "Theorie des Marktversagens" und der "Neuen Politischen Ökonomie" kann gezeigt werden, daß Universitäten und Forschungsinstitute spezielle "Öffentliche Güter" produzieren, die eine Grundfinanzierung durch den Staat unter Effizienzgesichtspunkten rechtfertigen....

The aim of this research is to analyze the relationship between formal and informal institutions with transaction costs (bargaining and monitoring) of coffee growers in the State of Mexico. For this purpose, a measurement instrument was constructed based on a literature review and the...

Microfinance Institutions (MFIs) were introduced to reach a large number of active poor people who are excluded from the formal financial institutions due to rigorous collateral requirements. As an instrument of MFIs, Microfinance was introduced to address the financial need of the active poor...

This study analyzes the effect of ownership concentration and ownership identity on the probability of seasoned equity offerings (SEOs) in the German stock market. In Germany, equity issues require shareholder approval by a supermajority vote of 75% at shareholder meetings. This study...