Showing 1 - 10 of 534
Verbraucherpolitik kann durch die Bereitstellung glaubwürdiger Informationen den Schutz der Verbraucher vor eigennützigem Verhalten der Unternehmen verbessern, durch den Abbau von Markteintrittsbarrieren die Funktionsfähigkeit des Wettbewerbs sichern und die Etablierung von Innovationen am...
Persistent link: https://www.econbiz.de/10011601736
We analyze the role of intermediaries in electronic markets using detailed data of more than 14,000 originated loans on an electronic P2P (peer-to-peer) lending platform. In such an electronic credit market, lenders bid to supply a private loan. Screening of potential borrowers and the...
Persistent link: https://www.econbiz.de/10010421336
This paper examines the impact of the Sarbanes-Oxley Act (SOX), a legal framework intended to increase transparency and accountability of listed companies, on the cost of going public in the US. We expect SOX to increase the direct cost of going public, but decrease the underpricing because of...
Persistent link: https://www.econbiz.de/10010421362
We generalize the canonical problem of Nash implementation by allowing agents to voluntarily provide discriminatory signals, i.e. evidence. Evidence can either take the form of hard information or, more generally, have differential but non-prohibitive costs in different states. In such...
Persistent link: https://www.econbiz.de/10011599464
signaling theory, a research taxonomy has been developed for a comparative analysis between China and the UK. This has been … does in China. Project comments are more positively associated with project success in China as compared to the UK, whereas … project updates are more negatively related to project success in China as compared to the UK. These findings demonstrate the …
Persistent link: https://www.econbiz.de/10012611552
We study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and news-driven business cycles. For German data on TFP and stock prices we find qualitatively similar empirical evidence. Quantitatively, however, an impulse response analysis suggests that a substantial part of...
Persistent link: https://www.econbiz.de/10010295308
The authors study a simple model of an asset market with informed and non-informed agents. In the absence of non-informed agents, the market becomes information efficient when the number of traders with different private information is large enough. Upon introducing non-informed agents, the...
Persistent link: https://www.econbiz.de/10010300734
Ein effektiver Zugang zu neuem Wissen im Ausland ist heute für fast alle Volkswirtschaften wichtiger als dessen eigene Erzeugung. Die wenigstens Länder berücksichtigen jedoch, daß sich fortgeschrittenes Wissen nicht wie andere ökonomische Güter handeln läßt - schon gar nicht auf...
Persistent link: https://www.econbiz.de/10010302202
Persistent link: https://www.econbiz.de/10010327906
Der Wettbewerb unter Kreditauskunfteien in Deutschland hat sich in den vergangenen Jahren stark intensiviert. Auskunfteien sammeln persönliche Daten über Verbraucher, die von Kreditinstituten, Leasing- und Telekommunikationsunternehmen, aber auch von Handelsfirmen sowie Energieversorgern...
Persistent link: https://www.econbiz.de/10011601825