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Reducing Asymmetric Information in Venture Capital Backed IPOs

Escobari, Diego; Serrano, Alejandro - 2015

Purpose – The purpose of this paper is to model asymmetric information and study the profitability of venture capital (VC) backed initial public offerings (IPOs). Our mixtures approach endogenously separates IPOs into differentiated groups based on their returns’ determinants. We also...

Persistent link: https://www.econbiz.de/10011390741

The Labor Market in Azerbaijan

Rahmanov, Ramiz; Qasimov, Asif; Tahirova, Gulzar - 2016

This paper analyzes the development of the labor market in Azerbaijan from the early 1990s until the early 2010s. The analysis shows that the labor market has a range of positive characteristics such as high labor force participation and employment, low youth and female unemployment,...

Persistent link: https://www.econbiz.de/10011497561

Do plants freeze upon uncertainty shocks?

Mecikovsky, Ariel; Meier, Matthias - 2014

Following the real option literature, whether or not uncertainty shocks drive business cycles depends on the degree of adjustment frictions. The more plants freeze and remain inactive in response to increased uncertainty, the stronger the adverse effects on the economic activity. Using quarterly...

Persistent link: https://www.econbiz.de/10010397053

Die Modellierung adjustierter Suchdauern als Indikator für die Fachkräftesituation im Beruf

Maier, Tobias; Steeg, Stefanie; Zika, Gerd - 2020

Zur Identifikation beruflicher Passungsprobleme auf dem Arbeitsmarkt bedarf es eines Indikators, welcher unter Berücksichtigung möglicher Anpassungsprozesse beider Marktseiten einfach zu interpretieren ist. Mit dieser Studie wird die Eignung von betrieblichen Suchdauern bei...

Persistent link: https://www.econbiz.de/10012581577

Towards the Reversal of Poverty and Income Inequality Setbacks Due to COVID-19: The Role of Globalisation and Resource Allocation

Ofori, Isaac Kwesi; Armah, Mark Kojo; Asmah, Emmanuel E. - 2021

and income inequality, is hard to find. Motivated by the bleak outlook of the Middle East and North Africa (MENA) region … analyse the poverty and income inequality effects of globalisation and resource allocation in the region. Using data from the … that: (1) while economic globalisation reduces both poverty and income inequality, social globalisation matters only for …

Persistent link: https://www.econbiz.de/10012582729

Friends and Foes at Work: Assigning Teams in a Social Network

Daske, Thomas - 2017

In many firms, production requires the division of staff into teams. If only team performance is observable, moral hazard in teams is inevitable. This variant of moral hazard can be overcome or exacerbated by the interpersonal relationships among team members. I investigate how the division of...

Persistent link: https://www.econbiz.de/10011770675

Externality Assessments, Welfare Judgments, and Mechanism Design

Daske, Thomas - 2017

How agents assess the (in-)tangible externalities that others might impose on them can strongly influence strategic interaction. This study explores mechanism design for agents whose externality assessments and private payoffs, exclusive of externalities, are all subject to asymmetric...

Persistent link: https://www.econbiz.de/10011770677

The Performance of Core-Selecting Auctions: An Experiment

Heczko, Alexander; Kittsteiner, Thomas; Ott, Marion - 2018

Combinatorial auctions, in particular core-selecting auctions, have increasingly attracted the attention of academics and practitioners. We experimentally analyze core-selecting auctions under incomplete information and find that they perform better than the Vickrey auction. The proportions of...

Persistent link: https://www.econbiz.de/10011815479

My Wage is Unfair! Just a Feeling or Comparison with Peers?

Schneck, Stefan - 2013

This paper descriptively analyzes the nexus between income comparisons and perceptions of unfair pay. A German household survey reveals that individuals who perceive their wages as unfair earn significantly lower wages than fairly paid individuals with similar characteristics. This suggests that...

Persistent link: https://www.econbiz.de/10010322381

Back to the Future - Changing Job Profiles in the Digital Age

Stephany, Fabian; Lorenz, Hanno - 2019

The uniqueness of human labour is at question in times of smart technologies. The 250 years-old discussion on technological unemployment reawakens. Frey and Osborne (2013) estimate that half of US employment will be automated by algorithms within the next 20 years. Other follow-up studies...

Persistent link: https://www.econbiz.de/10012053689