We examine racial and gender differences in the intention to start a business and steps taken along the path to starting a business. Blacks and Hispanics are more likely to consider starting businesses; however, conditional on doing so, they are much less likely to launch the business. Black,...

Firms, in most cases, cannot be described adequately as if they were an individual person. And yet, they learn, anticipate, decide, and adapt in order to survive in an uncertain environment. To deal with such aspects of a firm, the theory of the anticipatory system is developed and applied to...

What drives investors’ sensitivity to sustainable investment fees? We conduct a large-scale online experiment with samples of individual investors in five European countries. We explore two main channels for investors' sensitivities to fees. First, investors might be willing to pay higher fees...

We examine a crowdfunding platform that connects artists with funders. Although the internet reduces many distance-related frictions, local and distant funders exhibit different funding patterns. Local funders appear less responsive to information about the cumulative funds raised by an artist....

We investigate the effect of part time and full time work on health using a Markov framework and generalized linear models to smooth the resulting crude rates. The Chapman-Kolmogorov equations are used for a general solution. We apply this model to assess a partial early retirement incentive in...

This paper analyzes the impact of the financial crisis on the probability of default (PD) for a large Dutch mortgage portfolio covering a period from 2001 until 2012. A statistical model has been developed, which determines the likelihood that a healthy mortgage customer defaults within 12...

Central banks can operate with negative equity, and many have done so in history without undermining trust in fiat money. However, there are limits. How negative can central bank equity be before fiat money loses credibility? We address this question using a global games approach motivated by...

We study the effect of the reduction in the VAT rate on hairdresser services from 17.5 to 6% in the Netherlands in January 2000. Following Kosonen (J Public Econ 131:87–100, 2015), we use differences-in-differences to estimate the effects of this reform, with beauty salons as the main control...

This article aims to examine the challenges faced by sports startups in achieving long-term success and to provide recommendations for overcoming these challenges. The study recognizes that in order for a small or medium-sized sports business to achieve sustainability, it must do more than just...