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FIML estimation of a bivariate probit selection rule: an application on firm growth and subsidisation

Reize, Frank - 2001

firm. The empirical analysis is based on the ZEW Firm Start-up Panel using a cohort of firms founded in 15 labour market …

Persistent link: https://www.econbiz.de/10010297748

Evaluating the impact of public start-up assistance: results from an econometric approach

Almus, Matthias - 2001

This paper analyzes the medium-term growth performance of firms that exclusively received start-up assistance from programs administered by the Deutsche Ausgleichsbank (DtA), a state owned bank, within two years after startup. I apply a parametric selection approach that controls for two...

Persistent link: https://www.econbiz.de/10010297759

The Impact of Venture Capital on Firm Growth: An Empirical Investigation

Engel, Dirk - 2002

The financial and non-financial involvement of venture capitalists is supposed to be positively correlated with firm performance. This paper deals with the evaluation of the impact of venture capitalists on employment growth of new founded firms. Differences between high-tech and low-tech...

Persistent link: https://www.econbiz.de/10010298119

IPOs cycle and investment in high-tech industries

Bouis, Romain - 2003

This paper analyses the effects of the Initial Public Offering (IPO) market on real investment decisions in emerging … is high, that is after stock market run-ups. Because initial returns increase with the demand from optimistic investors … investing in the industry gives agents an option to sell the project on the stock market at an overvalued price enabling then …

Persistent link: https://www.econbiz.de/10010298253

Investments and the holdup problem in a matching market

Bester, Helmut - 2009

This paper studies investment incentives in the steady state of a dynamic bilateral matching market. Because of search …. The associated holdup problem depends on market conditions and is more important for the long side of the market. In the … underinvestment on both sides of the market. But when market frictions become negligible, the equilibrium investment levels tend …

Persistent link: https://www.econbiz.de/10010299160

A tale of two debt crises: a stochastic optimal control analysis

Stein, Jerome L. - 2009

Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...

Persistent link: https://www.econbiz.de/10010299187

Business Start-ups by the Unemployed - an Econometric Analysis Based on Firm Data

Pfeiffer, Friedhelm; Reize, Frank - 1998

This study investigates firm survival and employment growth of start-ups by unemployed people in East and West Germany as promoted by the Work Support Act (so called bridging allowances). In 1994, the services provided were improved considerably, which led to a sharp increase in the number of...

Persistent link: https://www.econbiz.de/10010299592

A tale of two debt crises: a stochastic optimal control analysis

Stein, Jerome L. - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-3, pp. 1-24

Creditors, banks and bank regulators should evaluate whether a borrower is likely to default. I apply several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset...

Persistent link: https://www.econbiz.de/10010299829

Wages and productivity growth in a dynamic oligopoly

Bester, Helmut; Milliou, Chrysovalantou; Petrakis, Emmanuel - 2009

market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate … characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. …

Persistent link: https://www.econbiz.de/10010300018

Multinational firms: Easy come, easy go?

Haaland, Jan Ingvald Meidell; Wooton, Ian - 2001

Although many countries welcome inward investments by multinational firms (MNEs), it is often perceived that MNEs readily close down production in bad times. We study the choice of an MNE in deciding whether to establish a branch plant within a region, explicitly taking into account exit, as...

Persistent link: https://www.econbiz.de/10010300167