Die im Zuge des Bologna-Prozess eingeleitete Studienstrukturreform ist in Deutschland, so zeigen die statistischen Analysen, weit vorangeschritten: Bis Ende 2010 war der Großteil der Studiengänge (81,9 %) auf das neue System umgestellt. Mehr als die Hälfte der Studierenden (55,4 %) war im...

Using longitudinal data, John Hobcraft has examined how far childhood experience andparental factors are linked to a wide range of outcomes in adulthood. Specific attention wasgiven to childhood poverty, family disruption, and contact with the police.The four (of 12) most powerful and consistent...

It is difficult to disagree with Vernon Smith's (2010) assessment of thestate of the art in experimental economics. It is informed by the experienceof someone who was there, right at the beginning of experimental economics.Some of the problems he discusses, like the frequent failure of backward...

Entrepreneurs are often faced with problemsregarding start-up financing. But compared to noviceentrepreneurs, experienced entrepreneurs shouldhave both more knowledge and better contacts, whichshould potentially reduce the occurrence of problemsand affect finance composition. However, experience...

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...

Empirical research has shown that inexperienced fund managers yield significantly higherreturns than their more experienced colleagues. If the portfolios of inexperienced are not morerisky, this result would contradict the hypothesis of market efficiency. Therefore, it is animportant question...