Showing 61 - 70 of 32,793
In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the … German households conducted in 2011. We find that subjective and factual knowledge, as well as the desire to be informed …, about the ECB foster citizens trust. Specific knowledge about the ECB is more influential than general monetary policy …
Persistent link: https://www.econbiz.de/10010482584
This research evaluates Minimal Economic Knowledge (MEK) in Germany - that is, basic knowledge of economic facts … gain an understanding of the level of Minimal Economic Knowledge in the German public. To fulfill this goal we conducted … for three kinds of knowledge within each domain - facts, concepts, and causal relationships. Our second study tested the …
Persistent link: https://www.econbiz.de/10009682074
This paper studies the optimal structure of the board with an emphasis on the expertise of directors. The analysis provides three main results. First, the expertise of a value-maximizing board can harm shareholder value. Second, it is optimal to design a board whose members are biased against...
Persistent link: https://www.econbiz.de/10013114586
participants show fairly good knowledge of the basic mechanics of the plan, but are unable to differentiate among various … investment options. Knowledge is particularly low among women, low income and low education employees. We also find some evidence … that personal contributions lead to more knowledge. These results support plan designs that have few investment options and …
Persistent link: https://www.econbiz.de/10013119182
Knowledge Intensive Business Services (KIBS) are intermediary firms which specialise in knowledge screening, assessment … perceived by many as the natural by-product of modern knowledge economies within which increasing specialisation induces the … need for professional agents in the markets for external knowledge. This paper addresses critically a conceptual flaw in …
Persistent link: https://www.econbiz.de/10013125905
The present paper proposes a new way of thinking regarding the relation between innovation and knowledge using a … Physics-borrowed model, trying to prove whether knowledge resources can "flow" (be percolated) in a network or a grid, in … order to be transformed in technological innovation. In the Knowledge Flow Percolation Model center, human beings are seen …
Persistent link: https://www.econbiz.de/10013074128
Hayek (1945) argues that local information is a key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther,...
Persistent link: https://www.econbiz.de/10012962956
We propose a methodology to measure knowledge of news about recent political events that combines a protocol for … identifying stories, a quiz to elicit knowledge, and the estimation of a model of individual knowledge that includes difficulty …
Persistent link: https://www.econbiz.de/10012835018
Using fourteen years of data on Dutch consumers' trust in financial institutions, we find that financially literate consumers are more likely to trust banks, insurance companies and pension funds, and the competence and integrity of the managers of these institutions. This holds both for...
Persistent link: https://www.econbiz.de/10012842448
-intensive changes occur rapidly with little warning. No one individual harbors sufficient knowledge to either mitigate negative outcomes … or capitalize on positive opportunities. Knowledge exchanges in these government agencies must transcend physical group …, as they comprise globally distributed individuals who must exchange time-sensitive knowledge to increase organizational …
Persistent link: https://www.econbiz.de/10012731009