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Persistent link: https://www.econbiz.de/10013459502
A key question in credit markets is how to disclose borrowers’ private information. Typically, banks offer incentive compatible contracts (with collateral) to induce borrowers to disclose their private information. However, if men and women systematically differ in their risk taking behavior,...
Persistent link: https://www.econbiz.de/10010773017
A major characteristic of financial markets is information asymmetry. To combat its problems principals can use screening. That is, they can offer the clients a menu of contracts and infer their risk level from their choices. If the pattern of choices that clients with different risk level make...
Persistent link: https://www.econbiz.de/10008922991
The current collapse of credit markets has left small and medium enterprises (SMEs) facing severe credit rationing. The practice of screening borrowers by risk level has become a paramount consideration for both lenders and firms. This paper represents the first empirical test of the screening...
Persistent link: https://www.econbiz.de/10008922992
Statistical information is crucial for managerial decision making. The decision-making literature in psychology and mathematical cognition documents how different statistical formats can facilitate certain types of decisions. The present analysis is the first of its kind to assess the impact of...
Persistent link: https://www.econbiz.de/10011050025
Statistical information is crucial for managerial decision making. The decision-making literature in psychology and mathematical cognition documents how different statistical formats can facilitate certain types of decisions. The present analysis is the first of its kind to assess the impact of...
Persistent link: https://www.econbiz.de/10010700343
Purpose – The current credit rationing strongly influences the viability of SMEs innovation projects. In this context, the practice of screening borrowers by project success probability has become a paramount consideration for both lenders and firms. The aim of this paper is to test the...
Persistent link: https://www.econbiz.de/10014935038
This research focuses on crowdfunding project features and its relation with the success of this project. The main purpose is to improve probability of success of crowdfunding projects. One can argue that "more is always better" resulting in attempts of daily updates. Contrarily, backers may be...
Persistent link: https://www.econbiz.de/10012621473
The regional innovation system (RIS) is a popular way of explaining a region's development and competitiveness based on innovation activities and processes. In this paper, bibliometric techniques are used to analyze all RIS studies indexed in the Web of Science Core Collection (WoS CC) database...
Persistent link: https://www.econbiz.de/10012621482
Persistent link: https://www.econbiz.de/10011399648