This paper discusses the different incentives of managers versus firm owners to invest in innovative activities. Economic theory proposes different incentives in owner-led firms and manager-controlled firms. In…
According to the prospect theory financial investors tend to sell winners too early and ride losers too long. Hence, financial investors are changing their positions more frequently in a bull market than in a…
This paper aims at providing business survey analysts with simple econometric tools to quantify qualitative survey data. We extend the traditional and commonly applied method proposed by Carlson and Parkin…
The paper presents an econometric evaluation of the effects of subsidised non-profit temporary employment agencies - a programme of the West German active labour market policy - on individual labour market…
In this documentation about the "Mannheimer Foundation Panels" of the ZEW the identification of firm foundations and liquidations as well as difficulties occurring in this context are discussed. The ZEW…