-
Referierte Aufsätze Web of Science
We examine firms' motivation to change their main bank and how this switch affects loans, interest payments, and firm performance. Applying treatment effect analysis to unique firm-bank matched Ukrainian data, we find that larger and more highly leveraged companies are more likely to switch their main bank. Importantly, firms tend to switch to a new main bank that holds a higher share of equity in ...
In:
Emerging Markets, Finance & Trade
48 (2012), 2, S. 76-93
| Andreas Stephan, Andriy Tsapin, Oleksandr Talavera
-
Referierte Aufsätze Web of Science
The worldwide telecommunications equipment industry has experienced an enormous number of mergers and acquisitions (M&A). This article examines the innovation determinants of M&A activity and the consequences of M&A on technological potential and innovation performance. We extend the resource-based theory in elucidating external technology sourcing and provide empirical evidence on the keen reliance ...
In:
Industrial and Corporate Change
21 (2012), 2, S. 277-314
| Tseveen Gantumur, Andreas Stephan
-
Referierte Aufsätze Web of Science
Using data from a survey of 160 urban borrowing groups of the Microfund for Women in Jordan, we investigate the effect of screening, peer monitoring, group pressure, and social ties on borrowing groups' repayment behavior as an indirect test of different theoretical models. The dependent variable used captures the intensity of default measured by the total number of days of late repayment after each ...
In:
Journal of Development Economics
97 (2012), 2, S. 404-414
| Moh'd Al-Azzam, R. Carter Hill, Sudipta Sarangi
-
Referierte Aufsätze Web of Science
This study focuses on gender-specific determinants of remittances in Germany. The conceptual approach considers gender roles and naturalization to be crucial in the immigrant's decision to remit. For the empirical investigation, the authors use data from the German Socio-Economic Panel (SOEP) study for the years 2001-6. The findings show, first, that individual income differences in the country of ...
In:
Feminist Economics
18 (2012), 2, S. 201-229
| Elke Holst, Andrea Schäfer, Mechthild Schrooten
-
Referierte Aufsätze Web of Science
We use a series of field experiments in rural Burundi to examine the impact of exposure to conflict on social, risk, and time preferences. We find that conflict affects behavior: individuals exposed to violence display more altruistic behavior towards their neighbors, are more risk-seeking, and have higher discount rates. Large adverse shocks can thus alter savings and investments decisions, and potentially ...
In:
The American Economic Review
102 (2012), 2, S. 941-964
| Maarten J. Voors, Eleonora E. M. Nillesen, Philip Verwimp, Erwin H. Bulte, Robert Lensink, Daan P. van Soest
-
Referierte Aufsätze Web of Science
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and buyers, as well as needing to ...
In:
Journal of Economic Psychology
33 (2012), 2, S. 394-409
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
-
Referierte Aufsätze Web of Science
Efficiency measurement in public transport requires an adequate account of unobserved network characteristics that are typically modelled as factors separable from the production process. This paper proposes a panel data model that allows for non-separable firm-specific heterogeneity in an input distance function. The proposed model is applied to a sample of German and Swiss urban transit companies ...
In:
Journal of Transport Economics and Policy
46 (2012), 1, S. 51-66
| Astrid Cullmann, Mehdi Farsi, Massimo Filippini
-
Referierte Aufsätze Web of Science
In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight rates, covering the period December 2001 until August 2009 at weekly frequency. We then test whether the ...
In:
Energy Economics
34 (2012), 1, S. 105-116
| Aleksandar Zaklan, Astrid Cullmann, Anne Neumann, Christian von Hirschhausen
-
Referierte Aufsätze Web of Science
This paper assesses the relative efficiency of knowledge production in the OECD using a nonparametric DEA approach. In general, resources allocated to R&D are limited and therefore must be used efficiently, given the institutional and legal constraints. The efficiency scores presented are based on an intertemporal frontier estimation for the period 1995 to 2004. We analyse the impact of the regulatory ...
In:
Oxford Economic Papers
64 (2012), 1, S. 176-196
| Astrid Cullmann, Jens Schmidt-Ehmcke, Petra Zloczysti
-
Referierte Aufsätze Web of Science
In trying to capture complete within-household heterogeneity, household panel surveys typically try to interview all adult household members. Following from this, such surveys tend to suffer from partial unit nonresponse (PUNR), that is, the nonresponse of at least one member of an otherwise participating household, most likely yielding an underestimation of aggregate household income. Using data from ...
In:
Sociological Methods & Research
41 (2012), 1, S. 89-123
| Joachim R. Frick, Markus M. Grabka, Olaf Groh-Samberg