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Refereed essays 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
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Refereed essays 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
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Refereed essays Web of Science
Findings from many behavioral genetic studies utilizing the classical twin design suggest that genetic and non-shared environmental effects play a significant role in human personality traits. This study focuses on the methodological advantages of extending the sampling frame to include multiple dyads of relatives. We investigated the sensitivity of heritability estimates to the inclusion of sibling ...
In:
Behavior Genetics
42 (2012), 2, S. 221-233
| Elisabeth Hahn, Frank M. Spinath, Thomas Siedler, Gert G. Wagner, Jürgen Schupp, Christian Kandler
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Refereed essays 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
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Refereed essays 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
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Refereed essays 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
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Refereed essays 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
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Refereed essays Web of Science
We conduct a cross-national econometric analysis of intra-family location and caregiving patterns. Using European data, we first assess, from an international perspective, the relationship between family structure and the geographic proximity between adult children and their parents. We then examine whether differences in family structure are related to the amount of informal care adult children provide ...
In:
Population and Development Review
38 (2012), 2, S. 337-351
| Helmut Rainer, Thomas Siedler
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Refereed essays Web of Science
This article studies repeat or circular migration between the host and home countries using panel data for Germany, distinguishing between factors generating single moves, circular migration, and absorption. Migrants are more likely to leave early after their first arrival in Germany, and when they have social and familial bonds in the home country, but less likely when they have a job in Germany and ...
In:
International Migration Review
46 (2012), 2, S. 362-388
| Amelie Constant, Klaus F. Zimmermann
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Refereed essays Web of Science
If trade unions provide only their members with insurance against income variations, as a private good, this insurance will provide a stronger incentive for more risk-averse employees to become union members. Using data from the German Socio-Economic Panel (SOEP) and various direct measures of individual risk attitudes, we find robust evidence of a positive relationship between risk aversion and the ...
In:
The Scandinavian Journal of Economics
114 (2012), 2, S. 275-295
| Laszlo Goerke, Markus Pannenberg