In advanced economies, state-owned enterprises play an important role in sectors of general interest such as energy and water supply. The conditions under which they operate have changed fundamentally since 1998, with new strategies required for ...
A common finding in the entrepreneurship literature is that business creation increases in recessions. This counter-cyclical pattern is examined by separating business creation into two components: “opportunity” and “necessity” entrepreneurship. ...
Aufbauend auf der Klassifikation vom dezentralen und zentralen Banking untersucht dieser Beitrag die Diversität in der Unternehmenskreditvergabe des Vereinigten Königreichs. Anhand von Experteninterviews und Literaturrecherche wurde die Distanz in ..
When unemployed persons start businesses, they are often characterized as necessity entrepreneurs because push motives, namely their unemployment, likely prompted their decision. Based on a panel data set of more than 2600 start-ups by unemployed ...
This study investigates the payout policy of state-owned municipal firms. Based on insights from agency theory we derive an empirically testable model based on Lintner's corporate dividend policy model accounting for the characteristics of state ...
Workshop organization: Hans-Helmut Kotz (SAFE, Harvard) and Dorothea Schäfer (DIW Berlin) in cooperation with Horst Gischer, head of Forschungszentrums für Sparkassenentwicklung e.V. at the University of Magdeburg. The workshop is ...
Small entrepreneurs in developing countries have considerable shortcomings in their financial behavior which hinder their advancement. Thus interventions have been conducted in order to improve financial education and, in the end, financial behavior. ...
Private businesses’ nominal value added in Greece has fallen by 38 percent over the last ten years. Micro firms were hit particularly hard. Despite efforts to stabilize the macroeconomic environment, there are only weak signs of recovery. ...
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