infonet-economy

This paper explores semi-monotonicity constraints in the distribution of potential outcomes, first, conditional on an instrument, and second, in terms of the response function. The imposed assumptions are strictly weaker than traditional instrumental variables assumptions and can be gainfully employed to bound the counterfactual distributions, even though point identification is only...

This paper analyses the impact of increasing the share of apprentices at the cost of the share of unskilled or semi-skilled employees on establishment performance. We use representative matched employer–employee panel data and correct for estimation biases. We show that an increase of the apprentice share in trade, commercial, craft or construction occupations has a positive impact...

Survey and option data are used to take a fresh look at the equity premium puzzle. Survey data on equity returns (Livingston survey) shows much lower expected excess returns than ex post data. At the same time, option data suggests that investors tend to overestimate the volatility of equity returns. Both facts contribute towards solving the puzzle. However, data on beliefs about...

Das Konzept der sozialen und ökologischen Verantwortungsübernahme von Unternehmen - auf Neudeutsch: "Corporate Social Responsibility (CSR)" - hat sich in den vergangenen Jahren fest etabliert im Kanon der Managementkonzepte. Unternehmen legen sich CSR-Abteilungen zu, verfassen Nachhaltigkeitsberichte und unterwerfen sich sozialen und ökologischen Standards. Warum aber tun...

Les étapes du développement d'une entreprise s'accompagnent d'une nécessité d'accommodation aux changements de l'environnement: on parle alors d'adaptabilité de l'entreprise. Quels événements et quels changements sont susceptibles de déclencher des mesures d'adaptation? Comment une petite entreprise peut-elle anticiper de tels événements?