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Entrepreneurship and process studies

Process studies put movement, change and flow first; to study processually is to consider the world as restless, something underway, becoming and perishing, without end. To understand firms processually is to accept but also – and this is harder perhaps – to absorb this fluidity, to treat a variable as just that, a variable. The resonance with entrepreneurship studies is obvious. If...

English / 01/01/2015

Privacy Paradox Revised: Pre-Existing Attitudes, Psychological Ownership, and Actual Disclosure

Prior research has pointed to discrepancies between users' privacy concerns and disclosure behaviors, denoted as the privacy paradox, and repeatedly highlighted the importance to find explanations for this dichotomy. In this regard, three approaches have been proposed by prior literature: (1) use of actual disclosure behavior rather than behavioral intentions, (2) systematic...

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English / 15/12/2014

Granting Birthright Citizenship - A Door Opener to Educational Particiation and Success?

Does birthright citizenship boost immigrant children's participation
and success in the host country's educational system? We address this
question using a reform of the German naturalization law in 1999 that
entitled children born after January 1, 2000 to birthright citizenship.
We use a difference-in-difference design that compares children born...

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English / 11/12/2014

The euroization of bank deposits in Eastern Europe

In Central, Eastern and Southeastern Europe a substantial share of bank deposits
are denominated in foreign currency. Deposit euroization poses key challenges for
monetary policy and financial sector supervision. On the one hand, it limits the effectiveness of monetary policy interventions. On the other hand, it increases financial sector fragility by exposing banks to...

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English / 03/12/2014

Why Corporate Functions Stumble

A survey of 761 of the largest corporations in North America and Europe showed that the number of corporate functions had increased at about a third from 2007 to 2010. Leaders at three out of four companies believed that their functions' influence had grown. At the same time, complaints about the performance of those functions were increasing. The authors combined their survey...

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English / 01/12/2014

Public Value: rethinking value creation

Managers might refute public criticism of their business as an attitude of taking everything for granted in a saturated society, but ignoring Public Value aspects can threaten the success of new products and even the survival of entire firms.

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English / 01/12/2014

Understanding the cost of capital of logistics service providers: an empirical investigation of multiple contingency variables

The article analyzes the influence of company-, industry- and market-related variables on the cost of capital of logistics service providers, as well as on their systematic risk. Financial information has become more and more important in strategic decision making (especially in the international context); in addition of being a measure of performance, the cost of capital is an...

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English / 11/11/2014

The Global Trade Disorder. The 16th GTA Report

Based on a massive data collection effort since the St. Petersburg G20 summit last September, in which a further 2,001 trade-related state initiatives have been documented, this report demonstrates that the resort to protectionism has been substantially higher than previously thought.

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English / 01/11/2014

Trusted Advisors in a Family Business's Succession-Planning Process - An Agency Perspective

Family business succession is a complex and challenging process, in which family members often build on the support of trusted advisors who can be seen as the most relied external source of advice and knowledge that family businesses draw on. Based on an extensive literature review, this article aims to synthesize prior research on both advisors and succession to systematically...

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English / 30/10/2014

Can't Buy Mommy's Love? Universal Childcare and Children's Long-Term Cognitive Development

What happens to children's long-run cognitive development when introducing universal high-quality childcare for 3-year-olds mainly crowds out family care? To answer this question, we take advantage of a sizeable expansion of publicly subsidized full-time high-quality childcare for 3-year-olds in Spain in the early 1990s. Identification relies on variation in the initial speed of...

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English / 29/10/2014

When Does Time Matter? Maternal Employment, Children's Time With Parents, and Child Development

This study tests the two assumptions underlying popularly held notions that
maternal employment negatively affects children because it reduces time spent with parents: (1) that maternal employment reduces children's time with parents, and (2) that time with parents affects child outcomes. We analyze children's time-diary data from the Child Development Supplement of...

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English / 29/10/2014

Bank Funding, Securitization, and Loan Terms: Evidence from Foreign Currency Lending

We examine how bank funding structure and securitization activities affect the currency denomination of business loans. We analyze a unique data set that includes information on the requested and granted loan currency for 99,490 loans granted to 57,464 firms by a Bulgarian bank. Our findings document that foreign currency lending is at least partially driven by bank eagerness to...

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English / 01/10/2014

After-School Care and Children's Cognitive and Non-Cognitive Skills

What is the impact of after-school center-based care on the development of primary school-aged children? Answering this question is challenging due to non-random selection of children into after-school center-based care. We tackle this challenge using detailed data of the German Child Panel and employing a value-added method. While we do not find significant effects on average, our...

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English / 01/10/2014

Non-Interest Income and Bank Performance

The optimum scope of bank activities is central to many proposals for banking system reform. For example, a core component of the Dodd-Frank Act (2010) and regulatory proposals in the UK and the EU has been the concept of “ring-fencing” – i.e., restricting banks’ activities to their core retail and wholesale financial intermediation functions. It is argued that limiting the scope of...

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English / 01/10/2014

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