Auflistung LIF-SAFE Working Papers nach Titel

Anzeige der Dokumente 275-294 von 334

    • The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence 

      Bauer, Kevin; Pfeuffer, Nicolas; Abdel-Karim, Benjamin M.; Hinz, Oliver; Kosfeld, Michael (2020-12-09)
      Using a novel theoretical framework and data from a comprehensive field study we conducted over a period of three years, we outline the causal effects of algorithmic discrimination on economic efficiency and social welfare ...

    • The Effect of Personal Financing Disruptions on Entrepreneurship 

      Hanspal, Tobin (2018-10-14)
      This paper studies how disruptions to personal sources of financing, aside from commercial lending supply shocks, impair the survival and growth of small businesses. Entrepreneurs holding deposit accounts at retail banking ...

    • The Effects of a Low Interest Rate Environment on Life Insurers 

      Berdin, Elia; Gründl, Helmut (2015-01-01)
      Low interest rates are becoming a threat to the stability of the life insurance industry, especially in countries such as Germany, where products with relatively high guaranteed returns sold in the past still represent a ...

    • The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II 

      Niedrig, Tobias; Gründl, Helmut (2015-02-01)
      The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance financial stability in the banking industry. Especially life insurance companies could serve as CoCo bond holders as they ...

    • The Financing Dynamics of Newly Founded Firms 

      Hirsch, Julia; Walz, Uwe (2016-11-01)
      Little evidence exists on the financing decisions of newly founded firms or on the financing dynamics of these firms over their life cycle. We aim to help filling this gap by investigating the financing dynamics of 2,456 ...

    • The FOMC Risk Shift 

      Kroencke, Tim-Alexander; Schmeling, Maik; Schrimpf, Andreas (2021-01-27)
      We identify a component of monetary policy news that is extracted from high-frequency changes in risky asset prices. These surprises, which we call “risk shifts”, are uncorrelated, and therefore complementary, to risk-free ...

    • The Forward-looking Disclosures of Corporate Managers: Theory and Evidence 

      Gropp, Reint E.; Karapandza, Rasa; Opferkuch, Julian (2016-07-15)
      We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making ...

    • The Geography of Alternative Work 

      Bäckman, Claes; Hanspal, Tobin (2018-04-27)
      The increase in alternative working arrangements has sparked a debate over the positive impact of increased flexibility against the negative impact of decreased financial security. We study the prevalence and determinants ...

    • The geography of banks in the United States (1990-2020) 

      Angeloni, Ignazio; Kasinger, Johannes; Chantawit, Tantsaith (2021-09-20)
      We present new statistical indicators of the structure and performance of US banks from 1990 to today, geographically disaggregated at the level of individual counties. The constructed data set (20 indicators for some 3150 ...

    • The Impact of Biases in Survival Beliefs on Savings Behavior 

      Groneck, Max; Ludwig, Alexander; Zimper, Alexander (2017-03-24)
      "On average young people ""undersave"" whereas old people ""oversave"" with respect to the rational expectations model of life-cycle consumption and savings. According to numerous studies on subjective survival beliefs, ...

    • The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions 

      Levati, Lorenzo Maria; Lalanne, Marie (2020-03-01)
      Using an original dataset on professional networks of directors sitting on the boards of large US corporations, we examine how personal relationships are used by firms to improve job match quality in the high-skill segment ...

    • The Impact of Long-Run Macroeconomic Experiences on Personality 

      Vellekoop, Nathanaël (2016-08-01)
      Using two datasets containing demographically representative samples of the Dutch population, I study how lifetime experiences of aggregate labor market conditions affect personality. Three sets of findings are reported. ...

    • The Impact of Monetary Policy Interventions on the Insurance Industry 

      Pelizzon, Loriana; Sottocornola, Matteo (2018-03-01)
      This paper investigates the effect of the conventional and unconventional (e.g. Quantitative Easing - QE) monetary policy intervention on the insurance industry. We first analyze the impact on the stock performances of 166 ...

    • The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification 

      Billio, Monica; Caporin, Massimiliano; Panzica, Roberto Calogero; Pelizzon, Loriana (2016-10-01)
      We show that property damages from weather-related natural disasters significantly weaken the stability of banks with business activities in affected regions, as reflected in lower z-scores, higher probabilities of default, ...

    • The Impact of Temporal Framing on the Marginal Propensity to Consume 

      Pauls, Thomas (2021-02-23)
      We conducted a large-scale household survey in November 2020 to study how altering the time frame of a message (temporal framing) regarding an imminent positive income shock affects consumption plans. The income shock ...

    • The Influence of Leveraged Buyouts on Target Firms’ Competitors 

      Grupp, Marcel; Rauch, Christian; Umber, Marc P.; Walz, Uwe (2015-04-01)
      This paper analyzes the influence Leveraged Buyouts (LBOs) have on the operating performance of the LBO target companies’ direct competitors. A unique and hand-collected data set on LBOs in the United States in the period ...

    • The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis 

      Buss, Adrian; Dumas, Bernard; Uppal, Raman; Vilkov, Grigory (2016-01-25)
      In a production economy with trade in financial markets motivated by the desire to share labor-income risk and to speculate, we show that speculation increases volatility of asset returns and investment growth, increases ...

    • The Limits of Model-Based Regulation 

      Behn, Markus; Haselmann, Rainer; Vig, Vikrant (2014-11-30)
      In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of financial institutions. Model-based regulation was meant to enhance the stability of the financial sector ...

    • The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity 

      Wix, Carlo (2017-11-01)
      This paper studies the long-run effects of credit market disruptions on real firm outcomes and how these effects depend on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories ...

    • The Long-Term Distributional and Welfare Effects of Covid-19 School Closures 

      Fuchs-Schündeln, Nicola; Krueger, Dirk; Ludwig, Alexander; Popova, Irina (2020-09-21)
      Using a structural life-cycle model, we quantify the long-term impact of school closures during the Corona crisis on children affected at different ages and coming from households with different parental characteristics. ...