|
1 - 10 van 115 voor firm specific risk
paper-flex-martin-2.pdf
... fact that imperfections in financial markets limit their ability to insure themselves against the risk of dismissal (see e.g. pissarides, 2010). however, by imposing implicit or explicit costs ... -ended contracts are much lower, it often leads to weaker accumulation of firm-specific human capital and weaker firm-level productivity growth.22 secondly and more importantly, while some workers benefit ...
cpb.nl
analyzing labour supply elderly people life cycle approach pdf
... , stochastic processes for earnings and asset returns, layoff risk, job offer risk, health risk, and mortality risk. ex ante, agents are the same, ex post ... a second explanation of the wage drop is a loss of firm-specific human capital that may occur if a person changes jobs. ... then, is represented by n (one or more) specific 1-values.34 the number of specific values within a range, n, depends on ...
cpb.nl
Microsoft Word - DP128_demooij _2_.doc
... flow tax, would depend on the risk premium. if the risk premium is high relative to the risk-free rate of return, then the expected ... effective marginal tax rate. the fixed factor in foreign subsidiaries is firm-specific and responsive to taxes. the idea is that multinationals can move ... by 1.1% on average especially due to the inflow of firm-specific fixed factors. welfare rises by 0.7% of gdp. the ...
cpb.nl
Microsoft Word - DP CCCTB voorblad.doc
... alternatively, it may reflect land as a location-specific fixed factor of production. another interpretation is that the fixed factor is not location specific but firm specific, e.g. due to managerial skills, ... for the higher uncertainty of equity stakes as compared to risk-free government bonds. cortax does not explicitly model risk and thus ignores the uncertainty cost of holding equity. in ...
cpb.nl
Microsoft Word - discussion56.doc
... and realised medical expenses of their enrollees (sickness funds received risk-adjusted capitation payments for compensating most of the expected medical ... firm specific coefficients apart from price, we include three sets of firm specific coefficients that should pick up unmeasured firm-specific effects. first, we include coefficients for each former monopolist (i). the coefficient for firm ...
cpb.nl
cpb book labour market flexibility netherlands 0 pdf
... and with investments in firm-specific skills? workers generally are risk averse and many prefer commitment. employers are willing to bear the risks associated with firm-specific investments when they are engaged in a long-term relationship with the worker. furthermore, employers can reduce investment risk by diversifying their investment ...
cpb.nl
Microsoft Word - discussion165.doc
... their productivity and older workers more than their productivity. 2.3.2 insurance risk averse agents derive utility from insurance against fluctuations in consumption. if financial markets ... with proof' of the relevance of specific human capital. the accumulation of firm-specific capital is important in some firms and at certain education levels. firm-specific capital is never directly observed, ...
cpb.nl
dp175 systemic risk across sectors pdf
... that use stock prices. adrian and brunnermeier (2010) define the firm-specific covar for banks as the difference in value-at-risk (var) for the financial system when a particular bank comes into ... firm-specific parameters i, i, i, i, i, i, i and i are estimated by maximum likelihood. subsequently, the dependencies in the series of standardized innovations zt is investigated with our systemic risk ...
cpb.nl
N:\...\discussion26.wp [PFP#1230639143]
... error component model by including additional controls' for firm-specific initial conditions that can be implemented which firm-specific observed variables. for each firm we determine its (relative) ict intensity at ... the estimation of the (enhanced) production function approach (11a) aims at minimising the risk of simultaneity or omitted variables bias for the traditional inputs in order to ...
cpb.nl
rhineland-exit.pdf
... specific to the mission of the firm. the risk on these investments can be decomposed into three types (i) individual-specific risk; (ii) firm-specific risk; and (iii) aggregate risk. for each of these risk ... competition has raised firm-specific risks. just like individual-specific risk, firm-specific risk is characterized by a geometric random walk (see jovanovic, 1982). firm-specific risk can be ...
cpb.nl
| 