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It's all about connections: evidence on network formation
(2003)Working paper / Institute for Empirical Research in EconomicsWorking Paper -
Strategies Pursued by Swiss Firms in Investing in R&D at Foreign Locations. An Empirical Analysis Based on Firm-level Data
(2006)KOF Working PapersThe aim of this paper is twofold: Firstly, we try to identify and characterise different types of strategies firms pursue in performing foreign R&D. Secondly, it is analysed whether the types of R&D strategies we identified in the first part differ in terms of their impact on firm productivity. In order to identify foreign R&D strategies we perform, in a first step, a non-hierarchical cluster analysis of data on the firms’ motives for ...Working Paper -
Does marriage make people happy, or do happy people get married?
(2003)Working paper / Institute for Empirical Research in EconomicsWorking Paper -
Inequality, market power, and product diversity
(2003)Working paper / Institute for Empirical Research in EconomicsWorking Paper -
Do Differences in Institutional and Legal Environments Explain Cross-Country Variations in IPO Underpricing?
(2007)KOF Working PapersWe empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find that increased protection of shareholders and greater accounting transparency contribute negatively to variations in underpricing. When more information is available price ...Working Paper -
The Impact of Political Leaders' Profession and Education on Reforms
(2006)KOF Working PapersThis paper analyzes whether the educational and professional background of a head of government matters for the implementation of market-liberalizing reforms. Employing panel data over the period 1970-2002, we present empirical evidence based on a novel data set covering profession and education of more than 500 political leaders from 73 countries. Our results show that entrepreneurs, professional scientists, and trained economists are ...Working Paper -
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Terrorism: deterrence may backfire
(2002)Working paper / Institute for Empirical Research in EconomicsWorking Paper -
Money and reciprocity
(2002)Working paper / Institute for Empirical Research in EconomicsWorking Paper -
Markets do not select for a liquidity
(2002)Working paper / Institute for Empirical Research in EconomicsWorking Paper