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Maastricht University
(24 results)-
White Papers
Decision Making With Imperfect Knowledge Of The State Space
February 1, 2011, 12:00am PST
The authors conduct an experiment to study how imperfect knowledge of the state space affects subsequent choices under uncertainty with perfect knowledge of the state space. Participants in the...
Provided by Maastricht University
-
White Papers
Financial Contagion In Developed Sovereign Bond Markets
January 24, 2011, 12:00am PST
This paper implements a simultaneous equations model to test for international financial contagion among developed sovereign credit markets between May 1, 2000 and September 1, 2010. Two...
Provided by Maastricht University
-
White Papers
Too Big To Innovate? Scale (Dis)economies And The Competition-Innovation Relationship In U.S. Banking
September 29, 2010, 12:00am PDT
This paper examines whether large U.S. banks have become 'Too big to innovate'. The authors extend the theoretical work of Aghion et al. (2005b) by relaxing their assumption that unit costs are...
Provided by Maastricht University
-
White Papers
Active Labor Market Policy By A Profit Maximizing Firm
August 18, 2010, 12:00am PDT
This paper investigates the effectiveness of an employment program exclusively run by and in a private sector firm, in order to find out whether a private program without cream-skimming can be...
Provided by Maastricht University
-
White Papers
A Noncooperative Approach To Bankruptcy Problems With An Endogenous Estate
May 1, 2010, 12:00am PDT
The authors introduce a new class of bankruptcy problems in which the value of the estate is endogenous and depends on agents' investment decisions. There are two investment alternatives:...
Provided by Maastricht University
-
White Papers
Project Finance As A Driver Of Economic Growth In Low-Income Countries
February 13, 2009, 12:00am PST
This paper investigates the role of project finance as a driver of economic growth. The authors hypothesize that project finance is beneficial to the least developed economies as it compensates...
Provided by Maastricht University
-
White Papers
Testing For Asset Market Linkages: A New Approach Based On Time-Varying Copulas
December 11, 2007, 12:00am PST
This paper proposes a new approach based on time-varying copulas to test for the presence of increases in stock market interdependence after financial crises, also known as shift-contagion...
Provided by Maastricht University
-
White Papers
An Evaluation Of The Forecast Of The Indicator Of The Labour Market Gap
July 1, 2009, 12:00am PDT
This evaluation study has been conducted within the framework of the Education and Labour Market Project (POA). The project is funded by the Ministry of Education, Culture and Science (OCW), the...
Provided by Maastricht University
-
White Papers
Earnings Management And Audit Quality In Europe: Evidence From The Private Client Segment Market
August 29, 2008, 12:00am PDT
This paper contributes to the recent literature on financial reporting quality in private (i.e. non-listed) companies (Ball and Shivakumar, 2005; Burgstahler et al., 2006) by examining whether in...
Provided by Maastricht University
-
White Papers
Constraints To Human Capital Investment In Developing Countries: Using The Asian Financial Crisis In Indonesia As A Natural Experiment
January 26, 2011, 12:00am PST
The aim of this paper is to investigate the effects of inadequate basic facilities on learning; and the effects of low income on educational investment. The authors consider how these resource and...
Provided by Maastricht University
-
White Papers
Human Resource Management Practices And Learning For Innovation In Developing Countries
December 21, 2010, 12:00am PST
The use of the systems of innovation framework to study learning and innovation dates back to the mid-1980s (Freeman 2002; Lundvall et al., 2002). The most immediate roots trace back to three...
Provided by Maastricht University
-
White Papers
Microeconometric Evidence Of Financing Frictions And Innovative Activity
April 11, 2010, 12:00am PDT
The importance of innovative activity by firms for securing economic growth and welfare is by now well recognized and has been widely documented in the scientific literature. Important as it might...
Provided by Maastricht University
-
White Papers
Learning And Innovation Under Changing Market Conditions: The Auto Parts Industry In Mexico
October 13, 2010, 12:00am PDT
This paper explores changes over time in the learning responses and innovation capacity of auto parts suppliers in Mexico, in the context of the confluence of market changes brought about by the...
Provided by Maastricht University
-
White Papers
R&D Alliances, Knowledge Flows, And Innovation
June 18, 2010, 12:00am PDT
This dissertation presents three essays concerning interfirm R&D alliances and their relation to interfirm flows of technological knowledge and firm innovation. The author's overall research...
Provided by Maastricht University
-
White Papers
Financial Risk Management: From A Global To An Individual Perspective
August 1, 2009, 12:00am PDT
The recent crisis has shown that financial risk management not only lies at the core of the economy, but at the heart of the modern society. Increasingly strong links between international markets...
Provided by Maastricht University
-
White Papers
Top Management Team And Middle Managers: Making Sense Of Leadership
January 22, 2009, 12:00am PST
This paper provides insight about the process of Top Management Teams'(TMTs') sense making about leadership of middle managers - a process that has so far been neglected by researchers. In a...
Provided by Maastricht University
-
White Papers
Strategic Asset Allocation & Asset Liability Management
December 1, 2007, 12:00am PST
Institutional investors around the world invest trillions of Euros on behalf of many people who save money for the long run. In the Netherlands for example, pension funds hold more than 600...
Provided by Maastricht University
-
White Papers
Risk Management From A Microeconomic Perspective
August 29, 2008, 12:00am PDT
Risk management is of crucial importance when the authors consider the enormous financial risk the economy is exposed to. The risks of many economic agents are regulated by various institutions....
Provided by Maastricht University
-
White Papers
Expectations In Financial Markets
December 6, 2007, 12:00am PST
This dissertation is about expectations in financial markets. The purpose of this research is to examine what one can learn from expectations, what they tell about individual participants in...
Provided by Maastricht University
-
White Papers
Gazelles, Industry Growth And Structural Change
February 24, 2011, 12:00am PST
This paper examines to what extent gazelles are the drivers of the growth of industries and structural change. To this purpose the authors analyze gazelles over a 12 year period (annually from...
Provided by Maastricht University
-
White Papers
Lessons From The Financial Crisis: Funded Pension Funds Should Invest Conservatively
February 1, 2011, 12:00am PST
The authors model a three-pillar pension system and analyse in this context the impact of the financial crisis on the aggregate economy, using an overlapping generations model where individuals...
Provided by Maastricht University
-
White Papers
Procedurally Fair Taxation
March 29, 2011, 12:00am PDT
The authors study the implications of procedural fairness on income taxation. They formulate procedural fairness as a particular non-cooperative bargaining game and examine the stationary subgame...
Provided by Maastricht University
-
White Papers
Education And Training In A Model Of Endogenous Growth With Creative Wear-And-Tear
November 7, 2007, 12:00am PST
How does the rate at which firms adopt new technologies affect the level of education and training of a country's workforce? If technological change makes knowledge obsolete and tends to foster...
Provided by Maastricht University
-
White Papers
Trustworthy Clouds Underpinning the Future Internet
March 8, 2011, 12:00am PST
Cloud computing is a new service delivery paradigm that aims to provide standardized services with self-service, pay-per-use, and seemingly unlimited scalability. This paradigm can be implemented...
Provided by Maastricht University
-
White Papers
Trustworthy Clouds Underpinning the Future Internet
March 8, 2011, 12:00am PST
Cloud computing is a new service delivery paradigm that aims to provide standardized services with self-service, pay-per-use, and seemingly unlimited scalability. This paradigm can be implemented...
Provided by Maastricht University
-
White Papers
Education And Training In A Model Of Endogenous Growth With Creative Wear-And-Tear
November 7, 2007, 12:00am PST
How does the rate at which firms adopt new technologies affect the level of education and training of a country's workforce? If technological change makes knowledge obsolete and tends to foster...
Provided by Maastricht University
-
White Papers
Procedurally Fair Taxation
March 29, 2011, 12:00am PDT
The authors study the implications of procedural fairness on income taxation. They formulate procedural fairness as a particular non-cooperative bargaining game and examine the stationary subgame...
Provided by Maastricht University
-
White Papers
Lessons From The Financial Crisis: Funded Pension Funds Should Invest Conservatively
February 1, 2011, 12:00am PST
The authors model a three-pillar pension system and analyse in this context the impact of the financial crisis on the aggregate economy, using an overlapping generations model where individuals...
Provided by Maastricht University
-
White Papers
Gazelles, Industry Growth And Structural Change
February 24, 2011, 12:00am PST
This paper examines to what extent gazelles are the drivers of the growth of industries and structural change. To this purpose the authors analyze gazelles over a 12 year period (annually from...
Provided by Maastricht University
-
White Papers
Expectations In Financial Markets
December 6, 2007, 12:00am PST
This dissertation is about expectations in financial markets. The purpose of this research is to examine what one can learn from expectations, what they tell about individual participants in...
Provided by Maastricht University
-
White Papers
Risk Management From A Microeconomic Perspective
August 29, 2008, 12:00am PDT
Risk management is of crucial importance when the authors consider the enormous financial risk the economy is exposed to. The risks of many economic agents are regulated by various institutions....
Provided by Maastricht University
-
White Papers
Strategic Asset Allocation & Asset Liability Management
December 1, 2007, 12:00am PST
Institutional investors around the world invest trillions of Euros on behalf of many people who save money for the long run. In the Netherlands for example, pension funds hold more than 600...
Provided by Maastricht University
-
White Papers
Top Management Team And Middle Managers: Making Sense Of Leadership
January 22, 2009, 12:00am PST
This paper provides insight about the process of Top Management Teams'(TMTs') sense making about leadership of middle managers - a process that has so far been neglected by researchers. In a...
Provided by Maastricht University
-
White Papers
Financial Risk Management: From A Global To An Individual Perspective
August 1, 2009, 12:00am PDT
The recent crisis has shown that financial risk management not only lies at the core of the economy, but at the heart of the modern society. Increasingly strong links between international markets...
Provided by Maastricht University
-
White Papers
R&D Alliances, Knowledge Flows, And Innovation
June 18, 2010, 12:00am PDT
This dissertation presents three essays concerning interfirm R&D alliances and their relation to interfirm flows of technological knowledge and firm innovation. The author's overall research...
Provided by Maastricht University
-
White Papers
Learning And Innovation Under Changing Market Conditions: The Auto Parts Industry In Mexico
October 13, 2010, 12:00am PDT
This paper explores changes over time in the learning responses and innovation capacity of auto parts suppliers in Mexico, in the context of the confluence of market changes brought about by the...
Provided by Maastricht University
-
White Papers
Microeconometric Evidence Of Financing Frictions And Innovative Activity
April 11, 2010, 12:00am PDT
The importance of innovative activity by firms for securing economic growth and welfare is by now well recognized and has been widely documented in the scientific literature. Important as it might...
Provided by Maastricht University
-
White Papers
Human Resource Management Practices And Learning For Innovation In Developing Countries
December 21, 2010, 12:00am PST
The use of the systems of innovation framework to study learning and innovation dates back to the mid-1980s (Freeman 2002; Lundvall et al., 2002). The most immediate roots trace back to three...
Provided by Maastricht University
-
White Papers
Constraints To Human Capital Investment In Developing Countries: Using The Asian Financial Crisis In Indonesia As A Natural Experiment
January 26, 2011, 12:00am PST
The aim of this paper is to investigate the effects of inadequate basic facilities on learning; and the effects of low income on educational investment. The authors consider how these resource and...
Provided by Maastricht University
-
White Papers
Earnings Management And Audit Quality In Europe: Evidence From The Private Client Segment Market
August 29, 2008, 12:00am PDT
This paper contributes to the recent literature on financial reporting quality in private (i.e. non-listed) companies (Ball and Shivakumar, 2005; Burgstahler et al., 2006) by examining whether in...
Provided by Maastricht University
-
White Papers
An Evaluation Of The Forecast Of The Indicator Of The Labour Market Gap
July 1, 2009, 12:00am PDT
This evaluation study has been conducted within the framework of the Education and Labour Market Project (POA). The project is funded by the Ministry of Education, Culture and Science (OCW), the...
Provided by Maastricht University
-
White Papers
Testing For Asset Market Linkages: A New Approach Based On Time-Varying Copulas
December 11, 2007, 12:00am PST
This paper proposes a new approach based on time-varying copulas to test for the presence of increases in stock market interdependence after financial crises, also known as shift-contagion...
Provided by Maastricht University
-
White Papers
Project Finance As A Driver Of Economic Growth In Low-Income Countries
February 13, 2009, 12:00am PST
This paper investigates the role of project finance as a driver of economic growth. The authors hypothesize that project finance is beneficial to the least developed economies as it compensates...
Provided by Maastricht University
-
White Papers
A Noncooperative Approach To Bankruptcy Problems With An Endogenous Estate
May 1, 2010, 12:00am PDT
The authors introduce a new class of bankruptcy problems in which the value of the estate is endogenous and depends on agents' investment decisions. There are two investment alternatives:...
Provided by Maastricht University
-
White Papers
Active Labor Market Policy By A Profit Maximizing Firm
August 18, 2010, 12:00am PDT
This paper investigates the effectiveness of an employment program exclusively run by and in a private sector firm, in order to find out whether a private program without cream-skimming can be...
Provided by Maastricht University
-
White Papers
Too Big To Innovate? Scale (Dis)economies And The Competition-Innovation Relationship In U.S. Banking
September 29, 2010, 12:00am PDT
This paper examines whether large U.S. banks have become 'Too big to innovate'. The authors extend the theoretical work of Aghion et al. (2005b) by relaxing their assumption that unit costs are...
Provided by Maastricht University
-
White Papers
Financial Contagion In Developed Sovereign Bond Markets
January 24, 2011, 12:00am PST
This paper implements a simultaneous equations model to test for international financial contagion among developed sovereign credit markets between May 1, 2000 and September 1, 2010. Two...
Provided by Maastricht University
-
White Papers
Decision Making With Imperfect Knowledge Of The State Space
February 1, 2011, 12:00am PST
The authors conduct an experiment to study how imperfect knowledge of the state space affects subsequent choices under uncertainty with perfect knowledge of the state space. Participants in the...
Provided by Maastricht University
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