What Explains Remittance Fees? Panel Evidence

Remittance and domestic labor productivity: Evidence from remittance recipient countries

What Explains Patrilineal Cooperation?

Evolutionary anthropologists have proposed that unilineal kinship promotes collective action and that patriliny occurs when the reproductive payoff from passing wealth to sons is greater than that for daughters. We assess both of these theoretical perspectives as well as indirect reciprocity and kin selection as possible contributors to patrilineal cooperation in the Dogon of Mali. The mean coe...

What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009

What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009 The compensation of executive board members in Germany has become a highly controversial topic since Vodafone’s hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms in Germany in the ...

What Explains Superior Retail Performance?

We analyze the performance of retail firms for the period 1978-97 using public financial data. Our performance measures are long-term stock returns and whether the firm filed for bankruptcy in the period of study. We assume that over a long time period of at least five years, stock returns are a reasonable measure of the overall success of a firm. We have found a very wide disparity in performa...

What Drives Target2 Balances? Evidence From a Panel Analysis

What are the drivers of the large Target2 (T2) balances that have emerged in the European Monetary Union since the start of the financial crisis in 2007? This paper examines the extent to which the evolution of national T2 balances can be statistically associated with cross-border financial flows and current account (CA) balances. In a quarterly panel spanning the years 1999 to 2012 and twelve ...