Seminario de Investigación ECOBAS: Tiago Tavares – ITAM (México)

RESUMO:

Using new census-type data and a dynamic structural model, we study the effect of credit supply on investment by manufacturing firms during the Greek depression. Real factors (profitability, uncertainty, and taxes) account for only a fraction of the substantial drop in investment observed in the data. The reduction in credit supply has significant real effects, explaining 11–32% of the investment slump. We also find that exporting firms, which reduce investment and deleverage despite their improved profitability during the crisis, face a contraction in credit supply similar to that of non-exporters, suggesting that the credit-supply shock has a significant common component.

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Seminario de Investigación ECOBAS: André Seidel - Universidade de Bergen (Noruega)

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Seminario de investigación ECOBAS: Jordi Brandts - CSIC & Barcelona School Of Economics

This study provides a comprehensive analysis of gender differences in performance caused by two different dimensions of competition –rivalry for resources and status ranking. It also examines two mechanisms behind such differences: (1) gendered beliefs about performance differences in competitiveness; and (2) prescriptive stereotypes about women having to show warmth towards others. The results indicate that in the absence of any competitive dimension men and women perform equally well. Any competitive dimension, however, leads to women doing worse than men. These results are explained by men’s beliefs that they are better than women, and by women’s adherence to a prescribed stereotype of not harming others. Gender differences under competition seem to be endogenous to situational contexts, just like they are without competition.


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Seminario de investigación ECOBAS: Jorge Higinio Maldonado - Universidad de Los Andes

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