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Michael Moritz 《Economics of Transition》2011,19(2):305-331
Using data from the Czech Microcensus, I investigate differences in the regional impact of open borders on different skill groups in the Czech labour market. According to my results, there are no indications of disproportionate shifts in the skill structure of employment in the districts neighbouring western Germany and Austria compared to non‐border districts. However, regarding spatial wage gaps, I find evidence that from 1996 until 2002 the workers in the border region with the lowest degree of skills have a positive wage differential compared to their counterparts in the non‐border region, while all other skill groups in the border region have negative values. 相似文献
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Moritz Maier 《European Journal of Finance》2018,24(15):1288-1310
This paper introduces a return-based approach to studying a possible home bias of European equity funds by estimating their exposures to their domestic markets. We first confirm the robustness of our approach using simulated portfolios with different proportions of domestic and foreign stocks. The empirical analysis examines equity funds domiciled in 15 European countries that invest in European stocks. We examine individual funds as well as portfolios comprising funds that are all domiciled in a particular country. Our findings reveal that the portfolios of four domiciles show a significant home bias. Moreover, we observe that in seven domiciles more than a quarter of the individual funds are home-biased. These results are robust when controlling for fund-specific benchmarks or for the average country exposures of all funds in our final sample. Finally, a home bias of individual funds is not related to superior performance, but actually results in higher investment risk consistent with underdiversification. 相似文献
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Quality & Quantity - An amendment to this paper has been published and can be accessed via a link at the top of the paper. 相似文献
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Brand placements are omnipresent in video games, but their overall effect on brand attitudes is small and varies substantially between studies. The present research takes an evaluative conditioning perspective to explain when and how brand placements in video games influence brand attitudes. In two experiments with a 3D first-person video game, we show that only brands encountered during positive in-game experiences benefit from the placement, but not those encountered during negative in-game experiences. Building on the cognitive processes underlying evaluative conditioning, we also show that brand attitudes largely depend on the memory for the pairing of a brand with positive/negative in-game experiences. Pairing memory and thus also evaluative conditioning effects increase when players attend to the pairing of brands and positive/negative experiences, for example, when such pairings are a central part of the game's storyline. Overall, our findings show that evaluative conditioning and its cognitive mechanisms can be utilized to explain and predict advertising effects in applied settings, such as brand placements in video games. 相似文献
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［德］莫里茨·伦纳周万里 《当代金融研究》2019,2019(3):77-86
贡塔·托依布纳系当代社会理论法学大师,他在“法律与社会”“超国家法律”以及“正义论”三个领域,结合卢曼的系统论和德里达的后现代语言哲学,分析当代社会的私法秩序,建构了独特的社会理论法学。在法律与社会的关系上,托依布纳强调反思型法的作用,把合同视为调整来自不同领域冲突理性的工具。他认为当代法秩序会脱离民族国家的影响,形成全球私法。正义论不是纯粹的法哲学问题,它涉及的是法律与社会的调和,并且寻找适合社会的法教义学具体问题的答案。 相似文献