| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6133 |
| DP6133 Why are Buyouts Leveraged? The Financial Structure of Private Equity Firms | |
| Michael Weisbach; Per Strömberg; Ulf Axelson | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | The paper investigates the role of social norms as a determinant of individual attitudes by analyzing risk proclivity reported by immigrants and natives in a unique representative German survey. We employ factor analysis to construct measures of immigrants? ethnic persistence and assimilation. The estimated effect of these measures on risk proclivity suggests that adaptation to the attitudes of the majority population closes the immigrant-native gap in risk proclivity, while stronger commitment to the home country preserves it. As risk attitudes are behaviorally relevant, and vary by ethnic origin, our results could also help explain differences in economic assimilation of immigrants. |
| 主题 | Labour Economics |
| 关键词 | Risk attitudes Ethnic persistence Assimilation Second generation effects Gender |
| URL | https://cepr.org/publications/dp6133 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534969 |
| 推荐引用方式 GB/T 7714 | Michael Weisbach,Per Strömberg,Ulf Axelson. DP6133 Why are Buyouts Leveraged? The Financial Structure of Private Equity Firms. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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