1. Refereed Journal // 2021

    Start-Up Subsidies and the Sources of Venture Capital

    Research suggests that public subsidies for newly founded firms have a positive effect on follow-on financing, in particular on Venture Capital (VC), through providing certification and early-stage liquidity.…

  2. Refereed Journal // 2021

    Corporate emissions-trading behaviour during the first decade of the EU ETS

    This study analyses factors related to allowance-trading behaviour for the first ten years of the existence of the European Union Emissions Trading System (EU ETS). Our empirical analysis employs a dataset…

  3. Refereed Journal // 2021

    Global Distribution Patterns of Carbapenemase-Encoding Bacteria in a New Light: Clues on a Role for Ethnicity

    Antibiotic resistance represents a major global concern. The rapid spread of opportunistically pathogenic carbapenemase-encoding bacteria (CEB) requires clinicians, researchers, and policy-makers to swiftly find…

  4. Refereed Journal // 2021

    Racing With or Against the Machine? Evidence on the Role of Trade in Europe

    Digital technologies displace labor from routine tasks, raising concerns that labor is racing against the machine. We develop an empirically tractable task-based framework to estimate the aggregate…

  5. Refereed Journal // 2021

    Small firms and the COVID-19 insolvency gap

    COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months of the crisis, SMEs as the backbone of Germany’s economy benefited from large and…