Style-based investments and their role for portfolio allocation have been widely studied by researchers in stock markets. By contrast, there exists considerably less knowledge about the portfolio implications of…
This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 46 previous studies, we find that this impact is substantial.…
In recent years, several studies have identified determinants of environmental innovations. In most econometric studies, environmental innovations in general were analyzed, some distinguish between…
Economic theory suggests that managers’ investment behavior differs from that of owners. On the one hand, managers might under-invest into R&D compared to owners for reasons of risk. R&D projects are typically…
We analyze the role of different contract types and access regulation on innovation and competition in telecommunications. Within a standard duopoly model we show that ex-post access contracts less often lead to…
Innovation triggers positive effects on productivity and growth. It is therefore important to know whether taxation has an impact on research, development and innovation and whether taxation can be used as an…
