A growing literature investigates how firms’ innovation input reacts to changes in the business cycle. However, so far there is no evidence whether there is cyclicality in the effects of innovation on firm…

Die Digitalisierung und Automatisierung der Wirtschaft schreiten immer weiter voran. Insbesondere die Vernetzung von IT- und Geschäftsprozessen (Industrie 4.0) ermöglicht immer neue Anwendungs- und…

• Ausgang der US-Wahl belastet die deutschen Konjunkturerwartungen nur wenig
• Eurozone: Inflationserwartungen nehmen stark zu
• USA: Konjunkturerwartungen nach Trump-Wahl fast unverändert
• Japan: Konjunkturausblick…

Technological change is increasingly turning the value chain into an automated and digitalised process. The digitalisation and automation of manufacturing processes is characterised by the use of increasingly…

• Mergers and Acquisitions in Germany: M&A Index Hits Record High
• M&A Transactions Decline in the IT Sector
• Capital Gains Taxes Slow M&A Activities
• Few Large-Scale Acquisitions in the US Telecommunications Market

• Analysts Expect Rising Share Prices and a Sluggish Economy
• International Financial Market Data — Assessments and Expectations
• Stock-Market Expectations Rise Significantly
• Analysts Tend to Expect the Franc to…

This paper studies the maturity structure of sovereign debt in the euro area and the penetration of the sovereign debt stock with a new type of collective action clauses (CACs), labeled Creditor Participation…

This paper investigates the impact of energy policies on the export performance of firms. There has been a long policy debate on potentially negative impacts of cost-increasing energy policies on international…