Disconnectedness among young adults can have several dimensions. From a socio-economic viewpoint, failure in school, unemployment and the lack of a partner are among the most important ones. In our sample of…

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.…

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• Economic Expectations Brighten up Slightly
• Eurozone: Interest Rate Expectations Surge Strongly
• Great Britain: Outlook Points to Rising Rates
• USA: Inflation Prospects Continue to Pick up
• Japan: Diminished Growth…

Verschlechterung der Geschäftslage trübt die Stimmung im Wirtschaftszweig

Im Wirtschaftszweig Dienstleister der Informationsgesellschaft hat sich die wirtschaftliche Lage im ersten Quartal 2011 gegenüber dem…

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…