1. ZEW-Finanzmarktreport // 2015

    April 2015

    • Konjunkturerwartungen weiter auf hohem Niveau
    • EZB: Inflationserwartungen stark gestiegen
    • USA: Einschätzung der Wirtschaftslage verschlechtert sich
    • Japan: Dritter Anstieg des Lageindikators in Folge
    • Großbritannien:…
  2. ZEW Discussion Paper No. 15-018 // 2015

    Good Enough! Are Socially Responsible Companies the More Successful Environmental Innovators?

    The link between Corporate Social Responsibility (CSR) activities and financial performance of firms has been intensively examined and debated in academics and politics, but the connection to innovation has so…

  3. Refereed Journal // 2015

    The Impact of Captive Innovation Offshoring on the Effectiveness of Organizational Adaptation

    We analyze the effects of captive offshoring of innovation activities on the firms' ability to adapt their organizational structures. Basing our arguments on the complexity theory, we use three consecutive waves…

  4. Financial Market Report Switzerland // 2015

    April 2015

    • Economic Activity Expectations Recover from Swiss Franc Shock
    • Continued EUR/CHF Exchange Rate Uncertainty
    • Stable Inflation Expected
    • No Change in Short-Term Interest Rates Expected
    • Positive Outlook for European Stock…
  5. ZEW Discussion Paper No. 15-017 // 2015

    Vote Buying or (Political) Business (Cycles) as Usual?

    We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to…

  6. Discussion and Working Paper // 2015

    Higher Taxes, More Evasion? Evidence from Border Differentials in TV License Fees

    This paper studies the evasion of TV license fees in Austria. We exploit border differentials to identify the effect of fees on evasion. Comparing municipalities at the low- and high-fee side of state borders…

  7. ZEW Discussion Paper No. 15-016 // 2015

    Women on the Board and Executive Duration – Evidence for European Listed Firms

    The participation of women in top-level corporate boards (or rather the lack of it) is subject to intense public debate. Several countries are considering legally binding quotas to increase the share of women on…

  8. ZEW Discussion Paper No. 15-015 // 2015

    Does Exchange of Information Between Tax Authorities Influence Multinationals' Use of Tax Havens?

    Since the mid-1990s, countries offering tax systems that facilitate international tax avoidance and evasion have been facing growing political pressure to comply with the internationally agreed standards of…