Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the …
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries…
In this paper we examine causal effects of German public assistance programs for young firms administered by the Deutsche Ausgleichsbank (DtA). The empirical analysis is based on a combined data set with…
The paper studies the interaction between emerging markets for tradable green certificates (TGCs) and CO2-emissions in the electricity sector linked by renewable generated electricity (RES-E). We distinguish…
In this paper,I contrast the quality of part-time jobs - in terms of hourly wage rates - with those of fulltimers. Using the Netherlands as a benchmark,helps to assess the size and seriousness of the estimated…
Asset price processes are completely described by information processes and investors' preferences. In this paper we derive the relationship between the process of investors' expectations of the terminal stock…