1. ZEW Discussion Paper Nr. 06-043 // 2006

    Evaluating Conditional Asset Pricing Models for the German Stock Market

    We study the performance of conditional asset pricing models in explaining the German cross-section of stock returns. Our test assets are portfolios sorted by size and book-to-market as in the paper by Fama and…

  2. ZEW Discussion Paper Nr. 06-024 // 2006

    Continuing Vocational Training in Germany – A Comparative Study Using 3 German Data Sets

    Empirical work on continuing training in Germany provides surprisingly divergent evidence on the incidence of training. This makes comparison of econometric analyses of the impact of training on labour market…

  3. ZEW/Prognos-Transportmarktbarometer // 2006

    2. Quartal 2006

    Leichte Preissteigerungen bei steigendem Transportaufkommen

    Die Transportbranche geht vor dem Hintergrund der immer optimistischeren Haltung hinsichtlich der konjunkturellen Entwicklung davon aus, dass die…

  4. ZEW Discussion Paper Nr. 06-047 // 2006

    How Do Employment Effects of Job Creation Schemes Differ with Respect to the Foregoing Unemployment Duration?

    Based on new administrative data for Germany covering entrances into job creation schemes between July 2000 and May 2001, we evaluate the effects of this active labour market policy programme on the…

  5. ZEW Discussion Paper Nr. 06-045 // 2006

    Hidden Champions ? How Young and Small Technology-Oriented Firms Can Attain High Export-Sales Ratios

    Determinants of a firm's export-sales ratio (degree of internationalisation) are frequently discussed in the literature related to individual firms' export activities. Stylised facts show a positive relationship…