Die deutsche Bankenbranche ist mit ihrer schlechten Kosteneffizienz im internationalen Wettbewerb weit zurückgefallen. Der globale Wettbewerbsdruck zwingt die Kreditinstitute, ihre Kostensituation zu…
By means of an event study of stock market reactions to the announcement of the Olympic Games host cities, we find a significant and positive announcement effect of hosting the Summer Games, with a cumulative…
This paper constitutes – to our best knowledge – the first econometric analysis on stock market effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission Allowance (EUA) price…
