We propose a new approach to measuring the effect of unobservable private information or beliefs on volatility. Using high-frequency intraday data, we estimate the volatility effect of a well identified shock on…
Der Börsengang ist in vielen Fällen eine wichtige Exit-Option für Private Equity Investoren. Das Börsenumfeld für diese IPOs war in Deutschland nach dem Ende des Internet-Booms vielfach schwierig. In jüngerer…
Do academic scientists bring valuable human capital to the companies they found or join? If so, what are the particular skills that compose their human capital and how are these skills related to firm…
Public sector sponsored training was implemented at a large scale during the transition process in East Germany. Based on new administrative data, we estimate the differential effects of three different programs…
