Witnessing stock-market history in the making creates a vivid story, but does not provide valuable information. However, finance professionals extrapolate from personally witnessed returns, which we show by…
Das Problem der Unterbrechungen der Stromversorgung nach §19 StromGVV hat in den vergangenen Jahren erhebliche öffentliche Aufmerksamkeit erfahren und Rufe nach Maßnahmen zur Minderung von Stromsperren wurden…
This paper studies the effects of different public innovation funding programs on the innovation output and export performance of small and medium-sized enterprises (SMEs). We evaluate the effectiveness of…
Since the start of the Banking Union in November 2014, European banks lost nearly half their market capitalization. Important risks in bank balance sheets are still unaccounted for requiring an even larger…
The European Banking Authority (EBA) disclosed the effect of losses in a stress test on bank capital ratios on 29 July 2016. We assess the capital adequacy of these banks based on these disclosures and using two…
