Industrie 4.0, die Digitalisierung und das Internet der Dinge (IoT) führen uns in Deutschland in die vierte industrielle Revolution. Wie sieht die Autobahn der Zukunft aus? Und wie die digitale Fabrik? Wo steht Deutschland im internationalen Vergleich und welche Chance und Risiken ergeben sich...

Die Automobilindustrie von heute ist das Ergebnis von einem Jahrhundert Automobilpolitik. Dabei ging es weltweit um den steigenden Beitrag der Branche zu Beschäftigung und Wachstum und zugleich um die Eindämmung der vom Auto ausgehenden Schäden. Das passierte bisher in stabilen politischen...

An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...

We investigate the effects of new business formation on employment change in German regions. A special focus is on the lag-structure of this effect and on differences between regions. The different phases of the effects of new business formation on regional development are relatively pronounced...

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...

Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...