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Intangibles, Can They Explain the Dispersion in Return Rates?

Görzig, Bernd; Gornig, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...

Persistent link: https://www.econbiz.de/10008530631

International Outsourcing and the Skill Structure of Labour Demand in the United Kingdom

Hijzen, Alexander; Görg, Holger; Hine, Robert C. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004

This paper investigates empirically the link between international outsourcing and the skill structure of labour demand … in the United Kingdom. It is the first detailed study of this issue for the UK. Outsourcing is calculated using import … factor demands, our main results show that international outsourcing has had a strong negative impact on the demand for …

Persistent link: https://www.econbiz.de/10004963926

Outsourcing and Firm-level Performance

Görzig, Bernd; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

outsourcing service functions previously provided within the firm, performed worse. In sum, our findings support the view that … firms tend to overestimate the benefits accruing from outsourcing of services previously provided internally. …

Persistent link: https://www.econbiz.de/10004963941

Outsourcing, Foreign Ownership and Productivity: Evidence from UK Establishment Level Data

Girma, Sourafel; Görg, Holger - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

This paper presents an empirical analysis of "outsourcing" using establishment level data for UK manufacturing … industries. We analyse an establishment's decision to outsource and the subsequent effects of outsourcing on the establishment …'s productivity. We compare outsourcing in domestic with foreign-owned establishments. Our empirical results suggest that high wages …

Persistent link: https://www.econbiz.de/10005069041

Winners and Losers: Fragmentation, Trade and Wages Revisited

Geishecker, Ingo; Görg, Holger - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

Our paper investigates the link between international outsourcing and wages utilising a large household panel and … combining it with industry level information on industries' outsourcing activities from input-output tables. By doing so we can … outsourcing has had a marked impact on wages. Distinguishing three skill categories we find evidence that outsourcing reduced the …

Persistent link: https://www.econbiz.de/10005069046

Outsourcing and the Demand for Low-skilled Labour in German Manufacturing: New Evidence

Geishecker, Ingo - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

This paper analyses how international outsourcing has affected the relative demand for low skilled workers in Germany … disentangle international outsourcing and trade in final goods more accurately. The main finding is that during the 1990s … international outsourcing had a significant negative impact on the relative demand for low-skilled workers, explaining between 19 …

Persistent link: https://www.econbiz.de/10005069051

How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets?: Evidence from China

Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...

Persistent link: https://www.econbiz.de/10011276389

Demand Side Analysis of Microlending Markets in Germany

Kritikos, Alexander S.; Kneiding, Christoph; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...

Persistent link: https://www.econbiz.de/10005018669

Financial Integration and Macroeconomic Stability: What Role for Large Banks?

Bremus, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

This study assesses how banking sector integration and especially cross-border lending affect macroeconomic stability. I use a two-country general equilibrium model with heterogeneous banks that are hit by idiosyncratic shocks. According to the concept of granularity, idiosyncratic shocks to...

Persistent link: https://www.econbiz.de/10009644901

Has Stock Markets' Reaction to Terrorist Attacks Changed throughout Time?: Comparative Evidence from a Large and a Small Capitalisation Market

Kollias, Christos; Manou, Efthalia; Papadamou, Stephanos; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

An expanding body of literature has addressed the question of the economic impact terrorist attacks have. A part of this literature has focused on the impact recent major terrorist hits had on financial markets. The question addressed by this paper is to what extent markets' reaction to major...

Persistent link: https://www.econbiz.de/10008694990