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The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation

Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different countries across the world and operating in all major industries. Our principal findings...

Persistent link: https://www.econbiz.de/10011095353

Benchmarking regions: Estimating the counterfactual distribution of labor market outcomes

Fitzenberger, Bernd; Furdas, Marina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual...

Persistent link: https://www.econbiz.de/10010957712

Pension funds' performance in strongly regulated industries in Central Europe: Evidence from Poland and Hungary

Bohl, Martin T.; Lischewski, Judith; Voronkova, Svitlana - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

This paper presents an analysis of pension funds' performance in Poland and Hungary, two Central European countries characterized by strong regulation of their private pension fund industries. Thus, the paper extends the literature which has so far mostly focused on performance of pension fund...

Persistent link: https://www.econbiz.de/10008694119

Socially Responsible Investments in Germany, Switzerland and the United States: An Analysis of Investment Funds and Indices

Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as performance measure. The analysis considers market timing strategies of the fund management...

Persistent link: https://www.econbiz.de/10005097487

What active labour market programmes work for immigrants in Europe? A meta-analysis of the evaluation literature

Butschek, Sebastian; Walter, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

A growing body of programme evaluation literature recognises immigrants as a disadvantaged group on European labour …

Persistent link: https://www.econbiz.de/10010957600

The heterogeneous effects of training incidence and duration on labor market transitions

Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...

Persistent link: https://www.econbiz.de/10008694115

Short-term training programs for immigrants: do effects differ from natives and why?

Aldashev, Alisher; Thomsen, Stephan L.; Walter, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

We evaluate the effects of different short-term training programs on the employment chances of immigrant and native welfare recipients in Germany. In particular, we investigate whether program effects differ between both groups and what might cause these potential differences. In a first step,...

Persistent link: https://www.econbiz.de/10008536039

Assessing the effects of a road surfacing cartel in Switzerland

Hüschelrath, Kai; Leheyda, Nina; Beschorner, Patrick … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

The paper assesses the impact of the detection of a hard-core cartel in the Swiss market for road surfacing on post-cartel competition. In addition to an investigation of supply-side factors, demand-side factors, and market prices, the paper also derives estimates of the economic effects of the...

Persistent link: https://www.econbiz.de/10008536040

Methodologische Grundlagen einer Evaluation von Wettbewerbspolitik

Hüschelrath, Kai - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

Thema 'Evaluation of the Actions and Resources of the Competition Authorities' statt. Eine wesentliche Erkenntnis der … Arbeitsvorgabe erst einige Jahre vergangen sind, so hat die Bedeutung der Evaluation von Wettbewerbspolitik seitdem deutlich … methodologischen Überlegungen bestehender Studien, sondern ermöglicht gleichzeitig eine Identifikation von Problemen bei der Evaluation …

Persistent link: https://www.econbiz.de/10008474663

Estimating the effects of public training on Polish unemployment by way of the augmented matching function approach

Puhani, Patrick A. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

We analyse Polish active labour market policy (ALMP) training programmes from a macroeconomic (regional) point of view. The effects of training programmes on the outflows from unemployment and the effects of all ALMP programmes on the outflows from employment (to identify displacement effects)...

Persistent link: https://www.econbiz.de/10005097523