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Innovation, employment growth, and foreign ownership of firms: A European perspective

Dachs, Bernhard; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The …, reveals important differences between the two groups: Due to general productivity increases and process innovation, foreign … innovation are larger for foreignowned firms. Together with employment-stimulating effects stemming from existing products, they …

Persistent link: https://www.econbiz.de/10010957608

Bank owners or bank managers: who is keen on risk? Evidence from the financial crisis

Gropp, Reint; Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...

Persistent link: https://www.econbiz.de/10008518270

Corporate monitoring by blockholders in Europe: empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK

Dherment-Ferere, Isabelle; Köke, Jens; Renneboog, Luc - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...

Persistent link: https://www.econbiz.de/10005097669

Dynamics in ownership and firm survival: evidence from corporate Germany

Heiss, Florian; Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...

Persistent link: https://www.econbiz.de/10005097846

Control transfers in corporate Germany: their frequency, causes and consequences

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...

Persistent link: https://www.econbiz.de/10005098061

Determinants of acquisition and failure: stylized facts and lessons for empirical studies

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...

Persistent link: https://www.econbiz.de/10005098062

New evidence on ownership structures in Germany

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...

Persistent link: https://www.econbiz.de/10005098175

Corporate governance, market discipline, and productivity growth

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

Using a large panel of German manufacturing firms over the years 1986?1996, this study examines the impact of corporate governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show significantly higher productivity growth. Financial...

Persistent link: https://www.econbiz.de/10005098443

Intermediate input markets, ICT and innovation in Germany: A firm level analysis

Cerquera, Daniel; Klein, Gordon J. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This paper studies the impact of the adoption of ICT on the economic performance at the firm level, considering explicitly the interaction of adopting firms within the intermediate input market in Germany. The paper identifies and quantifies the importance of adoption externalities and knowledge...

Persistent link: https://www.econbiz.de/10010957582

The impact on innovation off-shoring on organizational adaptability

Baier, Elisabeth; Rammer, Christian; Schuber, Torben - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

We analyze the effects of captive off-shoring of innovation activities on the firms' ability to adapt their … Community Innovation Survey to test our hypotheses. We find an inverted u-shape of innovation off-shoring on the effectiveness … of organizational adaptability, implying an optimal threshold value of innovation off-shoring. This value is 11% for …

Persistent link: https://www.econbiz.de/10010957583

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