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Discrimination, Managers, and Firm Performance : Evidence from "Aryanizations" in Nazi Germany
Huber, Kilian; Lindenthal, Volker; Waldinger, Fabian - 2021
Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how … expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporations. Firms that lost … Jewish managers experienced persistent reductions in stock prices, dividends, and returns on assets. Aggregate market value …
Persistent link: https://www.econbiz.de/10013314854
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The Origins of Common Identity : Evidence from Alsace-Lorraine
Dehdari, Sirus H. - 2019
The quasi-exogenous division of the French regions Alsace and Lorraine after the Franco-Prussian War allows us to provide evidence about group identity formation within historically homogeneous regions. Using several measures of stated and revealed preferences spanning over half a century, we...
Persistent link: https://www.econbiz.de/10012892173
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The Origins of Common Identity : Evidence from Alsace-Lorraine
Dehdari, Sirus H. - 2019
The quasi-exogenous division of the French regions Alsace and Lorraine after the Franco-Prussian War allows us to provide evidence about group identity formation within historically homogeneous regions. We use several measures of stated and revealed preferences at the municipal-level in a...
Persistent link: https://www.econbiz.de/10012858698
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The Sword and the Shield : The Economics of Targeted Sanctions
Ahn, Daniel P. - 2019
How effective are “smart” sanctions in imposing costs on an adversary? We consider this question in a model where a targeted regime may choose to “shield” strategically important firms from harm. Using detailed firm and individual data, we estimate the impact on firm performance from...
Persistent link: https://www.econbiz.de/10012871020
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Are Bigger Banks Better? Firm-Level Evidence from Germany
Huber, Kilian - 2021
, but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The paper presents …
Persistent link: https://www.econbiz.de/10013314846
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The Impact of COVID-19 on Small Business Owners : The First Three Months after Social-Distancing Restrictions
Fairlie, Robert W. - 2021
Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 are expected to shutter many small businesses and entrepreneurial ventures, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the...
Persistent link: https://www.econbiz.de/10013315288
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Labor in the Boardroom
Jäger, Simon - 2019
study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked …
Persistent link: https://www.econbiz.de/10012857903
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The Distributional Impact of Labour Market Reforms : A Model-Based Assessment
Roeger, Werner - 2019
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012859991
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'Take it or go to court': The impact of sec. 1a of the German protection against dismissal act on severance payments
Goerke, Laszlo; Pannenberg, Markus - 2010
In 2004, a section was added to the German Protection against Dismissal Act, establishing a new procedure to dismiss an employee, given a predetermined severance payment. Most legal scholars presume the change to be without impact, while a minority of experts claims it to be either beneficial or...
Persistent link: https://www.econbiz.de/10010270459
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The importance of the electoral rule: Evidence from Italy
Bordignon, Massimo; Monticini, Andrea - 2011
We employ bootstrap methods (Efron (1979)) to test the effect of an important electoral reform implemented in Italy … objectives of the reform) that remained unchanged at their pre-reform level. …
Persistent link: https://www.econbiz.de/10010274960