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Social custom, free-riders, and trade union membership in Germany and Great Britain

Goerke, Laszlo; Pannenberg, Markus - 1998

Persistent link: https://www.econbiz.de/10010283773

Umfang und Kompensation von Überstunden : eine vergleichende Analyse für Westdeutschland und Großbritannien

Wagner, Gert G.; Pannenberg, Markus - 2000

In the 1990s overtime incidence in Great Britain and West Germany is quite similar, while the average amount of hours … of overtime for full-time male workers with overtime in Great Britain is roughly twice those in Germany for all years. We … time. In Germany, we observe a remarkable decrease in the share of workers who work paid overtime and a significant …

Persistent link: https://www.econbiz.de/10010260756

A Vectorautoregressive Investment Model (VIM) and Monetary Policy Transmission: Panel Evidence from German Firms

von Kalckreuth, Ulf; Chirinko, Robert S.; Breitung, Jörg - 2003

This paper proposes a new framework for studying the effects of monetary policy on business investment. Important ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling investment spending as a VAR. Based on a panel of...

Persistent link: https://www.econbiz.de/10010295752

Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

Fritsche, Ulrich; Kuzin, Vladimir N. - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...

Persistent link: https://www.econbiz.de/10010260899

Financial constraints for investors and the speed of adaptation: Are innovators special?

von Kalckreuth, Ulf - 2004

This paper uses a large panel of survey data on German firms in the manufacturing sector to analyse the effects of financing constraints for investors in general and for innovative firms in particular. Survey data with information on financing conditions are potentially a valuable tool that...

Persistent link: https://www.econbiz.de/10010295647

Exploring the role of uncertainty for corporate investment decisions in Germany

von Kalckreuth, Ulf - 2000

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and investment likely. On the other hand, the ability of firms to...

Persistent link: https://www.econbiz.de/10010295693

Monetary transmission in Germany: New Perspectives on Financial Constraints and Investment Spending

von Kalckreuth, Ulf - 2001

Kreditkanals für die Anlageinvestitionen des Verarbeitenden Gewerbes in Deutschland untersucht. Unser Panel von Jahresabschlüssen …

Persistent link: https://www.econbiz.de/10010295716

Further Evidence On The Relationship Between Firm Investment And Financial Status

von Kalckreuth, Ulf; Chirinko, Robert S. - 2002

The interpretation of the significant relation between business investment spending and cash flow has been controversial. A large body of research has found that investment/cash flow sensitivities are higher for financially constrained firms. This fundamental result underlying the finance...

Persistent link: https://www.econbiz.de/10010295745

Financing constraints, firm level adjustment of capital and aggregate implications

von Kalckreuth, Ulf - 2008

Following a positive shock, financing constraints will prolong or impede economic expansion that would have been optimal in an unconstrained environment. The study of dynamic adjustment therefore offers a direct way of verifying the presence of financing constraints and assessing their...

Persistent link: https://www.econbiz.de/10010295882

What Causes Cross-industry Differences of Technical Efficiency? An Empirical Investigation

Fritsch, Michael; Stephan, Andreas - 2004

Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms? fixed effects. One striking result is that the distribution of technical efficiency across...

Persistent link: https://www.econbiz.de/10010324228