In den letzten Jahren hat die Photovoltaikindustrie in Deutschland, vorangetrieben von der klimapolitischen Zielsetzung der Bundesregierung und begünstigt durch die hohen Einspeisevergütungen für Solarstrom nach dem Erneuerbare-Energien-Gesetz, ein rasantes Wachstum erlebt. Viele Staaten...

We analyze the performance of firms in the German business-related services sector. A quarterly business survey provides the panel data base of our study. Firm performance is measured by the survey respondents? ordinal indication of their changes in total sales. We use a firstorder Markov chain...

The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges – with the only exception of the Warsaw Stock Exchange – are, in comparison with their western counterparts, underdeveloped and less important for the...

Special stock market segments for small company shares were established by all major European stock exchanges during the 1980's. After showing a remarkable success during the first years of their existence - both in the primary as well as in the secondary market - these segments today suffer...