Showing 1 - 10 of 880
This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit … of almost half of Germany's nuclear reactors while safety checks were carried out, and a three-month moratorium on … companies to renewable energies companies in Germany. We moreover find that the joint market capitalization of these firms has …
Persistent link: https://www.econbiz.de/10013121551
It has traditionally been argued that the development of telecommunications infrastructure is dependent on the quality of countries' political institutions. We estimate the effect of political institutions on the diffusion of three telecommunications services and find it to be much smaller in...
Persistent link: https://www.econbiz.de/10013317235
Germany after reunification. Consistent with our expectations, we find that entry regulation reduces entry into self …We analyze how an entry regulation that imposes a mandatory educational standard affects entry into self-employment and … differences between regulated occupations and unregulated occupations in East Germany to the corresponding differences in West …
Persistent link: https://www.econbiz.de/10013158672
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10013149514
We provide a comprehensive overview of codetermination, i.e., worker representation in firms' governance and management. We cover the institution's history, implementation, and the best available evidence on its economic impacts. We argue that existing quasi-experimental estimates suggest that...
Persistent link: https://www.econbiz.de/10014088219
Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at the firm level. The paper focuses on how the...
Persistent link: https://www.econbiz.de/10013316735
Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data with firm-level information on value added, factor inputs and broadband adoption to answer these questions....
Persistent link: https://www.econbiz.de/10013034624
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10012909864
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10013058310
proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of … deregulation reform are relatively small due to the small size of the professional services in Germany.Policy reforms i) and ii …
Persistent link: https://www.econbiz.de/10012996554