Showing 1 - 10 of 238
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/10011446114
Productivity growth has been slow in many continental European countries over the last few decades, especially in comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are two of the main reasons for this phenomenon. However,...
Persistent link: https://www.econbiz.de/10011443499
This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...
Persistent link: https://www.econbiz.de/10008746140
In recent years, coinciding with the discussion led in many OECD countries, Germany has started to contract out placement services for the unemployed to private agencies. Whereas in the Netherlands and Australia the whole system of employment services was reorganized at once, making an...
Persistent link: https://www.econbiz.de/10003314709
In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical literature on the oil-unemployment relationship and relate them to the German case. Secondly, we illustrate this issue within the framework of a vector autoregression (VAR)...
Persistent link: https://www.econbiz.de/10003806166
A recent survey of 54 micro-econometric studies reveals that exporting firms are more productive than non-exporters. On the other hand, previous empirical studies show that exporting does not necessarily improve productivity. One possible reason for this result is that most previous studies are...
Persistent link: https://www.econbiz.de/10003480022
Weiterbildungsmaßnahmen sind ein wichtiger Bestandteil der Aktiven Arbeitsmarktpolitik in Deutschland und in vielen … Beschäftigungssuche ab, denn in Deutschland können dem Arbeitslosen zu jedem Zeitpunkt Weiterbildungsmaßnahmen zugewiesen werden …. Wir evaluieren ein wichtiges Programm der beruflichen Weiterbildung in Deutschland (Förderung der beruflichen …
Persistent link: https://www.econbiz.de/10008665400
This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH (NGARCH) model as a special case. Some of these models are empirically motivated ad-hoc specifications others are derived from a representative...
Persistent link: https://www.econbiz.de/10003670896
Extending a recently developed multiproduct model and distinguishing between different product and process innovation activities, this paper reports new results on the relationship between innovation and employment growth in manufacturing and service firms in Germany. The model is tailor-made...
Persistent link: https://www.econbiz.de/10003671049
This paper compares trends in wage inequality in the U.S. and Germany using an approach developed by MaCurdy and Mroz (1995) to separate age, time, and cohort effects. Between 1979 and 2004, wage inequality increased strongly in both the U.S. and Germany but there were various country specific...
Persistent link: https://www.econbiz.de/10003946254