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Die wirtschaftspolitischen Implikationen der Klimaanpassung sind entscheidend für die Ausgestaltung einer eigenständigen Klimaanpassungspolitik und geben gleichzeitig wichtige Anreize zu politischem Handeln. Dieses Papier diskutiert daher eine mögliche wirtschaftspolitische Ausrichtung der...
Persistent link: https://www.econbiz.de/10010377179
Klimaanpassungspolitik wird in Deutschland auf verschiedenen politischen Ebenen betrieben. Dieses Papier untersucht auf Grundlage der ökonomischen Theorie der Anpassungspolitik Defizite dieser Politikansätze. Diese liegen in erster Linie in den folgenden Bereichen: unklare Abgrenzung von...
Persistent link: https://www.econbiz.de/10010435182
selection gives the best predictions of the risk of bankruptcy in firms holding high shares of the bank debt. …
Persistent link: https://www.econbiz.de/10014551720
-country investments. To avoid carbon leakage, the scheme allocates a number of free allowances to firms at risk of relocating investments …
Persistent link: https://www.econbiz.de/10013470518
Family firms are often considered characteristically different from non-family firms, and the economic implications of these differences have generated significant academic debate. However, our understanding of family firms suffers from an inability to identify them in total population data, as...
Persistent link: https://www.econbiz.de/10012654419
frictions in trade. In terms of the detailed mechanisms, the results suggest that guarantees primarily address the default risk …
Persistent link: https://www.econbiz.de/10012654440
This paper analyzes the differences in labor demand and labor turnover between family and nonfamily firms. The majority of firms in modern economies and, therefore, also in Germany are family controlled. These firms seem to have better employment performance than non-family controlled companies....
Persistent link: https://www.econbiz.de/10011705802
A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured creditors without changing the value of assets on firms' balance sheets. Using a country-wide panel of all incorporated firms, we document that a zero-sum redistribution of...
Persistent link: https://www.econbiz.de/10012143946
lost in thin labor markets and among small firms. Ex ante compensating wage differentials for this "bankruptcy risk" are …
Persistent link: https://www.econbiz.de/10013364530
Credit risk models used in quantitative risk management treat credit risk analysis conceptually like a single person … decision problem. From this perspective an exogenous source of risk drives the fundamental parameters of credit risk … risk that can be viewed as an extension of the capital asset pricing model. They analyze equilibrium prices of securities …
Persistent link: https://www.econbiz.de/10013370089