Showing 1 - 10 of 485
We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracies on economic institutional quality...
Persistent link: https://www.econbiz.de/10013348848
We design and implement an iterative, program-proposing deferred acceptance mechanism with ties (IDAT) and apply it to childcare assignment in two German cities. The mechanism can accommodate complementarities in providers' preferences, is fast to terminate even in larger cities, is difficult to...
Persistent link: https://www.econbiz.de/10012698588
I examine the role of intermediaries on the world's largest peer-to-peer online lending platform. This marketplace as well as other recently opened lending websites allow people to auction microcredit over the internet and are in line with the disintermediation in financial transactions through...
Persistent link: https://www.econbiz.de/10011772333
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10010297541
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10005098291
expenditure and development expenditure, due to data availability. However, in most industries only (applied) research will lead … to patentable knowledge, and development happens after the initial research phase that may have led to a patent. Instead … Belgian firms. It turns out that only the 'R' part of R&D expenditure has a significant effect on patents and that development …
Persistent link: https://www.econbiz.de/10010298057
expenditure and development expenditure, due to data availability. However, in most industries only (applied) research will lead … to patentable knowledge, and development happens after the initial research phase that may have led to a patent. Instead … Belgian firms. It turns out that only the 'R' part of R&D expenditure has a significant effect on patents and that development …
Persistent link: https://www.econbiz.de/10005097519
The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to …
Persistent link: https://www.econbiz.de/10014506958
, investments increase off-net traffic from the investor’s network but also from competitors’ networks. Regulation changes the … functions. Testing for a common regulation-investment effect provides evidence that the negative investment externality is not … due to regulation. …
Persistent link: https://www.econbiz.de/10010299497
This paper considers the impact of European telecom regulation on the value of affected companies. Employing a … repeating ARGARCH model, I compare the effect of three types of regulation which are categorized based on the addressed subject …, i.e. cross-market, country-specific and company-specific regulation. While standard event study approaches are a special …
Persistent link: https://www.econbiz.de/10010303007