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The impact of the financial crisis on investments in innovative firms
Giebel, Marek; Kraft, Kornelius - 2015
This paper investigates the impact of the financial crisis on investment decisions in innovative versus non … more likely to suffer from the financial crisis and to reduce their investment expenditures in general. To some extent … investment growth than non-innovative firms. …
Persistent link: https://www.econbiz.de/10011335977
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Coagglomeration and Growth
Bertinelli, Luisito; Barrios Cobos, Salvador; Strobl, Eric - 2003
We study the coagglomeration of domestic plants and foreign multinationals and the impact of this on domestic plant growth using data for Irish manufacturing. To this end we make use of the index developed by Ellison and Glaeser (1997) and find coagglomeration to be important for a number of...
Persistent link: https://www.econbiz.de/10010297290
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Returns and Volatility of Eurozone Energy Stocks
Oberndorfer, Ulrich - 2008
This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the … Eurozone. According to our results, the gas market does not play a role for the pricing of Eurozone energy stocks. However … strongly affect returns of the energy stock portfolios analyzed. While oil price hikes negatively impact on stock returns of …
Persistent link: https://www.econbiz.de/10010298026
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What Drives the Efficiency of Hard Coal Fuelled Electricity Generation? An Empirical Assessment
Voigt, Sebastian; Hoffmann, Tim - 2009
coal abundance or the accessibility of hard coal, respectively, the hard coal price, the level of foreign direct investment … as well as support for foreign investments are important means to foster energy efficiency. However, economic efficiency … - even if contrasting with energy efficiency - must not be neglected in the design of energy policies. …
Persistent link: https://www.econbiz.de/10010298728
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Do environmental benefits matter? A choice experiment among house owners in Germany
Achtnicht, Martin - 2010
Residential buildings strongly contribute to global CO2 emissions due to the high energy demand for electricity and … future climate policy, as its emissions are not covered by the EU ETS. We conducted a choice experiment concerning energy …
Persistent link: https://www.econbiz.de/10010302995
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Mean-risk hedging strategies in electricity markets with limited liquidity
Woll, Oliver - 2015
This article investigates mean risk hedging with respect to limited liquidity and studies the impact of different risk measures on the hedging strategies. For motivation and application purposes hedging in electricity markets is chosen, because the relevant hedging markets are characterized by...
Persistent link: https://www.econbiz.de/10011307509
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Bigger cakes with less ingredients? A comparison of material use of the world economy
Pothen, Frank; Schymura, Michael - 2014
The amount of materials used worldwide in production and consumption increased by 56 per cent from 1995 to 2008. Using an index decomposition analysis based on the logarithmic mean divisia index, we investigate the drivers of material use, both on a global and a country scale. We exploit a panel...
Persistent link: https://www.econbiz.de/10010368113
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Market liberalization: Price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent providers can price discriminate between searching and...
Persistent link: https://www.econbiz.de/10011917544
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Non-sequential search, competition and price dispersion in retail electricity
Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a direct measure of search intensity and combine this...
Persistent link: https://www.econbiz.de/10011447766
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The impact of carbon disclosure mandates on emissions and financial operating performance
Downar, Benedikt; Ernstberger, Jürgen; Reichelstein, Stefan - 2020
We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the...
Persistent link: https://www.econbiz.de/10012267471