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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 negative impact in Eastern Germany. We also consider future …
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World Cup finals were the first mega-event hosted by reunified Germany. We use this landmark event in German contemporary … history to investigate how the integration of the two parts of Germany progressed after 18 years of reunification. We still …
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; public opinion poll ; PAYG pension system ; East Germany …
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Exports, micro data, West Germany, East Germany …
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