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. The results show that realized investment ratios decreased in years when state elections occurred relative to the average … develop better before state elections and worse after state elections. The second part of this dissertation investigates how …
Persistent link: https://www.econbiz.de/10011698363
I investigate how political uncertainty influences corporate investment decisions employinga unique panel dataset of German manufacturing firms. I use data on firms’ self-reportedinvestment realizations, plans and revisions. The firm-specific user cost of capital capturesthe current...
Persistent link: https://www.econbiz.de/10011586862
efficiencyenhancing effect of elections at given institutional conditions. …
Persistent link: https://www.econbiz.de/10012793235
Florian Dorn prepared this study during his doctoral studies at the Ludwig-Maximilians University of Munich (LMU). The study was completed in September 2020 and accepted as doctoral thesis by the Department of Economics. This dissertation contributes to the empirics of public economics and...
Persistent link: https://www.econbiz.de/10013164116
than in other years, indicating that perceived corruption in the public sector increased before elections. The effect is … especially pronounced before early elections (1.0 points) compared to regular elections (0.4 points). Future research needs to … investigate why perceived corruption in the public sector increased before elections. …
Persistent link: https://www.econbiz.de/10011956680
I examine whether elections influence perceived corruption in the public sector. Perceived corruption in the public … perceived corruption in the public sector increased before elections. The effect is especially pronounced before early elections … (1.0 points) compared to regular elections (0.4 points). Future research needs to investigate why perceived corruption in …
Persistent link: https://www.econbiz.de/10011957209
Using six waves of the Swedish National Election Studies (SNES) survey data, we investigate the determinants of attitudes towards globalization barriers (trade and immigration) and how important these attitudes are in how people vote. In line with the existing results in the literature, we find...
Persistent link: https://www.econbiz.de/10012657942
This paper studies a new aspect of firms’ expectation formation by asking whether expectations primarily reflect aggregate, industry-wide information (e.g., industry trends) or disaggregate information (e.g., firm-specific information). First, we show that disaggregate information is strongly...
Persistent link: https://www.econbiz.de/10011777633
In this short note, we use data from different elections in the German state of North-Rhine Westphalia between 1975 and … contribution is the comparison of municipal and state elections. …
Persistent link: https://www.econbiz.de/10010501783
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...
Persistent link: https://www.econbiz.de/10011604393