The impact of environmental innovations on firm performance is ambiguous. On the one hand, regulatory-driven environmental innovation may impose additional costs to firms and lower their profits. On the other hand, eco-innovators could profit from lower uncertainty in innovation due to...

This paper examines the determinants of mergers and bankruptcies, using firm level data from the Swiss Business Census and the Dun & Bradstreet exit database for Switzerland (1995-2000). Employing duration analysis, we find considerable differences in the determinants of mergers and...

Fusionen von Genossenschaftsbanken haben in den vergangenen Jahren im genossenschaftlichen Finanzverbund große Bedeutung erlangt. Dies wird von den beiden IfG-Mitarbeitern Dirk Lamprecht und Christian Strothmann zum Anlass genommen, sich grundsätzlich mit den Bewertungsmethoden bei...

Motivated by the recent discussion of the declining importance of deposits as banks' major source of funding we investigate which factors determine funding costs at local banks. Using a panel data set of more than 800 German local savings and cooperative banks for the period from 1998 to 2004 we...

Several top deals already closed, a still highly fragmented industry and strong pressure for further consolidation following the financial crisis - renewable energy certainly has become a red-hot topic in M&A. Surveying 220 companies in the solar photovoltaic, utility and financial sector as...

This study updates and expands the reviews of empirical studies on training transfer published by Salas and Cannon-Bowers (2001), Cheng and Ho (2001) and Cheng and Hampson (2008). The authors identified 58 empirical studies since 1998 and integrate all transfer variables that have been subject...

For power-plant investments, utilities rely after liberalisation on private financial markets, which are in general distorted. The (related) split of social and private time-preference rates provides a new reason for a welfare-enhancing policy intervention, complementary to environmental policy...

We investigate the role rates of return and rates of asset price decline play in explaining sources of productivity growth in the context of a growth accounting approach. Our analysis is based on data from the EU KLEMS database for seven countries in the period of 1990 - 2007. We introduce a...