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Mit dem 2005 novellierten Energiewirtschaftsgesetz wurde in Deutschland eine staatliche Regulierung der Energienetze eingeführt, die einen diskriminierungsfreien Netzzugang und eine zunächst kostenorientierte Entgeltbindung vorsieht. Wie schon in vielen anderen Ländern soll künftig auch hier...
Persistent link: https://www.econbiz.de/10010377784
The German energy transition massively alters the market structure of electricity supply and forces incumbent electric utilities to rethink their business strategies. We analyze three main developments that undermine the former market dominance of the “Big 4” incumbents in Germany. First,...
Persistent link: https://www.econbiz.de/10011450933
employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the … regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks …-distressed mergers have worse CAMEL profiles than our control group. In fact, non-distressed mergers may be motivated by the desire to …
Persistent link: https://www.econbiz.de/10010295902
After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate the relationship between executive pay and performance...
Persistent link: https://www.econbiz.de/10010276427
terms of mergers and acquisitions, resulting in a decreasing number of hospital owners. In this study, I examine the ex …
Persistent link: https://www.econbiz.de/10010437504
243 mergers, we analyze motives for and cost effects of small-scale mergers in German banking. Estimating a frontier cost … if the merged unit closes part of the former branch network. When we compare actual mergers to a simulation of … hypothetical mergers, size effects of observed mergers turn out to be slightly more favorable than for all possible mergers. Banks …
Persistent link: https://www.econbiz.de/10009781750
Persistent link: https://www.econbiz.de/10012307709
After earlier waves of privatization, local governments have increasingly taken back control of local service provisions in some sectors and countries and, instead, started providing those services themselves (reverse privatization). Using a unique panel data set on the mode of service provision...
Persistent link: https://www.econbiz.de/10011824932
Persistent link: https://www.econbiz.de/10011802936
We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year …-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational … outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
Persistent link: https://www.econbiz.de/10010468154