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Zwei politische Schwergewichte aus Ostdeutschland und Westdeutschland legen gemeinsam eine Streitschrift vor. Sie argumentieren gegen die zurzeit häufig vorgebrachte Behauptung, die Deutsche Einheit sei gescheitert, weil sie eine gespaltene Gesellschaft hinterlassen habe. In ihrem Buch zeigen...
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This paper reviews the market reaction to bank rescue packages announced in six countries between October 2008 and … shareholders as seen in the movement of bank stock prices. Government interventions benefited creditors at the expense of … shareholders, with bank CDS spreads narrowing around the announcements in all cases. Despite a brief positive reaction, bank stock …
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In this paper, we study the effectiveness of environmental information disclosure as a regulatory instrument. In particular we analyze its impact when environmental regulation is already advanced. Using German stock market data, we are able to identify the impact of the European Pollutant...
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