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In this paper I investigate whether the use of foreign exchange (FX) derivatives adds value to German firms, which together make up one of the major export economies in the world. I analyze a unique, hand-collected dataset that includes information on the use of FX derivatives by 391 firms...
Persistent link: https://www.econbiz.de/10011849346
We analyze the relationship between board-level codetermination and shareholder value. We use a unique dataset of listed German companies that enables us to identify heterogeneous aspects of codetermination and overcome otherwise common identification issues. We find that codetermination reduces...
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Firms in younger labor markets produce more innovation. We establish this by instrumenting the current labor force with … unobservable heterogeneity across local labor markets and firms, life cycles, and other effects. Corporate innovation in younger … as a group – inventors interacting with non-inventors – produce more innovation for firms through the labor supply …
Persistent link: https://www.econbiz.de/10012106138
We analyze the interactions between different renewable support schemes and the benefits of real-time pricing (RTP) using a stylized economic model with a detailed demand-side representation calibrated to the German market. We find that there are considerable differences between a market premium...
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