Only recently have the aspects of pollution and environmental protection entered into the empirical literature about international firm activities. The present paper is the first firmlevel study on the link between foreign ownership and environmental protection in Germany. We find that, ceteris...

The proposal to amend Council Directive 2011/85/EU on the EU budgetary framework may result in changes in the role of environmental sustainability and explicitly the role of green budgeting in decision-making processes. While this topic is still in its infancy in Germany compared to other EU...

In den Diskussionen über die Gemeinsame Agrarpolitik nach 2013 nimmt die Honorierung nicht marktgängiger gesellschaftlicher Leistungen der Landwirtschaft eine zentrale Rolle ein. Unterschiedliche Ansichten bestehen darüber, was unter diesen Leistungen genau zu verstehen ist und wie sie...

Only recently have the aspects of pollution and environmental protection entered into the empirical literature about international firm activities. The present paper is the first firmlevel study on the link between foreign ownership and environmental protection in Germany. We find that, ceteris...

We develop a comprehensive wealth index for cities that measures their endowment with environmental, energy, social, human, and economic capital stocks. We apply this index to the 100 largest autonomous cities in Germany. We find that (i) a good economic performance does not need to come at the...

Action 5 of the EU 2020 Biodiversity Strategy explicitly mentions that member states will map and assess the state of ecosystems and their services in their national territory by 2014 with the assistance of the Commission. Access to urban green is a key contributor to social and ecological...

This paper empirically analyzes the effect of the inclusion of German corporations in the Dow Jones STOXX Sustainability Index (DJSI STOXX) and the Dow Jones Sustainability World Index (DJSI World) on stock performance. In order to receive robust estimation results, we apply an event study...

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices. We assume that the certificate price is...

As part of the sustainable energy transition in Germany, substantial investments into power grid infrastructure are planned. They are intended to provide flexibility to an electricity system increasingly relying on variable renewable energy sources, and on European interconnection. The...