Despite the importance of intellectual capital (IC), accounting standards are conservative concerning the capitalization of IC as assets. Thus, intangible-intensive firms disclose additional IC information, e.g. in their annual reports. The market-to-book value (MBV) ratio is regarded as an...

Until recently, it was unclear whether goodwill or intangible assets are a possible consideration for newly issued stocks according to Swiss Joint Stock Corporations Law. This is especially problematic because Swiss Corporations law has a nominal capital approach under which it is generally...

In this paper, we investigate the externalities related to hydraulic fracturing (‘hydrofracking') in Germany, based on a detailed analysis of hydrofracking risks and potentials, and a stylized social welfare analysis related to adverse impacts of unconventional gas production on both surface...

As a result of the Russian attack on Ukraine, natural gas prices skyrocketed in 2022 and Germany in particular felt the impact of its strong dependency on Russia. Prices have since relaxed, the European natural gas industry has overcome the uncertainty due to the energy crisis in 2022, and the...

Die Sicherung von strategischen mineralischen Rohstoffen ist für die wirtschaftliche Wettbewerbsfähigkeit, insbesondere in Deutschland, von besonderer Bedeutung. Der Beitrag hebt die Abhängigkeit von Importen hervor, die zu einer Abhängigkeit von rohstoffreichen Ländern führt. Es werden...

Seit 2021 steigen die Energiepreise kräftig an. Mit Beginn des russischen Kriegs gegen die Ukraine sind sie noch einmal in die Höhe geschnellt. Neben Lieferkettenstörungen und Exportrückgängen dämpft das die wirtschaftliche Entwicklung, Konjunkturprognosen wurden deutlich nach unten...

The so-called traffic light coalition is facing a challenge: it has set ambitious energy policy targets, but can only achieve them if the pace of the energy transition is increased significantly. To contribute to the current energy policy debate, the Ampel-Monitor Energiewende (Monitor of the...

This paper focuses on decentralized energy in Germany and how households' environmental behavior in terms of energy consumption is shaped in these contexts. It sets out to gain a more precise understanding of whether decentralized energy initiatives are a good tool to promote the adoption of...

The German energy transition repeatedly faces harsh critiques questioning its economic and environmental merit. This article defends the Energiewende and argues that Germany has chosen a rational and particularly forceful approach to securing sustainable energy supply. Though current...

The Fukushima Daiichi accident in Japan in March 2011 caused a fundamental change in Germany's energy policy which led to the immediate shut down of nearly half of its nuclear power plants. This paper uses data from Germany's largest internet platform for real estate to investigate the effect of...