Accounting-based profit distribution restrictions have been a key issue of the EU's company law harmonisation efforts. At present, the concept of creditor protection via the maintenance of a minimum level of nominal capital is challenged in several respects: (i) With its recent rulings, the...

Diese Arbeit soll einen ersten Einblick in die Sanktionsinstrumente Sperrzeit und Säumniszeit für Leistungsempfänger der Bundesanstalt für Arbeit geben. Die Forschung basiert auf umfangreichen Individualdatensätzen der Bundesanstalt für Arbeit, der IAB-Beschäftigtenstichprobe und...

In this paper, human capital investments are evaluated by assuming heterogeneous returns to education. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...