We analyse the relationship between subjective wellbeing (SWB) and the World Bank's measure of a country's economic sustainability, adjusted net savings (ANS). We model SWB at individual level and at aggregated group level as a function of past ANS levels, after controlling for a country's...

We document the reversal of privatization in China—local governments re-possessing ownership stakes in a quarter of previously privatized firms from 1998–2007. Privatized firms are ‘renationalized' to ease the burden of unemployment in local labor markets. Firms located in provinces with a...

We document reversals of privatization in China—local governments re-possessing ownership stakes in a quarter of previously privatized firms during 1998–2007, a period when the privatization process was still ongoing. This type of ownership restructuring helped ease the unemployment burden...

Purpose: The purpose of the paper is to offer a comparative analysis of the development of small enterprises in Greece and Poland in the period just after global financial crisis which turned into an economic and social crisis for some countries, as the Greek example. The paper aims to discuss...

During times of high economic policy uncertainty, domestic banks increase cross- border syndicated lending. We control for credit demand by including time-varying borrower country fixed effects in our regressions. The credit migration effects are strongest for banks with diverse income, and when...

The main characteristic of the transition from a planned to a market economy in Russia has been the barter economy. Firms are using non-monetary transactions as a result of the scarcity of the means of payment and as a means to avoid taxes and reduce fiscal obligations. The barter economy is a...

Die sogenannte Ministererlaubnis als Teil der deutschen Fusionskontrolle repräsentiert wahrscheinlich das umstrittenste Instrument sowohl in der juristischen als auch in der ökonomischen Fachdiskussion. Vereinfachend ausgedrückt ermöglicht die Ministererlaubnis dem Bundeswirtschaftsminister,...