This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across countries. We discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership...

Die vielfältigen Formen der europäischen Mehrebenenverwaltung zeigen eine zunehmende "Zerfaserung" des Staates durch Funktionsverlagerungen auf die europäische Ebene, auf transnational wirkende andere Mitgliedstaaten und auf die Ebene gesellschaftlicher Selbstorganisation. Zugleich sind neue...

Several reviews and impact assessment studies have concluded that the Sixth Framework Programme for Research and Technological Development (FP6) succeeded in fostering scientific excellence and attracting the 'A Team' in public science. However, these studies typically fail to contrast their...

The paper examines the role of discourse in supporting firm's decisions to relocate and how main actors influence such discourse. If there is uncertainty about the general functioning of the economy, discourse is the place where ideas and paradigms, and possible options of behavior, are created....

This paper analyzes the patenting decision of a successful inventor in a model of dynamic technology adoption with asymmetric firms. We show that the extent of the inventor's technological headstart is decisive for his patenting behavior. The overall patenting effect consists of two parts, a...

The paper analyzes the impact of in investor capital gains taxation on corporate leverage of Austrian corporations. We conduct our analyses for a unique sample of Austrian firms, including a large part of non-listed corporations. By means of regression analyses we show that the capital gains tax...

Residential buildings strongly contribute to global CO2 emissions due to the high energy demand for electricity and heating, particularly in industrialised countries. Within the EU, decentralised heat generation is of particular relevance for future climate policy, as its emissions are not...

Dieses Diskussionspapier beschäftigt sich mit bestehenden Ansätzen, "Good Governance" auf lokaler Ebene zu konzeptualisieren und zu operationalisieren. Es möchte damit einen Beitrag zur Diskussion um die Anwendbarkeit und den praktischen Wert von derlei Ansätzen leisten. Sein Ziel ist es...

Objectives: We examine decision factors of family firm owners for hiring a non-family Chief Financial Officer (CFO). We explore the perceptions of family firm owners towards external managers by analyzing how their family-specific and company-specific goals relate to the employment of a...