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Payout Policy and Owners? Interests: Evidence from German Savings Banks

Kleff, Volker; Weber, Martin - 2005

The savings banks? decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly exhausted. In this study we examine the determinants of the savings banks? payout...

Persistent link: https://www.econbiz.de/10010297471

Capital policy of German savings banks: a survey

Kleff, Volker - 2005

In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks? target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...

Persistent link: https://www.econbiz.de/10010297475

Efficient Revenue Sharing and Upper Level Governments: Theory and Application to Germany

Buettner, Thiess; Hauptmeier, Sebastian; Schwager, Robert - 2006

in Germany. The results suggest that attempts of state level governments to extract fiscal resources from the local …

Persistent link: https://www.econbiz.de/10010297521

Industry-level wage bargaining : a partial rehabilitation ; the German experience

Fitzenberger, Bernd; Franz, Wolfgang - 1999

In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be …

Persistent link: https://www.econbiz.de/10010297632

Wage rigidities in Western Germany? Microeconometric evidence from the 1990s

Puhani, Patrick A. - 2001

This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...

Persistent link: https://www.econbiz.de/10010297774

Empirical evidence on the success of R&D co-operation: Happy together?

Aschhoff, Birgit; Schmidt, Tobias - 2006

In this paper we analyse the effect of R&D co-operation on firms? innovation performance. We investigate the effect of past co-operation on current sales of innovative products, distinguishing between products new to the firm and new to the market, and on cost reductions due to innovative...

Persistent link: https://www.econbiz.de/10010297830

Intergovernmental grants and public input provision: theory and evidence from Germany

Hauptmeier, Sebastian - 2007

This paper uses a simple model of fiscal competition between local jurisdictions to analyse the impact of intergovernmental grants on the composition of public spending. We find that a higher degree of redistribution within a system of ?fiscal equalisation? coincides with a smaller overall share...

Persistent link: https://www.econbiz.de/10010297872

Forecasting economic activity in Germany: how useful are sentiment indicators?

Schröder, Michael; Hüfner, Felix P. - 2002

We analyze four economic sentiment indicators for the German economy regarding their ability to forecast economic activity. Using cross correlations and Granger causality tests we find that the ifo business expectations (ifo), the Purchasing Managers Index (PMI) and the ZEW Indicator of Economic...

Persistent link: https://www.econbiz.de/10010297904

Earnings Prospects for People with Migration Background in Germany

Aldashev, Alisher; Gernandt, Johannes; Thomsen, Stephan L. - 2007

Less than half of the people with migration background living in Germany possess foreign citizenship. Hence, using … Germany lead to better earnings prospects compared to degrees obtained abroad for persons with migration background …. Independently of gender and skill level, the estimates affirm higher earnings to educational attainment in Germany. …

Persistent link: https://www.econbiz.de/10010297911

On the Definition of Unemployment and its Implementation in Register Data: The Case of Germany

Kruppe, Thomas; Müller, Eva; Wichert, Laura; Wilke, Ralf A. - 2007

Unemployment information in individual level register data depends on institutional settings, administrative procedures and which registers are merged. In this paper we suggest different implementation strategies for common international and German legal unemployment definitions for the Sample...

Persistent link: https://www.econbiz.de/10010297924