This paper explores the presence of an environmental, social, and governance (ESG) premium for firms operating in the energy, utilities, and basic materials sectors. Specifically, we examine the influence of ESG performance on firms’ cost of capital in both debt and equity markets. We apply a measure of the ex ante implied cost of equity and the cost of debt to a global sample of over 24,000 firm-year ...
„Die Erdöl-Erpressung“ titelte der SPIEGEL am 3.11.1973. „Holland ohne Benzin“ stand in schwarz auf gelber Schrift daneben. Das Cover des Nachrichtenmagazins zeigte einen bewaffneten Kämpfer auf einer Pipeline sitzend. Zwei Wochen später zierte der Spiegel-Titel eine klassische arabische Kopfbedeckung und die Zeile „Ölscheichs gegen Europa“. Ähnlich drastisch berichteten viele Medien in Deutschland. ...
Even now, 35 years after German unification, the economic power and fiscal capacity of the eastern German federal states remain below average. In Germany’s system of fiscal federalism, this leads to substantial financial transfers, a fact that repeatedly triggers political debate. Thereby, the low tax revenue of the economically weak states is also a consequence of the tax system—and by no means a ...
In 1991, the average labor productivity of the then-new federal states (plus West Berlin) only reached nearly half of the total national productivity level. Since then, the average labor productivity of these states has climbed up to nearly 90 percent. However, the ranking of the individual states has barely changed: Hamburg and the southern German states are still at the top, while most eastern German ...
The Electronic Journals Library, coordinated by the Regensburg University Library, is a cooperative library service with the goal of offering its users easy and convenient access to electronic journals. It contains more than 120,000 titles across all subject areas, with more than 85,000 journals freely accessible in full text (as of October 2025). The access options to the full texts are indicated ...
Der DIW Wochenbericht gehört zu den wichtigsten Publikationen des DIW Berlin und ist ein zentrales Instrument, um die wissenschaftlichen Ergebnisse des Hauses einer breiten Öffentlichkeit zugänglich zu machen. Die Chefredaktion des Wochenberichts vereint dabei wissenschaftliche Expertise und journalistische Kompetenz: Kristina van Deuverden und Pio Baake bringen als Wissenschaftler*innen ihre Fachkenntnis ...
