This paper analyzes M&A patterns of R&D projects in the antidiabetics industry. For this purpose, we construct a database with all corporate individual antidiabetics R&D projects over the period 1997 - 2017, and add detailed information on firms’ technology dimension using patent information, next to their position in product markets. This allows us to identify the identity of targets and acquirers ...
Prior literature finds stability in personal culture, such as attitudes and values, in individuals’ life courses using short-running panel data. This work has concluded that lasting change in personal culture is rare after formative early years. This conclusion conflicts with a growing body of evidence for changes in personal culture after significant life course transitions, drawing on long-running ...
Many sovereign defaults have occurred worldwide over the past 200 years. An analysis of 321 sovereign debt restructurings since 1815 shows that foreign private and institutional investor losses were 43 percent on average. Notably, beginning in the 1970s, several debt exchanges have increasingly been required to resolve a default. To understand this new phenomenon better, this Weekly Report looks at ...
Ambient social sexual behaviour at work refers to sexual jokes and conversations at the workplace. Prior cross-sectional studies indicate that this behaviour is relatively widespread and tends to be associated with negative well-being. We revisit this research by investigating the outcomes of sexual jokes and conversations at work after 1 year in a comparatively large employee sample. The perceived ...
Studie untersucht Gläubigerverluste durch 200 Zahlungsausfälle von Staaten seit 1815 - Investoren verloren bei Schuldenkrisen durchschnittlich 47 Prozent ihrer Forderungen durch Umschuldungen - Mit drei oder mehr Umschuldungen erleiden Gläubiger mit 60 Prozent sogar weitaus höhere Verluste - Schuldentragfähigkeitsanalysen könnten optimalen Schuldenschnitt bestimmen Je niedriger Schuldenschnitte bei ...
In den vergangenen 200 Jahren hat es weltweit viele Zahlungsausfälle von Staaten gegeben. Die Untersuchung von 321 Umschuldungsabkommen seit 1815 zeigt, dass Verluste von ausländischen privaten und institutionellen Investoren durchschnittlich 43 Prozent betrugen. Auffällig ist, dass es insbesondere seit den 1970er Jahren zunehmend mehrerer Umschuldungen bedurfte, um einen Zahlungsausfall nachhaltig ...
