In recent years, the phenomenon of common ownership by institutional investors has sparked considerable debate among scholars about its impact on competition and companies’ corporate governance. This study analyses some specific features of common ownership by institutional investors in the European banking sector. It also examines closely the tension between competition policy and corporate governance ...
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse effects of product market rivalry are ...
Vor fünf Jahren erreichte die Fluchtzuwanderung nach Deutschland ihren Höhepunkt. Bei der Integration von nach Deutschland Geflüchteten wurde bereits viel erreicht. Das DIW Berlin blickt auf Grundlage eigener Datenerhebungen auf die bislang erzielten Erfolge und weiter bestehende Herausforderungen: Welche Erwartungen hatten Geflüchtete an ihre Erwerbstätigkeit und haben...
In line with the Social Investment Principle, becoming a parent should lead to more mature behavior and an increase in conscientiousness, agreeableness, and emotional stability. However, previous research provided mixed results that do not support this idea. Here, we used data from a nationally representative household panel study from Germany (N = 19,875) to examine whether becoming a parent relates ...
Offizielle Statistiken beschönigen die Armutsgefährdung von Kindern in Deutschland. Auch weil sie sich immer nur auf einen Zeitpunkt beziehen. Jedes fünfte Kind in Deutschland ist zurzeit von Armut bedroht, jedes dritte Kind macht diese Erfahrung früher oder später. Dies sind zwei der zentralen Resultate einer Studie der Bertelsmann Stiftung zum Thema Kinderarmut. Trotz des ...
We fit CES and VES production functions to data from a numerical bottom-up optimization model of electricity supply with clean and dirty inputs. This approach allows for studying high shares of clean energy not observable today and for isolating mechanisms that impact the elasticity of substitution between clean and dirty energy. Central results show that (i) dirty inputs are not essential for production. ...
When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in substitutability between “clean” and “dirty” energy inputs. Instead, they rely on the assumption that efficiency with respect to fossil fuels can be increased perpetually. However, this is not in line with observed firm investment behavior and the limits to efficiency imposed by thermodynamic ...
