We evaluate the impact of M&A activity on the growth of R&D spending and R&D intensity of 265 acquiring firms and 133 merger targets between 1990 and 2009. We use different matching techniques to construct separate control groups for acquirers and targets and use appropriate difference-in-difference estimation methods to single out the causal effect of mergers on R&D growth and intensity. We find that ...
Project Group Joint Economic Forecast Completed in Essen on 15 October 2013 Economy Picking Up – Put Budget Surpluses To Good Use The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income prospects. Real gross domestic ...
The poor and the unemployed are politically less interested and active than persons above the poverty line and the working population. Compared to other European democracies, Germany shows above-average levels of inequality of political participation. Data from the German Socio-economic Panel Study (SOEP) suggest that this inequality has been increasing in the past three decades. The data also indicate ...
In the case of collective redundancies, employers are forced to regard certain characteristics when deciding who is going to be dismissed. This paper develops a procedure to derive an empirical based weighting scheme between the characteristics relevant for this selection (age, disability, dependencies and tenure). First, panel data from the German Socio-Economic Panel (SOEP) for the years 1991-2010 ...
