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Refereed essays Web of Science
Foundational to management is the idea that organizational decisions are a function of expected outcomes; hence, the customary empirical approach to employ multivariate techniques that regress performance outcome variables on discrete measures of organizational choices (e.g., investments, trainings, strategies and other managerial decision variables) potentially suffer from self-selection based endogeneity ...
In:
Organizational Research Methods
19 (2016), 2, S. 286-347
| Joseph A. Clougherty, Tomaso Duso, Johannes Muck
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Refereed essays Web of Science
Well-being development at the end of life is often characterized by steep deteriorations, but individual differences in these terminal declines are substantial and not yet well understood. This study moved beyond typical consideration of health predictors and explored the role of social orientation and engagement. To do so, we used social variables at the behavioral level (self-ratings of social participation) ...
In:
Psychology and Aging
31 (2016), 2, S. 149-165
| Denis Gerstorf, Christiane A. Hoppmann, Corinna E. Löckenhoff, Frank J. Infurna, Jürgen Schupp, Gert G. Wagner
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Refereed essays Web of Science
Our study provides evidence for firms’ evaluation of location quality. We use a 2004 survey of 6,000 East German firms that contained questions on the importance and assessment of 15 different location factors ranging from closeness to customers and suppliers, transport infrastructure, and proximity to research institutions and universities, as well as questions about the local financial institutions ...
In:
Jahrbücher für Nationalökonomie und Statistik
236 (2016), 2, S. 241-273
| Alexander Eickelpasch, Georg Hirte, Andreas Stephan
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Refereed essays Web of Science
This study examines processes of language acquisition among new immigrants from Poland and Turkey in different European destinations focusing on the first few months after arrival. Starting from a human capital framework, a variety of pre- and post-migration conditions of language learning are addressed, including economic and non-economic incentives, the amount of exposure to the destination language ...
In:
Ethnicities
16 (2016), 2, S. 180-212
| Cornelia Kristen, Peter Mühlau, Diana Schacht
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Refereed essays Web of Science
To counteract the financial pressure emerging in aging societies, statutory pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This study examines the profitability of pension contributions against the background of this reform for cohorts 1935–1945. Internal rates of return (IRR) ...
In:
German Economic Review
17 (2016), 2, S. 206-233
| Holger Lüthen
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Refereed essays Web of Science
This paper empirically examines the role of diversification in export markets on firm-level R&D activities taking account of the potential endogeneity in this relationship. We show that geographical sales diversification across different regions of the world induces UK firms to increase their R&D expenditures, as firms must innovate and develop new products to maintain a competitive edge over their ...
In:
The Manchester School
84 (2016), 2, S. 197-221
| Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
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Refereed essays Web of Science
We discuss at the European example how power market design evolves with increasing shares of intermittent renewables. Short-term markets and system operation have to accommodate for the different needs of renewable and conventional generation assets and flexibility options. This can be achieved by pooling resources over larger geographic areas through common auction platforms, realizing the full flexibility ...
In:
The Energy Journal
37 (2016), SI2, S. 23-38
| Karsten Neuhoff, Sophia Wolter, Sebastian Schwenen
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Refereed essays Web of Science
We study the information in order flows in the world's largest over-the-counter market, the foreign exchange (FX) market. The analysis draws on a data set covering a broad cross-section of currencies and different customer segments of FX end-users. The results suggest that order flows are highly informative about future exchange rates and provide significant economic value. We also find that different ...
In:
The Journal of Finance
71 (2016), 2, S. 601-633
| Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
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Refereed essays Web of Science
This paper evaluates the price effects of the merger of two major U.K. book retailers. We use a dataset containing monthly scanner data on a sample of 200 books in 50 local markets for four years around the merger. We compare the price changes after the merger in shops located in areas where both chains were present before the merger and in areas where only one chain was present. We also investigate ...
In:
The Journal of Industrial Economics
64 (2016),1, S. 170-200
| Luca Aguzzoni, Elena Argentesi, Lorenzo Ciari, Tomaso Duso, Massimo Tognoni
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Refereed essays Web of Science
This paper analyzes whether individuals have equal opportunity to achieve happiness (or well-being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find high sibling correlations for all measures of well-being. The results suggest that family background explains, ...
In:
The B.E. Journal of Economic Analysis & Policy
16 (2016), 1, S. 125-149
| Daniel D. Schnitzlein, Christoph Wunder