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988 results, from 1
  • Externe Monographien

    Access to digital finances: Equity Crowdfunding across Countries and Platforms

    Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount of money raised per pitch. We examine heterogeneity in the average amount raised per pitch that is associated ...

    Potsdam: CEPA, 2024, 27 S.
    (CEPA Discussion Papers ; 72)
    | Saul Estrin, Susanna Khavul, Alexander S. Kritikos, Jonas Löher
  • Refereed essays Web of Science

    Testing Marx: Capital Accumulation, Income Inequality, and Socialism in Late Nineteenth-Century Germany

    We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based on new panel data for Prussian regions, we re-evaluate the famous Revisionism Debate between orthodox Marxists and their critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted by orthodox Marxists. But against their ...

    In: The Review of Economics and Statistics (2024), im Ersch. [online first: 2023-03-15] | Charlotte Bartels, Felix Kersting, Nikolaus Wolf
  • Diskussionspapiere 2071 / 2024

    Buyer Power and the Effect of Vertical Integration on Innovation

    Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer( s) and the retailer bargain over non-linear contracts before selling to consumers. We show that vertical integration always increases the incentives ...

    2024| Claire Chambolle, Morgane Guignard
  • DIW Weekly Report 1/2 / 2024

    Decline in Nominal Construction Volume Expected for the First Time since the Financial Crisis; Residential Construction Situation Worsening

    High construction prices and worsened financing conditions are weighing on the construction industry, especially build-ing construction. Despite a nominal increase of six percent in construction expenses in 2023, it decreased by just over one percent in inflation-adjusted terms. In 2024, the nominal construction volume is likely to contract by around 3.5 percent, declining for the first time since ...

    2024| Martin Gornig, Laura Pagenhardt
  • Refereed essays Web of Science

    Global Risk and the Dollar

    The dollar is a safe-haven currency and appreciates when global risk goes up. We investigate the dollar’s role for the transmission of global risk to the world economy within a Bayesian proxy structural vector autoregressive model. We identify global risk shocks using high-frequency asset-price surprises around narratively selected events. Global risk shocks appreciate the dollar, induce tighter global ...

    In: Journal of Monetary Economics (2024), im Ersch. [online first: 2024-01-11] | Georgios Georgiadis, Gernot J. Müller, Ben Schumann
  • Diskussionspapiere 2067 / 2024

    The Non-linear Impact of Risk Tolerance on Entrepreneurial Profit and Business Survival

    Entrepreneurs tend to be risk tolerant but is more risk tolerance always better? In a sample of about 2,100 small businesses, we find an inverted U-shaped relation between risk tolerance and profitability. This relationship holds in a simple bilateral regression and also when we control for a large set of individual and business characteristics. Apparently, one major transmission goes from risk tolerance ...

    2024| Melanie Koch, Lukas Menkhoff
  • Refereed essays Web of Science

    Where Do They Care? The ECB in the Media and Inflation Expectations

    This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, we measure the impact of ECB-related inflation news on inflation expectations. Our results indicate that German and Italian consumers are more attentive to this news, whereas in Spain ...

    In: Applied Economics Letters (2024), im Ersch. [Online first: 2023-12-13] | Vegard Høghaug Larsen, Nicolò Maffei-Faccioli, Laura Pagenhardt
  • Refereed essays Web of Science

    Risk Preference and Entrepreneurial Investment at the Top of the Wealth Distribution

    This study quantifies the distributional effects of the minimum wage introduced in Germany in 2015. Using detailed Socio-Economic Panel survey data, we assess changes in the hourly wages, working hours, and monthly wages of employees who were entitled to be paid the minimum wage. We employ a difference-in-differences analysis, exploiting regional variation in the “bite” of the minimum wage. At the ...

    In: Empirical Economics (2024), im Ersch. [Online first: 2023-08-01] | Frank M. Fossen, Johannes König, Carsten Schröder
  • Refereed essays Web of Science

    The EU Sustainable Finance Taxonomy and Its Contribution to Climate Neutrality

    The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80% of EU greenhouse gas emissions and may play an important role in channelling investments into low-carbon technologies by helping investors to make informed decisions. However, especially in transition sectors much depends on the stringency ...

    In: Journal of Sustainable Finance & Investment 14 (2024), 1, S. 128–160 | Franziska Schütze, Jan Stede
  • Press Release

    Joint Economic Forecast: Purchasing power returns ‒ political uncertainty high

    According to the Joint Economic Forecast, Germany's gross domestic product declines by 0.6% in 2023. This is a strong downward revision of 0.9 percentage points from the forecast made in spring 2023. "The most important reason for this revision is that industry and private con­sumption are recovering more slowly than we expected in spring," says Oliver Holtemöller, Vice President and Head of the Macroeconomics ...

    28.09.2023
988 results, from 1
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