High growth firms are high on the policy agenda as empirical evidence consistently shows that they disproportionately contribute to economic growth via net job creation. Several innovation scholars analyze how high growth entrepreneurship responds to the local enabling environment, such as institutional and framework conditions. However, the majority of these studies look at the role of formal...
The Frankfurt School – UNEP Collaborating Centre, the German Institute for Economic Research, and Justus-Liebig-University Gießen jointly conduct research on scenario analysis as a tool on the path to climate neutrality. The three-year project SATISFY will produce insights into how investors, firms, and regulators can use scenario analysis in the climate transformation of business models in carbon...
How does online advertising affect consumer behaviour, product pricing and competition? To analyse this, I develop a theory of digital markets where an intermediary provides a platform for firms to advertise their product and where consumers need to engage in costly search if they want to learn about the product characteristics. First, I show that when prices are observable...
Diese Dissertation besteht aus drei Aufsätzen, die die Rolle unterschiedlichester Arten von finanziellen Friktionen sowohl auf Firmenseite, als auch auf Bankenseite, für die Übertragung von finanziellen Schocks und Geldpolitik analysieren. Im ersten Aufsatz, "Firm Heterogeneity and the Capital Market", studiere ich welche Art von Finanzbeschränkungen der Firmen für die Übertragung von Kapitalmarktfinanzierungsschocks, ...
Do politically administered mass layoffs undermine trust and political interest? During the German reunification, formerly state-owned socialist firms in East Germany were privatized by the Treuhand, which came at the cost of massive job losses and public protest. I demonstrate that these activities had a detrimental effect on attitudes and political behavior of the affected individuals. Using survey ...