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727 results, from 91
  • SOEPpapers 1175 / 2022

    Trust We Lost: The Impact of the Treuhand Experience on Political Alienation in East Germany

    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 ...

    2022| Kim Leonie Kellermann
  • Diskussionspapiere 2019 / 2022

    Green Bonds’ Reputation Effect and Its Impact on the Financing Costs of the Real Estate Sector

    This paper explores the effect of a firm’s reputation of being a green bond issuer on its financing costs. Using a sample of 73 listed Swedish real estate companies issuing in total about 1500 bonds over the period from 2011 till 2021, difference-in-difference analyses and instrumental variable estimations are applied to identify the causal impact of frequent green vis-à-vis frequent non-green bond ...

    2022| Aleksandar Petreski, Dorothea Schäfer, Andreas Stephan
  • Refereed essays Web of Science

    Emergency-Aid for Self-employed in the Covid-19 Pandemic: A Flash in the Pan?

    The self-employed faced strong income losses during the Covid-19 pandemic. Many governments introduced programs to financially support the self-employed during the pandemic, including Germany. The German Ministry for Economic Affairs announced a €50bn emergency-aid program in March 2020, offering one-off lump-sum payments of up to €15,000 to those facing substantial revenue declines. By reassuring ...

    In: Journal of Economic Psychology 93 (2022), 102567, 16 S. | Joern Block, Alexander S. Kritikos, Maximilian Priem, Caroline Stiel
  • Diskussionspapiere 2018 / 2022

    German Financial State Aid during COVID-19 Pandemic: Higher Impact among Digitalized Self-Employed

    In response to strong revenue and income losses that a large share of the self-employed faced during the COVID-19 pandemic, the German federal government introduced a €50bn emergency aid program. Based on real-time online-survey data comprising more than 20,000 observations, we analyze the impact of this program on the subjective survival probability. In particular, we investigate how the digitalization ...

    2022| Irene Bertschek, Joern Block, Alexander S. Kritikos, Caroline Stiel
  • Refereed essays Web of Science

    Cost and Productivity Effects of Demographic Changes on Local Water Service

    We investigate the impact of demographic changes on local public services taking the case of water service. We apply a structural production function approach to a large panel of German water utilities between 2003 and 2014. Exploring variation of population density and the population age structure across service areas and over time, we provide evidence that demographics and their changes significantly ...

    In: Utilities Policy 79 (2022), 101435, 17 S. | Astrid Cullmann, Caroline Stiel
  • Diskussionspapiere 2015 / 2022

    Common Ownership: Europe vs. the US

    Common ownership - when an investor holds shares in two or more companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership with micro-economic ...

    2022| Nuria Boot, Jo Seldeslachts, Albert Banal Estanol
  • Externe Monographien

    A Lasting Crisis Affects R&D Decisions of Smaller Firms: The Greek Experience

    We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the ...

    Potsdam: CEPA, 2022, 23 S.
    (CEPA Discussion Papers ; 49)
    | Ioannis Giotopoulos, Alexander S. Kritikos, Aggelos Tsakanikas
  • Externe Monographien

    A Lasting Crisis Affects R&D Decisions of Smaller Firms: The Greek Experience

    We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the ...

    2022, 23 S.
    (GLO Discussion Paper Series ; 1122)
    | Ioannis Giotopoulos, Alexander S. Kritikos, Aggelos Tsakanikas
  • Externe Monographien

    Personality and Entrepreneurship

    Does personality matter? Is an individual who is open to experience more or less likely to become an entrepreneur? Is it better to score low or high in agreeableness for surviving as an entrepreneur? To the extent that personality captures one part of entrepreneurial abilities, which are usually unobservable, the analysis of traits and personality characteristics helps better understanding such abilities. ...

    2022, 17 S.
    (GLO Discussion Paper Series ; 1137)
    | Alexander S. Kritikos
  • Diskussionspapiere 2010 / 2022

    The Costs of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy

    Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price increase. Low-income households pay at the median 11.70 percent of their equivalent income on gas bills, ...

    2022| Mats Kröger, Maximilian Longmuir, Karsten Neuhoff, Franziska Schütze
727 results, from 91
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