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Direct, Spillover and Welfare Effects of Regional Firm Subsidies

Scaling up of SMEs

The project seeks to identify the share of productive and fast-growing firms in the economy, their characteristics such as sector, location (urban/rural, low-density, high-density, etc.), size and age since formation, and their growth performance. Furthermore, it will be analyzed - as far as the data situation allows - which factors contribute to the success.

Remunicipalization, Corporatization, and Outsourcing: The Performance of Public-Sector Firms after Reorganization

This article investigates the impact of reorganization on productivity within public-sector firms addressing the owners' composition, the board-management relationship, and the management's decision to outsource activities. Considering a large panel of 2,325 German municipally owned utilities between 2003 and 2014, firm-level productivity is estimated based on a control function approach. Contrary ...

The Influence of Start-up Motivation on Entrepreneurial Performance

Predicting entrepreneurial development based on individual and business-related characteristics is a key objective of entrepreneurship research. In this context, we investigate whether the motives of becoming an entrepreneur influence the subsequent entrepreneurial development. In our analysis, we examine a broad range of business outcomes including survival and income, as well as job creation, expansion ...

Three Essays on the Role of Financial Frictions in Macroeconomics

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, ...

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 ...

Revisiting the Relatedness Hypothesis: The Impact of Merger Relatedness on Acquiring and Rival Firm Value  

Indikatorensystem zur technologischen Leistungsfähigkeit Deutschlands

The Influence of Start-Up Motivation on Entrepreneurial Performance

Predicting entrepreneurial development based on individual and business-related characteristics is a key objective of entrepreneurship research. In this context, we investigate whether the motives of becoming an entrepreneur influence the subsequent entrepreneurial development. In our analysis, we examine a broad range of business outcomes including survival and income, as well as job creation, and ...

On the relation between trade and democratization

Whether trade can achieve societal change is a contested topic and difficult to investigate. This round-up aims at summarizing recent empirical research on this topic while focusing on democracy and democratization as an important part of societal change. No robust results for change arising from trade can be found, but there exists an inverse causality, i.e., democratization leading to more trade...