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727 results, from 1
  • Brown Bag Seminar Industrial Economics

    Local Currency Pricing by Firms: Evidence from China’s Renminbi (RMB) Reforms

    This paper examines the impact of RMB internationalization reforms on invoicing currency choices of firms exporting to China. Using detailed French customs data spanning 2011-2017, it documents three novel stylized facts on RMB adoption and suggests a novel mechanism that drives the self-selection of firms into RMB invoicing. Additionally, it provides causal estimates of the impact of RMB use on...

    20.09.2023| Sonali Chowdhry, DIW Berlin
  • Research Project

    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.

    Current Project| Entrepreneurship
  • Infographic

    Joint venture and increase of prices

    29.05.2024
  • Diskussionspapiere 2085 / 2024

    Renminbi Rising? Exporters' Response to China's Currency Internationalization

    This paper investigates the heterogeneous responses of exporters to policy reforms undertaken by the People’s Bank of China to internationalize the Renminbi (RMB). Using detailed customs data from France for the initial years of these reforms (2011-2017), it documents several novel stylized facts on RMB adoption, highlighting both the growth and extreme skewness in RMB’s uptake across firms and varieties. ...

    2024| Sonali Chowdhry
  • Diskussionspapiere 2043 / 2023

    Diversify or Not? – The Link between Global Sourcing of ICT Goods and Firm Performance

    Our paper contributes to the discussion about Europe’s digital sovereignty. We analyze the relationship between firm performance and the diversification of sourcing countries for imported ICT goods. The analysis is based on administrative data for 3888 German manufacturing firms that imported ICT goods in the years 2010 and 2014. We find that firms that diversify the sourcing of ICT goods across multiple ...

    2023| Alexander Schiersch, Irene Bertschek, Thomas Niebel
  • Diskussionspapiere 2051 / 2023

    Collaborative Investor Engagement with Policymakers: Changing the Rules of the Game?

    Applying universal ownership theory and drawing on multiple-case studies, this article analyzes what drives institutional investors to engage with government entities and what challenges they find in the process. We relied on document analysis and conducted twelve semi-structured interviews with representatives from asset owners, asset managers, investor associations, and academia. We identify a trend ...

    2023| Camila Yamahaki, Catherine Marchewitz
  • Diskussionspapiere 2064 / 2023

    Access to Digital Finance: 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 ...

    2023| Saul Estrin, Susanna Khavul, Alexander S. Kritikos, Jonas Löher
  • Research Project

    Indikatorensystem zur technologischen Leistungsfähigkeit Deutschlands

    Current Project| Firms and Markets
  • Refereed essays Web of Science

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

    Despite intuitive appeal, empirical evidence supporting the relatedness hypothesis has been scant, as it has not been established that related acquisitions generally outperform unrelated acquisitions. In considering the impact of merger relatedness on not only acquiring-firm value – as is standard in the relatedness literature – but also on non-merging rival firm value, we offer an alternative perspective ...

    In: Long Range Planning 56 (2024), 6, 102325,17 S. | Joseph A. Clougherty, Tomaso Duso
  • DIW Roundup

    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...

    20.03.2023
727 results, from 1
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