DIW Wochenbericht 29 / 2014
2014| Pio Baake, Tomaso Duso
Diskussionspapiere 1390 / 2014
This paper studies the association between a country’s level of financial development and firms’ employment growth. We employ an incomplete contract model for evaluating this association. The model proposes that a high level of financial development affects the employment of firms with low managerial capital negatively, while firms with high managerial capital benefit from a more developed financial ...
2014| Dorothea Schäfer, Susan Steiner
DIW Economic Bulletin 3 / 2014
Last year, more women were appointed to the executive boards of major financial institutions. The share of women on the executive boards of banks and savings banks at the end of 2013 was a good six percent, which represents an increase of almost two percentage points over the previous year. This increase is primarily attributable to changes at private financial institutions and cooperative banks. At ...
2014| Elke Holst, Anja Kirsch
Referierte Aufsätze Web of Science
We study the effect of a merger in a dynamic high-technology industry—the videogame market—which is characterized by the frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the United Kingdom—Game Group PLC and Games Station Limited—we perform a difference-in-differences analysis comparing the price evolution of the merging parties with ...
Journal of Competition Law & Economics
10 (2014), Iss. 4, S. 933-958
| Luca Aguzzoni, Elena Argentesi, Paolo Buccirossi, Lorenzo Ciari, Tomaso Duso, Massimo Tognoni, Christiana Vitale
Diskussionspapiere 1330 / 2013
We study the effect of a merger in a dynamic high-technology industry-the videogame market- which is characterized by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we perform a difference-in-differences analysis comparing the price evolution of the merging parties to that of their 7 major competitors on an original sample ...
2013| Luca Aguzzoni, Elena Argentesi, Paolo Buccirossi, Lorenzo Ciari, Tomaso Duso, Massimo Tognoni, Cristiana Vitale
DIW Wochenbericht 3 / 2013
Im Finanzsektor stellen Frauen die Mehrheit der Beschäftigten, an der Spitze stehen aber nach wie vor Männer. Bei einem Anteil von gut vier Prozent waren Frauen in den Vorständen der größten Banken und Sparkassen auch Ende 2012 noch immer die große Ausnahme (+1 Prozentpunkt gegenüber Ende 2011). In den Vorständen der großen Versicherungen sieht es ähnlich aus. Etwas besser stellt sich die Situation ...
2013| Elke Holst, Julia Schimeta
SOEPpapers 533 / 2013
Often, a person will become an entrepreneur only after a period of dependent employment, suggesting that occupational choices precede entrepreneurial choices. We investigate the relationship between occupational choice and self-employment. The findings suggest that the occupational choice of future entrepreneurs at the time of labor market entry is partly guided by a taste for skill variety, the prospect ...
2013| Alina Sorgner, Michael Fritsch
SOEPpapers 515 / 2012
This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number of studies explaining the level effects of globalization on the labor market in that it takes a look at effects on the variability of incomes. It provides an assessment that directly connects labor income risk and offshoring trends in a panel setting at the industry level. Importantly, ...
2012| Jan Hogrefe, Yao Yao
FINESS Working Papers 5.2 / 2010
This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries compared to transparent ones. At the same time, the entry of greenfield foreign banks spurred firm creation ...
2010| Olena Havrylchyk
FINESS Working Papers 3.2 / 2010
The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered return and empirically test on some 30 thousand high growth European firms whether Private Equity' or other ...
2010| Oleg Badunenko, Moritz Fabien Karber, Dorothea Schäfer