Purpose - This paper aims to examine the effects on firms' outcomes of a new government regulation on the private security industry that aimed to enhance the selection and training processes for armed-private security officers. Design/methodology/approach - By using human capital theory and...

We investigate the role of political favouritism in the private education market. Using constituency-level panel data and a close-election regression discontinuity design, we estimate the causal effect of having a politician aligned with the state ruling party on the growth of private...

This dissertation consists of three essays on high frequency data, volatility, and disaster risk in macroeconomic modeling. In Chapter I, I verify a credit card transaction dataset for Austria and Germany. I use this dataset in Chapter II to investigate the weekly impact of financial market...