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Competition and trust: Evidence from German car manufacturers

Felli, Leonardo; Koenen, Johannes; Stahl, Konrad O. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers … different measures of supplier-buyer trust, that higher levels of trust mitigate relationship-specific underinvestment in a … classical hold-up situation. Moreover, contrary to the extant literature, we show that higher levels of supplier's trust are …

Persistent link: https://www.econbiz.de/10009646604

Who should pay for certification?

Stahl, Konrad; Strausz, Roland - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...

Persistent link: https://www.econbiz.de/10009283658

Which firms use trademarks - and why? Representative firm-level evidence from Germany

Crass, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Trademarking firms are more productive, generate higher profits, and have a better survival rate. Trademarking firms are in one word more successful, which might motivate non-trademarking firms to adopt a trademark strategy. But this seems not to be the case. The proportion of trademarking firms...

Persistent link: https://www.econbiz.de/10011122576

Susceptibility and influence in social media word-of-mouth

Claussen, Jörg; Engelstätter, Benjamin; Ward, Michael R. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Peer influence through word-of-mouth (WOM) plays an important role in many information systems but identification of causal effects is challenging. We identify causal WOM effects in the empirical setting of game adoption in a social network for gamers by exploiting differences in individuals'...

Persistent link: https://www.econbiz.de/10011139791

Centrality and content creation in networks: The case of German Wikipedia

Kummer, Michael E.; Saam, Marianne; Halatchliyski, Iassen; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

When contributing content on large online platforms, producers of user-generated content have to decide where to contribute. On a complex and dynamic platform like Wikipedia, this decision is expected to depend on the way the content is organized. We analyse whether the hyperlinks on Wikipedia...

Persistent link: https://www.econbiz.de/10010957622

Sources of value creation through private equity-backed mergers and acquisitions: The case of buy-and-build strategies

Borell, Mariela; Heger, Diana - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This article documents a new value creation function of private equity investors who carry out buy-and-build strategies. Buy-and-build strategies constitute an initial acquisition of a firm, serving as a 'platform', by a private equity investor and follow-on private equity-backed acquisitions...

Persistent link: https://www.econbiz.de/10010957702

Centrality and content creation in networks: The case of German Wikipedia

Kummer, Michael E.; Saam, Marianne; Halatchliyski, Iassen; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

Persistent link: https://www.econbiz.de/10010957717

From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms

Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...

Persistent link: https://www.econbiz.de/10008533682

Who Chooses Whom? Syndication, Skills and Reputation

Tykvová, Tereza - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

Syndication, which is a joint realization of one project/one investment by several capital providers, is a long existing phenomenon that plays a central role in many financial market segments. Within this paper we develop a theoretical model focusing on the dynamic aspect of syndication, namely...

Persistent link: https://www.econbiz.de/10005098025

Technology transfer and the Internet: a chance for outsiders at public science to get into the business?

Czarnitzki, Dirk; Rammer, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

The Internet is receiving increasing attention as a medium for technology transfer between public research and the enterprise sector. Based on a survey of public research units in natural sciences and engineering in Germany, we analyse the determinants of firm contacts established via the...

Persistent link: https://www.econbiz.de/10005098298