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What Determines the Inclusion in a Sustainability Stock Index? A Panel Data Analysis for European Companies

Ziegler, Andreas; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

This paper examines the determinants of the inclusion of European companies in the Dow Jones Sustainability World Index and the Dow Jones STOXX Sustainability Index. In doing so, the paper contributes to the micro-econometric literature analyzing the determinants and economic effects of...

Persistent link: https://www.econbiz.de/10005097693

Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...

Persistent link: https://www.econbiz.de/10008567560

The Prospects of Capital Markets in Central and Eastern Europe

Schröder, Michael; Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges – with the only exception of the Warsaw Stock Exchange – are, in comparison with their western counterparts, underdeveloped and less important for the...

Persistent link: https://www.econbiz.de/10005097843

How do banks screen innovative firms? Evidence from start-up panel data

Brown, Martin; Degryse, Hans; Höwer, Daniel; Penas, … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

Start-up firms often face difficulties in raising external funds. Employing a unique panel dataset covering 9,715 start-up firms over the period 2007-2009, we find that high-tech startups are less likely to use bank finance and face more difficulties in raising bank finance than low-tech...

Persistent link: https://www.econbiz.de/10010985643

An information economics perspective on main bank relationships and firm R&D

Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Persistent link: https://www.econbiz.de/10009323616

Research and development: financial constraints and the role of public funding for small and medium-sized enterprises

Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

German small and medium?sized firms (SME). Special attention is paid to the role of public R&D subsidies. For this purpose … SME in Western and East-ern Germany are compared because these regions are very different in their supply of public R …&D funding. It turns out that Western German SME are financially constrained in their R&D activities by both internal and …

Persistent link: https://www.econbiz.de/10005098138

Socially Responsible Investments in Germany, Switzerland and the United States: An Analysis of Investment Funds and Indices

Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as performance measure. The analysis considers market timing strategies of the fund management...

Persistent link: https://www.econbiz.de/10005097487

What's Driving Sustainable Energy Consumption? A Survey of the Empirical Literature

Wüstenhagen, Rolf; Schleich, Joachim; Rennings, Klaus; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

The focus of the paper is on the individual decision of energy consumers, and it's relation to sustainable consumption. Consumer behavior is based on individual decisions, but it depends largely on supply-side measures and an appropriate infrastructure (e.g. the availability of energy-efficient...

Persistent link: https://www.econbiz.de/10005097542

Measuring the immeasurable: a survey of substainability indices

Böhringer, Christoph; Jochem, Patrick - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

Sustainability indices for countries provide a one-dimensional metric to valuate country-specific information on the three dimensions of sustainable development: economic, environmental, and social conditions. At the policy level, they suggest an unambiguous yardstick against which a country?s...

Persistent link: https://www.econbiz.de/10005097645

Determinants of Environmental Innovations in Germany: Do Organizational Measures Matter? A Discrete Choice Analysis at the Firm Level

Rennings, Klaus; Ziegler, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

realization of an environmental product and a process innovation, indeed only compared with the realization of no environmental … innovation. …

Persistent link: https://www.econbiz.de/10005097683