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An economic analysis of online streaming: How the music industry can generate revenues from cloud computing
Thomes, Tim Paul - 2011
This paper investigates the upcoming business model of online streaming services allowing music consumers either to subscribe to a service which provides free-of-charge access to streaming music and which is funded by advertising, or to pay a monthly flat fee in order to get ad-free access to...
Persistent link: https://www.econbiz.de/10010306002
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Benchmarking regions: Estimating the counterfactual distribution of labor market outcomes
Fitzenberger, Bernd; Furdas, Marina - 2012
This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual...
Persistent link: https://www.econbiz.de/10010308489
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Socially Responsible Investments in Germany, Switzerland and the United States: An Analysis of Investment Funds and Indices
Schröder, Michael - 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/10010298128
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Pension funds' performance in strongly regulated industries in Central Europe: Evidence from Poland and Hungary
Bohl, Martin T.; Lischewski, Judith; Voronkova, Svitlana - 2010
This paper presents an analysis of pension funds' performance in Poland and Hungary, two Central European countries characterized by strong regulation of their private pension fund industries. Thus, the paper extends the literature which has so far mostly focused on performance of pension fund...
Persistent link: https://www.econbiz.de/10010302584
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Benchmarking regions: Estimating the counterfactual distribution of labor market outcomes
Fitzenberger, Bernd; Furdas, Marina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual...
Persistent link: https://www.econbiz.de/10010957712
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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
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Pension funds' performance in strongly regulated industries in Central Europe: Evidence from Poland and Hungary
Bohl, Martin T.; Lischewski, Judith; Voronkova, Svitlana - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
This paper presents an analysis of pension funds' performance in Poland and Hungary, two Central European countries characterized by strong regulation of their private pension fund industries. Thus, the paper extends the literature which has so far mostly focused on performance of pension fund...
Persistent link: https://www.econbiz.de/10008694119
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Innovative capability and financing constraints for innovation: More money, more innovation?
Hottenrott, Hanna; Peters, Bettina - 2012
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …
Persistent link: https://www.econbiz.de/10010310988
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Evaluating the Impacts of Subsidies on Innovation Activities in Germany
Hujer, Reinhard; Radić, Dubravko - 2005
market mechanism. As a response, public instruments have been implemented to stimulate private innovation activities. The … Establishment Panel and apply various microeconometric methods to estimate the effect of public measures on innovation activities of …
Persistent link: https://www.econbiz.de/10010297450
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Persistence of Innovation: Stylised Facts and Panel Data Evidence
Peters, Bettina - 2005
This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994?2002. We find that innovation behaviour is permanent at … innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …
Persistent link: https://www.econbiz.de/10010297493