Abstract Multivariate regression models and ANOVA are probably the most frequently applied methods of all statistical analyses. We study the case where the predictors are qualitative variables and the response variable is quantitative. In this case, we propose an alternative to the classic...

Addressing recent calls by European regulatory and supervisory authorities, we develop a new bottom-up climate risk assessment method to examine the resilience of the European banking industry regarding transitory climate risks. We illustrate our approach by estimating the impact of a 50-100 EUR...

Differentiating products by means of novel technical features is an accepted approach to achieving and retaining long-term success. So far, innovation research has treated technical newness as a static concept. In this paper, we introduce a dynamic perspective and enhance the technical newness...

We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher’s United Kingdom have long served as cornerstones for growth, prosperity...

By introducing simBERT, a novel semantically sensitive similarity measure for textual data, we find that international annual reports contain value relevant information that is not timely priced by investors. We measure the value relevance of international corporate disclosures by constructing a...

We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher's United Kingdom have long served as cornerstones for growth, prosperity and...