This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany's nuclear reactors while...

This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany's nuclear reactors while...

Der Koalitionsvertrag der Bundesregierung sieht vor, dass der Einschlag in alten, naturnahen Buchenwäldern im öffentlichen Besitz gestoppt werden soll (SPD/Grüne/FDP 2021, Zeile 1219-1220). Im vorliegenden Thünen Working Paper werde für alte, naturnahe Buchenwälder mögliche Definitionen...