In this paper, we describe how Shenzhen A-share listed companies used funds raised in over-financed IPOs during the 2006-2010 period. In exploring the relationship between internal corporate governance and the use of funds raised in over-financed IPOs, we find that the use of such funds to...

Within the special environment of the ChiNext market, we study how an internationalization strategy affects the independent innovation of Chinese entrepreneurial companies from two dimensions: R&D input and patent output. An internationalization strategy has a significant incentive effect on R&D...

Purpose: At the dynamic innovation market, it is very difficult for an enterprise to accomplish innovation individually; technology innovation is shifting towards collaborative R&D chain mode. Thus, supplier selection based on individually innovation efficiency of enterprise is inapplicable to...

Using DCC-GARCH model, this paper finds that, since 1990, the relationship between crude oil prices and the US dollar index is time-varying, demonstrating a process of 'very weak correlation-negative correlation-enhanced negative correlation-weakening negative correlation', but the existing...

Following an unprecedented contraction in GDP, the German economy returns to expansion. Growth will be modest in 2010, however, as the forces of the recovery are not yet stable. This is the key result of the Autumn outlook of the German Institute for Economic Research (DIW). DIW expects...

The sharp slump of the German economy has left its mark on the building sector. Commercial construction has been especially affected by the significant decline in companies' propensity to invest - triggered by the macroeconomic downturn. However, due to the stable development of real wages and...

Die Wahrnehmung der wirtschaftlichen Entwicklung wird auch in Deutschland momentan von den Ereignissen an den Finanzmärkten überlagert. Die Wertberichtigungen und Liquiditätsengpässe im Bankensektor drohen inzwischen ein Ausmaß anzunehmen, das zu einer ernstzunehmenden Verknappung der...

Nach langen Jahren stagnierender und sogar rückläufiger Produktionsentwicklung folgt auf 2006 und 2007 auch 2008 eine positive Gesamtbilanz der Bauwirtschaft. Der konjunkturelle Ausblick auf das Jahr 2009 ist allerdings getrübt. Die deutsche Bauproduktion wird preisbereinigt 2009 fast...