This paper investigates empirically rm investment behavior in research and development (R&D). Firms make investments in R&D in order to produce innovations. These innovations in turn improve the rm s future productivity level, pro tability and incentives to invest in R&D. Using German rm-level...

The fractional probit (or fractional logit) model is used when the outcome variable is a fractional response variable, i.e. a variable taking a value between zero and one. In case of excess zeros, the fractional probit model might not be the optimal modeling device since this model does not...

Although comprehensive data from official statistics on new firm formation and entrepreneurs starting a new business are lacking in Germany, we know from empirical studies that entry rates differ between regions, and that the propensity to become an entrepreneur is influenced by...

This paper provides evidence on the labor market adjustments following a large import shock on both the individual and the firm level. We exploit a quasi-experimental shock in the German clothing industry caused by the phasing out of the Multi-Fibre Arrangement. Using the German shoe industry as...

This paper uses unique new data for German manufacturing enterprises from matched regular surveys and a special purpose survey to investigate the causal effect of relocation of activities to a foreign country on various dimensions of firm performance. Enterprises that relocated activities abroad...

This study reports results from an empirical investigation of business services sector firms that (start to) export, comparing exporters to firms that serve the national market only. We estimate identically specified empirical models using comparable enterprise level data from France, Germany,...

Using comprehensive data for West Germany, this paper investigates the determinants of establishment exit. We find that between 1975 and 2006 the average exit rate has risen considerably. In order to test various "liabilities" of establishment survival identified in the literature, we analyze...

With this paper we present the fi rst microeconometric analysis of the impact of a foreign acquisition on the target fi rms' access to fi nance. By using a large database of German firms we furthermore investigate for the first time the link between foreign ownership and access to finance in...

Der Einfluss von Aufsichtsratsgröße und -zusammensetzung auf verschiedenste Größen der Unternehmensperformance ist vielfältig in der Forschung untersucht worden. Der Großteil dieser Forschung war bislang hauptsächlich auf dem amerikanischen Markt ausgerichtet. Erst in den letzten Jahren...