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European telecommunication regulation: Effects on telecommunication providers

Veith, Tobias - 2010

case of ARGARCH models, the approximation process chosen in this paper shows a better estimation of the stock price … development based on autoregressive models and, thus, more robust estimation results for the reaction to a regulatory change … because of the national process of governments' adjustments. Thus, the estimation results provide evidence that companies …

Persistent link: https://www.econbiz.de/10010303007

Building and Blocking: The Two Faces of Technology Acquisition

Grimpe, Christoph; Hussinger, Katrin - 2008

Gaining access to technological assets and patents, in particular, has long been a major motive and objective for firm acquisitions. On the one hand, patents are used as a building instrument for the acquirer's technology portfolio. On the other hand, patents can be attractive because of their...

Persistent link: https://www.econbiz.de/10010298053

Building and Blocking: The Two Faces of Technology Acquisition

Grimpe, Christoph; Hussinger, Katrin - 2009

Persistent link: https://www.econbiz.de/10010298687

The Determinants of Capital Structure: Some Evidence from Banks

Heider, Florian; Gropp, Reint E. - 2008

This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have...

Persistent link: https://www.econbiz.de/10010298024

Knowledge Flows, R&D Spillovers and Innovation

Peri, Giovanni - 2003

external impact on innovation for a panel of 113 European and North American regions over 22 years. …

Persistent link: https://www.econbiz.de/10010297291

Efficiency, Compensation, and Discrimination: What is at Stake When Implementing the EU Emissions Trading Scheme?

Böhringer, Christoph; Lange, Andreas - 2003

In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...

Persistent link: https://www.econbiz.de/10010297339

Measuring Selectivity-Corrected Gender Wage Gaps in the EU

Heinze, Anja; Beninger, Denis; Beblo, Miriam; Laisney, … - 2003

We investigate different techniques to assess the gender pay gap in five EU countries (France, Germany, Italy, Spain and United Kingdom), focusing on self-selection into market work. Results show that selectivity correction has an impact on both wage estimates and wage gap decomposition. If...

Persistent link: https://www.econbiz.de/10010297340

Regional Income Convergence in the Enlarged Europe, 1995-2000: A Spatial Econometric Perspective

Fischer, Manfred M.; Stirböck, Claudia - 2004

This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in 1995 to 2000 and, moreover, relaxes the assumption of a single steady-state growth path which appears to be out of tune with reality of empirical dynamics. The two-club spatial...

Persistent link: https://www.econbiz.de/10010297367

A Spatial Econometric Analysis of Regional Specialisation Patterns Across EU Regions

Stirböck, Claudia - 2004

This paper conducts a spatial econometric analysis of the determinants of regional specialisation patterns. Spatial autocorrelation is present, but is mostly due to spatial error autocorrelation. Spatial interaction due to economic interdependencies is only evident for some few labour-intensive...

Persistent link: https://www.econbiz.de/10010297369

Does it Pay to Watch Central Bankers' Lips? The Information Content of ECB Wording

Heinemann, Friedrich; Ullrich, Katrin - 2005

In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB?s communication channels we focus on the monthly press conferences. Based on a counting of certain signal words we construct a wording indicator...

Persistent link: https://www.econbiz.de/10010297482