We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for new firm cohorts but locked it in for incumbents. Rejecting the canonical hold-up prediction - that increasing...

We investigate which firm characteristics are associated with investment in tangible and intangible fixed assets, paying special attention to the case of R&D, and which funding sources are used for each type of investment. Regarding firm characteristics, we find that younger and more profitable...

We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

Across a broad range of equipment types and industries, we document a pattern of local capital reallocation from older firms to younger firms. Start-ups purchase a disproportionate share of old physical capital previously owned by more mature firms. The evidence is consistent with financial...

E inleitung -- Stand der empirischen Forschung -- Theoretischer Bezugsrahmen -- Normative Grundlagen -- Hypothesen zur Existenz von abschlusspolitischen Ergebnisspaltungen mit aufgegebenen Geschäftsbereichen.-Hypothesen zur Prävention von abschlusspolitischen Ergebnisspaltungen mit...

This paper examines the impact of investment in knowledge-based capital on firm productivity. The analysis is based on a dynamic econometric model estimated with micro-data from Ireland over the period 2006-2012. We use broad measures of investment in knowledge-based capital which include...

Besonderheiten des kommunalen Rechnungswesens -- Entwicklung des neuen kommunalen Rechnungswesens -- Grundsätzliche Vorschriften zur Rechnungslegung -- Bewertungsvorschriften, insbesondere zur Eröffnungsbilanz -- Fazit und Harmonisierungsansätze

A recent theoretical model by Epstein and Schneider (2008) predicts that a firm’s assets will be undervalued by the market if the information surrounding these assets is ambiguous. The model further predicts that this effect is amplified if the underlying fundamentals are volatile. This paper...

Following the political economics literature documenting how public resources are likely to be geographically distributed along equity and efficiency as well as political considerations, this article is aimed at exploring to what extent, and through which channels, politics play a role in...

Karin Nickenig befasst sich in diesem essential mit der Zusammensetzung des Anlagevermögens sowie der Zugangs- und Folgebewertung von Anlagegütern. Der Band ermöglicht einen schnellen Überblick hinsichtlich möglicher Abschreibungen. Die Betrachtung von Geringwertigen Wirtschaftsgütern und...