Der Klimawandel in Schleswig-Holstein führt zu Veränderungen in Umwelt, Wirtschaft und Arbeitswelt, und er hat Auswirkungen auf die Gesundheit der Menschen. Der wissenschaftliche Konsens geht davon aus, dass die sozioökonomischen und ökologischen Effekte des Klimawandels weltweit...

In this day, you need a company to compete with the other company to acquire a good competition between the companies. For example, the manufacturing company such as the one explained in this paper are required to be able to produce a high qualities product with a good price that can compete in...

Geo-political tensions and disruptions to global value chains have led policy makers to re-evaluate their approach to globalisation. Many countries are considering regionalisation and friend-shoring – trading primarily with countries sharing similar values – as a way of minimising exposure...

The novel partial-use philosophy by the Basel Committee on Banking Supervision initiates a paradigm shift for banks, allowing them to permanently partially apply the internal ratings-based approach (IRBA) and not having to fully roll it out across the overall bank anymore. This raises the...

Over the past three decades, economic transformations in Eastern Europe and Russia have substantially affected the use of management technologies. More and more businesses prioritize sustaining growth and development in the long run instead of maximizing profits in the short term. The shift in...

The novel partial-use philosophy by the Basel Committee on Banking Supervision initiates a paradigm shift for banks, allowing them to permanently partially apply the internal ratings-based approach (IRBA) and not having to fully roll it out across the overall bank anymore. This raises the...

On 1 January 2023, Croatia became the newest member of the Schengen Agreement of the European Union (EU) and also joined the Eurozone. This will not only mean a new currency and the elimination of border controls - allowing thus free movement within the Schengen area. It will also mean...

Die hohen Inflationsraten als Konsequenz der Energiepreiskrise, die mit dem russischenAngriffskrieg auf die Ukraine begonnen hat, waren nicht nur für private Verbraucher, sondernauch für Unternehmen deutlich spürbar. Für das Hochkostenland Deutschland sind weitereKostensteigerungen im...

Over the past three decades, economic transformations in Eastern Europe and Russia have substantially affected the use of management technologies. More and more businesses prioritize sustaining growth and development in the long run instead of maximizing profits in the short term. The shift in...

This study explores whether the intensity of cost asymmetry matters for bankruptcy prediction. An increased level of cost asymmetry implies increased requirements to finance a high level of adjustment costs due to high investments in prior period resource levels, decreased operating efficiency...

We analyze whether--and, if so, how--Americans reacted to the escalation of the trade war between the United States and China in June 2018. To address this issue, we leverage surveys conducted in the U.S. during this phase of the economic clash. We find a significant reduction in support for...

In this paper, we present how to investigate the postulation for cost reduction and competitive advantage in industries similar to the pharmaceutical companies by analysing the research and development cost in those companies, where we predict this cost to be low if such postulations are...

High energy burdens challenge nearly a quarter of US households and could increase under climate change due to shifts in space heating and cooling. Using detailed building models, building physics-based simulations, and downscaled meteorological data, we quantify seasonal and annual household...

Portfolio managers’ orders trade off return and trading cost predictions. Return predictions rely on alpha models, whereas price impact models quantify trading costs. This paper studies what happens when trades are based on an incorrect price impact model, so that the portfolio either over- or...

Abstract: This paper provides a discussion of the political economy of probate, with the goal of motivating financial planners to play an important role in helping their clients avoid it. The paper explores the reluctance among members of the legal community to adequately apprise their clients...

Using the Synthetic Difference-in-Differences (SDiD) estimator, we show that the economic effects of the War in Donbas on Luhansk and Donetsk oblasts between the years 2014 and 2019 were of enormous magnitude. We estimate the average treatment effect on per capita disposable income of 3362 USD...

In 1975, the President of India declared a state of emergency (the Emergency), granting Prime Minister the power to rule by decree. This paper investigates the economic fallout of this exceptional event in India's post-independence history. The analysis shows that the Emergency adversely...

This paper examines to what extent information opacity exacerbates climate risks in supply chains. Understanding the information frictions in supply chain settings is important because disruptions originating from an opaque supplier can impose greater risk to the supply chain as a whole than...

This study explores the relation between family ownership and cost elasticity. Using a sample of 1,746 European firms, we first find that family ownership, a prevalent ownership type with unique characteristics, is associated with greater cost elasticity. Further, we use four empirical settings...

Large Language Models (LLMs) or generative AI have emerged as a new general-purpose technology in applied machine learning. These models are increasingly employed within firms to support a range of economic tasks. This paper investigates the economic value generated by the adoption and use of...

Under the production approach to markup estimation, the markup is the output elasticity of any variable input divided by the input’s share of revenue. However, output elasticities vary across producers due to non-neutral technological differences. I develop a flexible cost share estimator to...

At the five-month mark, the costs of Vladimir Putin’s “special military operation” have soared and spread. The short-term economic costs of the invasion include not only the direct war damage in Ukraine and the immediate consequences of the economic sanctions and counter-sanctions on...

International migrants who seek protection also participate in the economy. Thus the policy of the United States to drastically reduce refugee and asylum-seeker arrivals from 2017 to 2020 might have substantial and ongoing economic consequences. This paper places conservative bounds on those...

How have changes in the costs of enrolling full-time at public two- and four-year colleges affected student decisions about whether and where to enroll in college? Using local differences in the growth of tuition at community colleges and public four-year colleges we study the impact of public...

Early education and childcare can have a critical impact both on helping children to develop and in supporting parents (especially mothers) to work. But childcare can also have a significant impact on the disposable income - and, hence, living standards - of families with very young children....