Mitigating and adapting to climate change is a central global challenge that may incur costs for many businesses but also one that could bring opportunities in terms of productivity and new markets. Increased use of digital technologies is an area where the challenge of climate adaptation and...

We extend the performance comparison study of nonprofits (NPs) and pass-throughs by examining large NPs and large C corporations (CCs). Unlike that study, we also examine performance outcomes under two different tax shield policies. We use the Capital Structure Model as our main methodology. Our...

Climate protection is one of the greatest challenges society and economy are currently facing. In addition to policy (Macro level) and individual consumers (Micro level) also companies (Meso level) are confronted with increasing pressure to act more ecologically sustainable. Besides ecological...

This paper explores whether and how corporate social responsibility behavior affects firm value in highly distressed firms. Our results show that sustainability activity is a powerful instrument by which to strategically prevent damage to the company in the form of liquidation risk. Stronger...

Using data from the Multi-City Study of Urban Inequality (MCSUI) employer survey, we document a new empirical finding that workers are less likely to receive promotions in nonprofit organizations than in for-profit firms. Among other results, we also show that: wage increases associated with...

In this paper, we zoom in on the firm level of German merchandise foreign trade, using a novel data base with information on the export and import value by firm, country, product and year for the period 2011-2019. Problems arising from the consolidated reporting of taxable entities and the...

This study analyzes how firms form their inflation expectations during a regime change in monetary policy and a transition to a low-inflation environment. Using the Bank of Israel survey of firms, we document the basic properties of firms' inflation expectations and examine how Israeli firms...

We use the 2020 Small Business Credit Survey to study the sources of racial disparities in use of the Paycheck Protection Program (PPP). Black-owned firms are 8.9 percentage points less likely than observably similar white-owned firms to receive PPP loans. About 55 percent of this take-up...

Artificial Intelligence (AI) holds immense potential for enhancing prosperity. However, the adoption of AI in German businessesremains limited, with only 19 % of companies utilizing AI in 2022. The successful implementation of AI relies on two key prerequisites:a company's digitalisation and...

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...

Artificial intelligence defines a new age of technological and economic progress, but also causes disruptive effects on businessmodels, industries, and the society in general. It is argued that in order to make AI a productive and progressive technology regulatory as wellas educational...

This paper studies the effects of ambiguity (Knightian uncertainty) on business cycles and inequality in an economy with heterogeneous agents. Ambiguity-averse entrepreneurs operate in a model with financial frictions and a market-wide source of ambiguous information. Entrepreneurs use a...

Using new and unique survey evidence on digitalisation activities and investment in climate change of non-financial firms in the EU and the US, this article documents the trend towards twin digital and green investment in the corporate landscape after the COVID-19 pandemic. We use information...

FamData is a database covering family businesses and non-family businesses across various size classes and branches containing structural and financial information. The ifo Institute assembled a business panel with executives from almost 4,000 companies. In addition to the “hard” business...

In this paper, we zoom in on the firm level of German merchandise foreign trade, using a novel data base with information on the export and import value by firm, country, product and year for the period 2011-2019. Problems arising from the consolidated reporting of taxable entities and the...

We develop and validate new text-based measures of firms’ financial and non-financial value drivers. Using the Wayback Machine to access public US firms’ archived websites from 1995-2020, we scrape text from corporate homepages. We use Kaplan and Norton’s (1992) balanced scorecard, as well...

We study foreign firm exit from Russia following the 2022 offensive in Ukraine. Using administrative data on the universe of equity ownership in Russia we find that Western-owned firms that exited Russia in 2022 accounted for 1.5%, 3.0%, and 3.6% of capital stock, revenues, and wage bill in...

The effectiveness of the unification of enterprises in the cluster is also associated with high uncertainty and risks. Thus, the development of theoretical approaches and methodological instruments for efficient risk management of enterprises under the conditions of cluster association is an...

Objective: The objective of this article is to identify the impact of market orientation on company competitiveness of internationalized medium and large enterprises present in Central Eastern Europe and/or Western Europe in the period of economic growth. Research Design & Methods: Quantitative...

Der Erkenntnis- und Technologietransfer aus der Wissenschaft (Hochschulen und Forschungseinrichtungen) in die Wirtschaft ist eine der zentralen Quellen für Innovationen. Dessen Bedeutung ist angesichts der großen Wissenschaftsnähe der neuen Hightech-Felder wie Künstliche Intelligenz oder...

Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but still positive, bias than households and display less...

Dieser Bericht analysiert die wirtschaftlichen Folgen der Corona-Pandemie in der Schweiz mit Hilfe moderner Web-Scraping- und Text-Mining-Methoden, die auf Unternehmenswebseiten angewendet werden, zusammen mit Umfragedaten und nationalen Statistiken. In diesem Bericht untersuchen wir Art und...

The effectiveness of the unification of enterprises in the cluster is also associated with high uncertainty and risks. Thus, the development of theoretical approaches and methodological instruments for efficient risk management of enterprises under the conditions of cluster association is an...

Background: Innovation policy supports innovation in companies, as it is crucial for economic, social and environmental development. Objectives: The research aims to verify whether companies that have received public support for innovation are experiencing turnover growth. Methods/Approach: The...

In the study of the North Korean economy, industrial and business activities still remain uncharted territory. They are the most basic components of an economy, yet the scarcity of information makes those in North Korea almost impossible to understand from the outside world. Today, the general...

We study an experiment of the students-proposing deferred acceptance mechanism (DA) in matching markets where firms are matched with students. We investigated the two different situations: (i) Students know firms' preferences and firms submit their true preference, (ii) Students know firms'...

Der Krieg in der Ukraine bringt erhebliche Belastungen für die deutsche Wirtschaft mit sich. Auf Basis der Konjunkturumfrage des Instituts der deutschen Wirtschaft können die verschiedenen Übertragungswege und Auswirkungen eingeschätzt werden. Fast 80% der Unternehmen sehen sich derzeit...