Geschädigte von Verstößen gegen deutsches und europäisches Kartellrecht haben einen Anspruch auf den Ersatz des ihnen entstandenen Schadens (§ 33a GWB). In der Praxis gibt es oft einen Dissens zwischen Klägern und Beklagten darüber, wie hoch der entstandene Schaden tat sächlich ist. Zur...

A large and growing number of studies attempt to determine the important factors affecting firms' decisions with respect to price, output, and inventories. A striking feature of this literature is the embarrassingly large number of alternative models--all allegedly consistent with the principles...

This study empirically examines the association between a firm’s cost structure and the discretionary investment (i.e., underinvestment or overinvestment) it makes in the short run. Consistent with higher fixed costs making managers more conservative in their investment behavior, we find that...

Purpose This paper aims to focus on scrutinizing the economics of greenhouse gas (GHG) emissions in Vietnam's rice production sector. Design/methodology/approach Using surveyed data from household rice producers, the smallest available production scale, the author delves into the economics of...

This paper studies the expansion patterns of the multinational enterprise (MNE) in time and space. Using a long panel of US MNEs, we document that MNE affiliates usually start with sales exclusively to the host market and eventually enter export markets, and that this extensive margin of...

Various textbooks in management accounting associate the concept of degree of operating leverage (DOL) to the ratio of fixed costs and variable costs—an index referred to as the cost structure of a firm. This view of operating leverage implies that, if two firms have different sales volumes...

We build on prior literature on the role of demand uncertainty in cost structures and examine whether and how firm cost structures are affected by climate-related issues. Using a measure of firm-level exposure to climate change identified from earnings conference calls, we find that climate...

Wasserstoff ist ein Schlüsselelement, um Klimaneutralität zu erreichen. Besonders für die Dekarbonisierung der Industrie und bestimmter Verkehrssektoren stellt er eine wichtige Ergänzung zur direkten Elektrifizierung dar. Um die künftig hohen Bedarfe zu decken, werden Importe nötig sein....

We examine the association between market structure and cost structure using a national sample of U.S. hospitals. Cost structure determines operating risk; therefore, it is important to understand factors that influence managerial choices on cost structure. Market structure is a potentially...

Taking a chairman's native place of origin in Northern (Southern) China as a proxy for chairman individualism (collectivism), this paper examines how such individualism affects firms' cost structure decisions within a sample of Chinese listed firms. The results show that individualistic chairmen...

Die Corona-Krise führt bei vielen Unternehmen zu andauernden Umsatzeinbrüchen, die einen akuten Liquiditätsbedarf verursachen, sofern laufende Kosten nicht reduziert werden. Auf Grundlage neuer Daten des German Business Panels wird ein Klassifizierungsverfahren genutzt, das die Kostenstruktur...

The main purpose of this paper is to present estimates of production and cost functions obtained from using a time-series, cross-section data set pertaining to Israeli industry, We include a detailed list of heterogeneity controls in the specifications which substantially enhances the...

In this paper the authors examine the effects of publicly financed infrastructure and R&D capitals on the cost structure and productivity performance of twelve two-digit U.S. manufacturing industries. The results suggest that there are significant productive effects from these two types of...

Das Jahr 2020 stand in Europa im Zeichen der Coronakrise. Die Wirtschaftsleistung brach europaweit in einem noch nie dagewesen Ausmaß ein. Durch an die Krisensituation angepasste und neue Beschäftigungssicherungsprogramme konnte jedoch in den Ländern der Europäischen Union im großen Umfang...

Die Corona-Krise führt bei vielen Unternehmen zu andauernden Umsatzeinbrüchen, die einen akuten Liquiditätsbedarf verursachen, sofern laufende Kosten nicht reduziert werden. Auf Grundlage neuer Daten des German Business Panels wird ein Klassifizierungsverfahren genutzt, das die Kostenstruktur...

We apply and extend the cost-based approach to bundling and tying under competition developed in Evans and Salinger (2004) to over-the-counter pain relievers and cold medicines. We document that consumers pay much less for tablets with multiple ingredients than they would if they bought tablets...

Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification - this is also the approach used by numerous studies analyzing the relative capital-skill...

Building on Banker, Byzalov, and Plehn-Dujowich’s (2014) congestion cost theory, we model firms’ tradeoff between rigid cost structures and high inventory levels in reducing congestion costs caused by uncertain demand. We show that more inventory results in lower cost rigidity, while the...

Diese Abhandlung entstand im Zuge des Innovationsfonds-Projektes „Land/Rettung – Notfallmedizinische Neuausrichtung eines Landkreises“. Das Ziel war die Ermittlung, ob die mit Land/Rettung eingeführten Innovationen im Landkreis Vorpommern-Greifswald zu Unterschieden in dem...

In this study, we examine the association between supplier concentration and cost flexibility and how such association varies with the buyer firm's bargaining power and the nature of buyer-supplier relationship. Drawing on prior literature, we predict that there is a positive association between...

I study the effect of increasing competition on financial performance through labor leverage. To capture competition, I exploit variation in product market contestability in the U.S. airline industry. First, I find that increasing competitive pressure leads to increasesing labor leverage,...

The financial sector is undergoing extensive changes and challenges that affect the entire market and infrastructure of financial service providers. Technological development leads to increased digitalisation and allows new business models to emerge. With regard to the banking sector, it is...

Our paper deals with empirical and technical problems to derive (conventional) cost functions in banks and other financial institutions. One main reason is based on the still ongoing discussion on inputs and outputs of financial intermediaries. A second obstacle is due to the fact that most of...