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We use a dynamic model of financing decisions to measure agency conflicts for a large panel of 12,652 firms from 14 countries. Our estimates show that agency conflicts are large and vary significantly across firms and countries. Differences in agency confl ...
Unemployment differentials are bigger in Europe than in the United States. Migration responds to unemployment differentials, though the response is smaller in Europe. Mundell (1961) argued that factor mobility is a precondition for a successful currency un ...
After the nuclear accident in Fukushima, amongst others Germany and Switzerland decided to accelerate the sustainability transition of their energy systems not only by expanding the share of renewables actively but also by quitting nuclear power. Regarding ...
In Europe about 2 million people work and live in two different countries. While at the European scale cross-border workers only account for a limited portion of the working-age population, in some regions cross-border work takes a huge importance. In thes ...
This research investigates homemaking of culturally diverse groups. Homemaking is a process, which is created by residents through the understanding of forms and belongings to represent and celebrate events throughout new structures and objects. Homemaking ...
This thesis contains four chapters, each of which utilizes new or unusual data sources to analyze a different area of financial economics. In the first chapter, I construct a novel dataset linking individual bankers to large borrowers in the U.S. syndicate ...
The latest Living Planet Report of WWF shows that we used the regenerative capacity of 1.5 planets in 2010 at present consumption levels. An increasing number of companies set targets to lower the impact of their activities on the environment, but such tar ...
The gradual opening of borders, which occurred over the past few decades have dramatically altered their role and function. Although these evolutions were not uniform, they have enabled the development of cross-border regions, which are characterized by a ...
After the nuclear accident in Fukushima, amongst others Germany and Switzerland decided to accelerate the sustainability transition of their energy systems not only by expanding the share of renewables actively but also by quitting nuclear power. Regarding ...
Public enterprises operate in the area between the opposing poles of state and market. On the one hand they must meet a wide range of political expectations, and on the other they must fulfil commercial efficiency criteria. This dissertation addresses how ...
