Media Response
Media Response November 2024 IWH: Manchmal wäre der Schlussstrich die angemessenere Lösung in: TextilWirtschaft, 21.11.2024 IWH: Existenzgefahr Nun droht eine Pleitewelle in: DVZ…
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Alumni
IWH Alumni The IWH maintains contact with its former employees worldwide. We involve our alumni in our work and keep them informed, for example, with a newsletter. We also plan…
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The Labor Effects of Judicial Bias in Bankruptcy
Aloisio Araujo, Rafael Ferreira, Spyridon Lagaras, Flavio Moraes, Jacopo Ponticelli, Margarita Tsoutsoura
Journal of Financial Economics,
No. 2,
2023
Abstract
We study the effect of judicial bias favoring firm continuation in bankruptcy on the labor market outcomes of employees by exploiting the random assignment of cases across courts in the State of São Paulo in Brazil. Employees of firms assigned to courts that favor firm continuation are more likely to stay with their employer, but they earn, on average, lower wages three to five years after bankruptcy. We discuss several potential mechanisms that can rationalize this result, and provide evidence that imperfect information about outside options in the local labor market and adjustment costs associated with job change play an important role.
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Vergebene Aufträge
Vergebene Aufträge Das IWH veröffentlicht an dieser Stelle eine Liste der nach beschränkten Ausschreibungen und freihändigen Vergaben vergebenen Aufträge/Verhandlungsvergaben nach…
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Steuerliche Einordnung
Steuerliche Einordnung Erklärung zur steuerlichen Einordnung (Word, 20 kB) Zuordnung der Auftragsforschung zum steuerbegünstigten Zweckbetrieb (§ 68 Nr. 9 Abgabenordnung)
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List of cost objects
Cost object list Cost object list (XLSX, 20 kB)
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Town Hall Meeting June 20, 2023
Town Hall Meeting June 20, 2023 Agenda (PDF, 141 kB) Mental Stress Assessment - Results (PDF, 1,56 MB)
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Hygiene concept update
Hygiene concept update from Tankred Schuhmann, April 20, 2022 IWH Hygiene Concept from May 26, 2020, last amended on April 14, 2022 (PDF, 120 kB)
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Banking Reform, Risk-Taking, and Accounting Quality: Evidence from Post-Soviet Transition States
Yiwei Fang, Wassim Dbouk, Iftekhar Hasan, Lingxiang Li
Journal of International Accounting Research,
No. 1,
2022
Abstract
The drastic banking reform within Central and Eastern Europe following the collapse of the Soviet Union provides an ideal quasi-experimental design to examine the causal effects of institutional development on accounting quality (AQ). We find that banking reform spurs significant improvement in predictive power of earnings and reductions in earnings smoothing, earnings-inflating discretionary provisions, and avoidance of reporting losses. These effects hold under alternative model specifications and after considering concurrent institutional developments. In contrast, corporate reform shows no such effects, refuting the alternative explanation that unobserved factors affect both reform speed in general and the quality of financial reporting. We further identify four specific reformative actions that are integral to the drastic banking reform process where prudential regulation contributes the most to the observed AQ improvement. It supports the conjecture that banking reform improves AQ by reducing banks' risk-taking behaviors and, as a result, their motive behind accounting manipulation.
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25 Jahre Deutsche Einheit: eine Erfolgsgeschichte?
Gerhard Heimpold, R. Land, K. Schroeder, Joachim Ragnitz
Wirtschaftsdienst,
2015
Abstract
Der Beitrag gibt ein Vierteljahrhundert nach Herstellung der Deutschen Einheit einen Überblick über den erreichten Stand der wirtschaftlichen Entwicklung in Ostdeutschland. Ungeachtet erzielter Fortschritte hängt ein weiteres Aufholen vom erfolgreichen Strukturwandel ab.
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