„Evaluation der Gemeinschaftsaufgabe ‚Verbesserung der regionalen Wirtschaftsstruktur‘ (GRW)“ durch einzelbetriebliche Erfolgskontrolle – Evaluationsbericht –
Matthias Brachert, Eva Dettmann, Lutz Schneider, Mirko Titze
IWH Studies,
No. 3,
2024
Abstract
Gegenstand dieses Evaluationsberichts ist die Replikation und Erweiterung der Ergebnisse des vorhergehenden Gutachtens zur Evaluation der Gemeinschaftsaufgabe ‚Verbesserung der regionalen Wirtschaftsstruktur‘ (GRW)
Der vorliegende Evaluationsbericht verfolgt zwei Ziele. Erstens aktualisiert er die Ergebnisse aus dem vorherigen Gutachten. Zweitens betrachtet er einige Aspekte zu den Wirkungen der GRW-Förderung vertiefend. Dazu gehört insbesondere die Frage, ob die GRW für die geförderten Betriebe tatsächlich einen Anreizeffekt im Sinne einer Ausweitung der Investitionstätigkeit hatte und wie sich die Effekte der Förderung unter Verwendung fortgeschrittener Produktivitätsmaße darstellt. Des Weiteren widmet sich der Evaluationsbericht einer vertiefenden Untersuchung heterogener Effekte auf sektoral disaggregierter Ebene sowie nach Betriebsgrößenklassen. Wo es möglich ist, analysiert der Bericht zudem längere Zeiträume nach dem Beginn des Förderprojekts. Schließlich widmet sich der Evaluationsbericht Fragen zur Wirtschaftlichkeit des GRW-Programms auf einzelbetrieblicher Ebene, indem er die Effekte in Beziehung setzt zur Höhe der aufgewendeten Fördermittel.
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Credit Supply Shocks: Financing Real Growth or Takeovers?
Tobias Berg, Daniel Streitz, Michael Wedow
Review of Corporate Finance Studies,
No. 2,
2024
Abstract
How do firms invest when financial constraints are relaxed? We document that firms affected by a large positive credit supply shock predominantly increase borrowing for transaction-based purposes. These treated firms have larger asset and employment growth rates; however, growth entirely stems from the increased takeover activity. Announcement returns indicate a low quality of the credit-supply-induced takeover activity. These results offer the possibility that credit-driven growth can simply reflect redistribution, rather than net gains in assets or employment.
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IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct Investment) comprises a total population of affiliates of multinational enterprises (MNEs) in selected…
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Search Symbols, Trading Performance, and Investor Participation
Yin-Siang Huang, Hui-Ching Chuang, Iftekhar Hasan, Chih-Yung Lin
International Review of Economics and Finance,
April
2024
Abstract
We investigate the relationships among search symbols, trading performance, and investor participation. We use two specific datasets from Google Trends’ search volume index. The search volume by number ticker significantly predicts high returns and high investor participation when applied by active retail investors investing in large firms. This does not hold true for less active retail investors who use Chinese company name tickers as their search terms. Our results indicate that the heuristic usage of number tickers to search for company information helps active retail investors to obtain better trading performance compared with less active retail investors who use Chinese company name tickers.
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IWH Subsidy Database
IWH Subsidy Databse The microdatabase currently comprises nine data sets on direct business subsidy programmes in Germany. The programme statistics kept by the project sponsors…
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Centre for Evidence-based Policy Advice
Centre for Evidence-based Policy Advice (IWH-CEP) The Centre for Evidence-based Policy Advice (IWH-CEP) of the IWH was founded in 2014. It is a platform that bundles and…
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Research Clusters
Three Research Clusters Research Cluster "Economic Dynamics and Stability" Research Questions This cluster focuses on empirical analyses of macroeconomic dynamics and stability.…
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Guiding Theme and Research Profile
Tasks of the IWH Guided by its mission statement , the IWH places the understanding of the determinants of long term growth processes at the centre of the research agenda. Long…
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Organisation of Research
Tasks of the IWH Guided by its mission statement , the IWH places the understanding of the determinants of long term growth processes at the centre of the research agenda. Long…
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Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one of the four research departments (Financial Markets – Laws, Regulations and Factor Markets –…
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