East Germany Rearguard Only investments in education will lead to a further catch-up ...
The Impact of Political Uncertainty on Institutional Ownership
Journal of Financial Stability,
This paper provides original evidence from institutional investors that political uncertainty greatly affects investment behavior. Using institutional holdings of common stock, we find that institutions significantly reduce their holdings by 0.8–2.3% points during presidential election years. Such effect holds for gubernatorial elections with cross-state-border difference-in-difference analysis and for tests using a political uncertainty index. The effect is the opposite for American Depository Receipts (ADRs). In addition, we find that institutions benefit financially from the observed strategy, and such strategy is in line with predicted outcomes of presidential election polls.
MICROPROD Raising EU Productivity: Lessons from Improved Micro Data The goal...
Reports of the European Forecasting Network (EFN)
Reports of the European Forecasting Network (EFN) The European Forecasting...
Establishing Evidence-based Evaluation Methods for Subsidy Programmes in Germany (EVA-KULT)
EVA-KULT Establishing Evidence-based Evaluation Methods for Subsidy Programmes in...
IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct...
The CompNet Competitiveness Database The Competitiveness Research Network (CompNet)...
The Impact of Active Aggregate Demand on Utilisation-adjusted TFP ...
Four Research Clusters ...