1. 08.03.2021 · ZEW (tbk/sel)
    Research
    Stock Market
    This inequality could be addressed by investing in financial literacy and trust.

    Women are less involved in the stock market and other financial activities concerning wealth accumulation compared to their male counterparts. This is not only attributable to actual gaps in women’s financial literacy, but also to a lack of self-confidence. Women frequently underrate their actual financial knowledge. These are the findings of a study conducted by ZEW Mannheim in cooperation with the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business, the University of Groningen, and the Dutch central bank, De Nederlandsche Bank (DNB).

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  2. 05.03.2021 · ZEW (vme/lra/sel)
    Research
    Women | Corporate value | Board of directors
    The study analyzes the effect of the women's quota in comparison to countries with legally binding percentages.

    Women on the board of companies have a positive impact on their value. Crucially, the quota for women in corporate management – also known as a boardroom quota – primarily results in the scaling down of inefficient corporate processes. These are the findings of a study conducted by ZEW Mannheim and the New Economic School in Moscow. The study examined both the corporate board structure and the characteristics of its board members in seven European countries with regulations concerning this quota, which range from light to rigorous. A further step was to investigate the effects of the quota on firms’ value and operations, using financial data on the years before the quota was announced and after the compliance date had passed.

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  3. 04.03.2021 · ZEW (awh/ggr/sel)
    Comment
    Competition law | ZEW President
    Prof. Achim Wambach discusses current antitrust law with other experts at the 20th International Antitrust Conference.

    At the invitation of the German Federal Cartel Office, leaders and competition experts from various countries are discussing current issues of cartel law at the 20th International Conference on Competition today alongside Federal Minister of Economic Affairs and Energy Peter Altmaier and EU Competition Commissioner Margrethe Vestager. One of the focal points of this year’s event will be a panel discussion with Professor Achim Wambach, president of ZEW Mannheim and member of the Monopolies Commission, on public welfare goals as a challenge for antitrust practice. Wambach comments on this matter:

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  4. 04.03.2021 · ZEW (awh)
    Comment
    Insolvency | Coronavirus | Leibniz Association
    Professor Achim Wambach is optimistic about the economic outlook for Germany. He also sees positive signals from the global economy.

    The economic consequences of the pandemic will be felt in Germany and around the world for some time to come. Together with the presidents of the six German economic research institutes of the Leibniz Association, the president of ZEW Mannheim, Professor Achim Wambach, today discussed “The Economic Consequences of the Pandemic” at the annual Leibniz Economic Summit:

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  5. 02.03.2021 · ZEW (msc/sel)
    China Economic Panel
    Greater China | Short-term forecast | Cyclical indicator
    The CEP indicator rose by 9.1 points in the February survey and currently stands at 64.0 points.

    In the February 2021 survey (16–24 February 2021), the CEP indicator increased by 9.1 points to a new value of 64.0 points, its highest value to date since the survey began in mid-2013. The CEP indicator, based on the China Economic Panel (CEP) and conducted by ZEW Mannheim in cooperation with Fudan University, Shanghai, reflects the economic expectations of international financial market experts for China on a 12-month basis.

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  6. 26.02.2021 · ZEW (gli/jdo/scw/sel)
    Research
    Company insolvency
    Chairs stacked on each other on wall of a restaurant.

    In response to the first COVID-19-related lockdown, particularly small and medium-sized enterprises in Germany received easy access to extensive state aid in order to strengthen the liquidity position of cash-strapped firms. For the most part, this was done in a ‘whatever-it-takes’ fashion to rescue as many firms as possible from insolvency. Clearly, it has been necessary to support healthy companies whose financial difficulties have been the result of the pandemic and the associated measures. However, struggling companies whose existence would have been under threat even without the lockdown also received financial aid. Due to the urgency of the measures, they were implemented in an untargeted manner, which – in addition to generating direct costs in the billions – could also have negative consequences for medium-term growth opportunities and productivity development in Germany. As a recent study by ZEW Mannheim shows, the untargeted financial support has contributed to a backlog of corporate insolvencies. In particular, very small, financially weak companies, which under normal economic circumstances would have been highly likely to file for insolvency, were kept alive without the prospect of successful recovery.

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  7. 24.02.2021 · ZEW (fhe)
    Comment
    Coronavirus | Germany | Public Budget

    According to preliminary calculations by the German Federal Statistical Office (Destatis), the coronavirus crisis in 2020 resulted in the government deficit totalling 139.6 billion euros. Professor Friedrich Heinemann, head of ZEW’s Research Department “Corporate Taxation and Public Finance”, comments on this issue:

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  8. 22.02.2021 · ZEW (ibe/deg)
    Research
    Innovation | Innovation activity | Coronavirus
    EFI members stand around a screen showing Chancellor Merkel and Federal Research Minister Karliczek.

    The current annual report from the Commission of Experts for Research and Innovation (EFI) that was delivered virtually to Chancellor Merkel today, analyses the impact of the coronavirus crisis on research and innovation (R&I) activities of companies and comments on the current R&I policies implemented by the government.

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  9. 22.02.2021 · ZEW (clu)
    Comment
    Coronavirus
    According to Christopher Ludwig, the Coronavirus Taxt Assistance Act is not developed enough to mitigate the crisis.

    The third Coronavirus Tax Assistance Act is not ambitious enough to soften the impact of the coronavirus crisis, which is hitting the German economy even harder than the financial crisis. Given the extent of the crisis, measures have turned out to be too cautious and not innovative enough on the whole. Therefore, further measures are appropriate. Christopher Ludwig, researcher in the ZEW’s “Corporate Taxation and Public Finance” Department, made this position clear at an expert hearing on the third Coronavirus Tax Assistance Act at the German Bundestag Finance Committee in Berlin.

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  10. 22.02.2021 · ZEW (srf/sel)
    Questions & Answers
    Health economics | Health care | ZEWnews
    Questions & Answers by Dr. Simon Reif about broad-based care and limited resources.

    The health economy is not only of considerable economic importance to Germany. Health services are also an essential part of the provision of public services for its citizens. At the start of 2021, ZEW set up the Project Group “Health Care Markets and Health Policy”. ZEW economist Dr. Simon Reif explains in the following interview what exactly health economics is, where we encounter it in our day-to-day lives and what research questions the project group is pursuing.

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