The ability of organizations to manage and cope with economic crises is central to the direction and severity of their impact. We explore determinants of strategic crisis responses by focusing on the role of…
We study how terminated correspondent banking relationships affect international trade. Drawing on firm-level export data from emerging Europe, we show that when local banks lose access to correspondent…
Using a unique matched bank-employer-employee administrative dataset for Italy, we construct an exogenous firm-level measure of exposure to the credit shock during the Global Financial Crisis, based on…
For developing and implementing innovations that improve a firm's environmental performance ('eco-innovation'), external knowledge and technologies, and hence the openness of a firm, are crucial. This paper…
The rapid evolution of technology is reshaping labour markets by altering skill demands and job profiles. This paper introduces a novel skill-based measure of occupational technology intensity – the occupational…
In 2001, Germany abolished public occupational disability insurance (ODI)—the second tier of its public DI system—for cohorts born after 1960. Using administrative data, we first document that, in the long run,…
After the beginning of the war in Ukraine, energy prices in Germany increased drastically. The paper analyses responses of German firms to this energy price shock. A variety of measures and reactions at the…