ZEW Discussion Papers

Overview

Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 03-14 // 2003

    The Influence of the EU Environmental Management and Auditing Scheme on Environmental Innovations and Competitiveness in Germany: An Analysis on the Basis of Case Studies and a Large-Scale Survey

    This paper investigates the effects of the EU Environmental Management and Auditing Scheme (EMAS) on environmental innovations and competitiveness in German facilities. It comprises twelve in-depth case studies…

  2. ZEW Discussion Paper No. 03-13 // 2003

    Local Determinants of Crime: Distinguishing Between Resident and Non-resident Offenders

    The paper revisits the local determinants of crime using a spatial model distinguishing between resident and non-resident offenders. Employing data for German municipalities, the model is estimated by means of a…

  3. ZEW Discussion Paper No. 03-12 // 2003

    The Decision of Venture Capitalists on Timing and Extent of IPOs

    We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to…

  4. ZEW Discussion Paper No. 03-10 // 2003

    Socially Responsible Investments in Germany, Switzerland and the United States

    The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as…

  5. ZEW Discussion Paper No. 03-09 // 2003

    Climate Policy Beyond Kyoto: Quo Vadis? A Computable General Equilibrium Analysis Based on Expert Judgements

    Despite of the apparent failure of the Kyoto Protocol with respect to environmental effectiveness, it has established a broad international mechanism that might be able to provide a global reduction of…

  6. ZEW Discussion Paper No. 03-11 // 2003

    Systemic Risk in European Banking - Evidence from Bivariate GARCH Models

    This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate conditional correlations between European bank stock indices. These correlations are used as…

  7. ZEW Discussion Paper No. 03-08 // 2003

    On the Design of Optimal Grandfathering Schemes for Emission Allowances

    To meet its commitment under the Kyoto Protocol, the EU plans to implement an emissions trading system with grandfathering of allowances. Besides having distributional impacts, the choice of the grandfathering…

  8. ZEW Discussion Paper No. 03-07 // 2003

    The Link Between Firm-Level Innovation and Aggregate Productivity Growth A Cross-Country Examination

    This paper investigates whether failure in innovation at the firm level can account for cross-country heterogeneity in manufacturing productivity growth. There is no strong evidence in the literature on the…

  9. ZEW Discussion Paper No. 03-06 // 2003

    Dynamic Optimal Capital Structure and Technological Change

    This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm’s equity or bank-debt financing investments. Using a dynamic adjustment approach…

Contact for orders

Kerstin Heres

Kerstin Heres

Information and Knowledge Management, Sales Email kerstin.heres@zew.de Phone +49 (0)621 1235-130
To the profile