KCG Professors Have Contributed to the Report of the German Council of Economic Advisors

16th November 2017
KCG Secretary
News
News
Holger Görg and Aoife Hanley wrote a background paper for the latest report by the German Council of Economic Advisors (Sachverständigenrat). The background paper, entitled “Globalization: Implications for Firms in Germany”, looks at data at the firm level to shed light on questions such as: What types of firms are involved in trade or investments? What distinguishes these globalized firms, if anything, from firms that are not engaged in these international activities?[…]

Finn Ole Semrau Works As International Expert for GIZ in Mozambique

9th November 2017
KCG Secretary
News
News
KCG junior researcher Finn Ole Semrau is commissioned as international expert and study coordinator by the Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. Within the scope of this activity, he visited the provinces of Manica and Sofala in Mozambique for three weeks.
The KCG junior researcher supports the GIZ with the implementation of a baseline study focusing on smallholder farmers commercially active in the agricultural value chains of baobab, pigeon pea and organic rice. The baseline study is part of the monitoring system […]

Firms’ Financial Health was Key to Avoid Export Market Exit in the Global Financial Crisis

27th October 2017
KCG Secretary
News
News
The volume of international trade declined dramatically during the global financial crisis of 2008-09. Since then several explanations have been proposed for this sudden trade collapse. These include a fall in global demand, reviving trade protectionism, a domino effect created by global value chains, and the restriction in external finance for firms. Uncovering the contribution of these various causes to the severity of the trade collapse is crucial to understand the functioning of the global trade system and to mitigate the effects of future economic crises..[…]

KCG Working Paper No. 4: Export Market Exit and Financial Health in Crises Periods

19th October 2017
KCG Secretary
Publications
Publications
Authors: Holger Görg and Marina-Eliza Spaliara

This paper uses rich firm-level data for the UK to investigate the link between firms’ financial health and export exit, paying attention to the ERM currency crisis and the global financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit during the 2007-09 crisis but has no significant effect on the early 1990s crisis. We also explore the extent to which firms in financially vulnerable industries face greater sensitivity of export exit to financial conditions. We conclude that firms in sectors with great reliance on external finance experience higher hazards of exiting the export market during the 2007-09 crisis..[…]

KCG welcomes Prof. Dr. Johannes Brinkmann as External Research Fellow

19th October 2017
KCG Secretary
News
News
We are happy to announce that Prof. Dr. Johannes Brinkmann has recently joined the KCG as an External Research Fellow. Prof. Brinkmann is a professor of Business Ethics at the Department of Strategy and Entrepreneurship of the BI Norwegian Business School and adjunct professor at the Arctic University of Norway in Tromsø. He has extended expertise and research experience in the fields of business ethics, Socratic dialogue in ethics and teaching, comparative social science, and risk and insurance research. Prof. Brinkmann .[…]