Publications

The KCG has various series of publications to provide research findings and policy implications to different interested groups, e.g., students, academics, policy makers and the public.

Financial Frictions and Foreign Direct Investment: Evidence from Japanese Microdata

5th April 2018
KCG Secretary
Authors: Horst Raff, Michael Ryan and Frank Stähler (Journal of International Economics, 2018, Vol. 112, 109-122)

Using Japanese microdata for the period 1980 to 2000 we find evidence for two transmission channels from financial shocks to foreign direct investment: a collateral channel, whereby changes in the value of investors’ landholdings affect their borrowing ability; and a lending channel[…]

KCG Working Paper No. 10: Financial Frictions and Foreign Direct Investment: Evidence from Japanese Microdata

16th March 2018
KCG Secretary
Publications
Publications
Authors: Horst Raff, Michael Ryan and Frank Stähler

Using Japanese microdata for the period 1980 to 2000 we find evidence for two transmission channels from financial shocks to foreign direct investment: a collateral channel, whereby changes in the value of investors’ landholdings affect their borrowing ability; and a lending channel, whereby changes in bank health affect banks’ lending ability. Decreasing land values[…]

FAZ Article on Corporate Morality and Manager Behaviour by Ludger Heidbrink

15th March 2018
KCG Secretary
Publications
Publications
Business ethics has been a widely discussed topic for years. The need for further research to gain more insights into this area has been enhanced particularly against the background with more and more business scandals emerged in the real life like VW’s software manipulation in diesel powered vehicles and diesel emissions tests on monkeys and humans[…]

KCG Working Paper No. 9: Markups of Exporters and Importers: Evidence from Hungary

8th March 2018
KCG Secretary
Publications
Publications
Authors: Cecilia Hornok and Balázs Muraközy

This paper studies the relationship between firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markups both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher physical productivity resulting from access to a larger variety of inputs and quality upgrading based on high-quality imported intermediate inputs[…]

Markups of Exporters and Importers: Evidence from Hungary

1st March 2018
KCG Secretary
Authors: Cecília Hornok and Balázs Muraközy (The Scandinavian Journal of Economics, 2019, Vol. 121(3), 1303-1333)

This paper studies the relationship between different proxies of firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markup measures both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher physical productivity resulting from access to a larger variety of inputs, and quality upgrading based on high-quality imported intermediate inputs[…]

Holger Görg Joined the KAS-BKU Expert Conference “Grenzen des Handel(n)s (Limits to Trade/Action)” as a Panelist in January

15th February 2018
KCG Secretary
Publications
Publications
Prof. Holger Görg, Ph.D., Managing Director of the Kiel Centre for Globalization was invited to be a panelist at the 11th KAS-BKU Expert Conference of Development and Economics on January 26-27, 2018 in Bonn. The overarching topic of the Expert Conference this year was “Grenzen des Handel(n)s (Limits to Trade/Action)”. The Conference started with opening remarks by Prof. Dr. Dr. Ulrich Hemel (Chairman of BKU) and Dr. Peter Fischer-Bollin (Deputy Head of the Dept. “European and International Cooperation” at KAS), followed by speeches and three panel sessions[…]

Environmental Regulation and Sustainable Competitiveness: Evaluating the Role of Firm-Level Green Investments in the Context of the Porter Hypothesis

30th January 2018
KCG Secretary
Authors: Jana Stoever and John P. Weche (Environmental and Resource Economics, 2018, Vol. 70(2), 429-455)

We investigate the impact of environmental regulation on firm performance and investment behavior. Exploiting the case of a German water withdrawal regulation that is managed on the state level, we analyze firms’ reactions to an increase in the water tax using a regression-adjusted difference-in-differences approach. We analyze the individual firm’s response to a change in environmental regulation, distinguishing between add-on and integrated environmental investments […]