Energy Costs in Germany—Developments, Drivers and International Comparison

This article summarises results a study undertaken by Frontier Economics and the EWI for the German Ministry of Economics. The study makes progress in creating transparency of energy supply prices and cost (for electricity, gas and oil products) in Germany in an international context. In Germany most retail prices have increased significantly since 1998 and are at the highest level for most customer groups and products in international comparison. Main drivers that differentiate prices internationally are, duties and taxes, network tariffs, political interference with retail prices and the degree of end customer competition. Based on this analysis the authors recommend a review of the consistency of policy measures (especially taxes, duties, levies and subsidies) with the energy policy goals of price competitiveness, security of supply and environmental sustainability. Furthermore, the authors suggest further refining network regulation, enhancing competition in the retail sector and improving transparency of price information.     

The effects of cross‐border M&As on the acquirers’ domestic performance: firm‐level evidence

Abstract This paper provides empirical evidence on the effects of cross‐border mergers and acquisitions (M&As) on the acquiring firms’ domestic performance in the U.K. and France. We build a new firm‐level data set that combines a global M&A database with balance sheet data for the years 2000 to 2007. Combining matching techniques with a difference‐in‐differences estimator, we find that cross‐border M&As boost on average acquirers’ domestic sales and investment, and they are not accompanied by a downsizing of the domestic labour force in either country. Further, cross‐border M&As in knowledge‐intensive industries lead to improvements in domestic productivity. Our results display some heterogeneity across industries and types of acquisitions, suggesting a connection between the motives for international M&As and their resulting effects.     

Subjekt,Objekt, Didaktik

Heilberufe - In diesem Artikel wird die Orientierung der Pflege am Subjekt im Kontext der Ausbildung betrachtet. Es werden Beispiele für didaktische Prinzipien, sowie Methoden, die einem...     

Brand name influence on brand perception

The impact of hotel names on the evaluation of the hotels by customers prior to their stay was investigated. In general, hotels were rated higher on attributes consistent with the semantic associations of the name than on inconsistent attributes. This name effect was somewhat reduced—but still strong—when actual feature information was given, when consumers were explicitly told that the hotels bearing different names had exactly the same features, when consumers were provided with testimonials from former hotel guests, when consumers were informed that the name had changed in the past or would change in the future, and when the actual features were in with the image evoked by the name. The results corroborate the widely accepted assertion that consumers use brand names as diagnostic and legitimate search attributes. Most notably, the findings imply that the effects are robust and resistant to elimination. Four hundred clients of a travel agency participated in this research. © 2007 Wiley Periodicals, Inc.     

Im Osten was Neues? Ein Beitrag zur Standortbestimmung der Kommunikations- und Medienwissenschaft

The aim of this article is to systematically describe and evaluate the foundation and extension of new study programs in communication and media science, and to develop further perspectives for the field. By means of a survey, the boom of programs in communication and media science at German universities is described. The various causes for this boom are not only found in the development of the media branch but also in the new (and perhaps questionable) responsibilities of university education that are subsumed under the concept of »media competence«. The article discusses the actual situation of the field against the background of the already existing debate about its self-conception. It names dimensions of the problem and develops consequences for the necessary structuring of the expanding university discipline of »communication and media science«. For the structuring, an intensified theoretical reflection about the subjects of the field, its methods, and the disassociation from neighbouring fields (still) seem to be important.     

Financial Constraints and the Extensive and Intensive Margin of Firm Exports: Panel Data Evidence from China

Some theoretical work suggests credit constraints to hamper exports while other work suggests that they deter firms' sales at large. Hence, credit constraints might reduce the export–sales ratio or not. This paper assesses the role of credit constraints for the export–sales ratio at the firm level. We explore this hypothesis empirically, using cross‐section and panel data on Chinese enterprises compiled by the National Bureau of Statistics of China. We approximate credit constraints by a firm's ratio of liquid debt to sales and, alternatively, the ratio of liquid assets to total assets. In particular, we estimate the impact of these financial fundamentals on the extensive and the intensive margins of firm‐level exports in two‐part fractional response models. Fixed effects panel regressions point to a negative relationship between export–sales ratios and credit constraints only at the extensive margin.     

Fostering environmental behaviors through observational learning

Abstract

This study applied and operationalized Bandura’s (1977 Bandura, A. (1977). Self-efficacy: Toward a unifying theory of behavioral change. Psychological Review, 84(2), 191. doi: 10.1037/0033-295X.84.2.191[Crossref], [PubMed], [Web of Science ®] , [Google Scholar], 1986 Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Englewood Cliffs, NJ: Prentice-Hall. [Google Scholar]) four-step observational learning process (i.e., attention, retention, production, and motivation) to investigate how tour-guides, peer ecotourists, and local community members influenced a convenience sample of South Korean ecotourists’ environmentally responsible behavioral (ERB) intentions. Questionnaires were administered immediately after an ecotourism experience (n?=?207). Path analysis results largely supported a hypothesized Ecotourist Observational Learning Model and predicted ecotourists’ ERB intentions moderately well. Production (i.e., opportunities to engage in modeled ERBs) and motivation (i.e., positive reinforcement for engaging in these ERBs) predicted participants’ ERB intentions. Production was predicted by retention (i.e., observation of tour-guides and peer ecotourists’ modeled ERBs), which was, in turn, predicted by attention (i.e., physical, verbal and cognitive engagement). The findings indicate that Bandura’s (1986 Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Englewood Cliffs, NJ: Prentice-Hall. [Google Scholar]) four-step observational learning process helps explain how ecotourists develop ERB intentions. The implications of the study indicate that tour-guides should model ERBs for participants, encourage participants to model ERBs for each other, provide opportunities for participants to engage in ERBs, and provide them with positive feedback for doing so. Others who seek to understand the processes underlying ecotourists’ ERBs during and after their experiences are encouraged to further test and build on the Ecotourist Observational Learning Model.