@techreport{DiCarloHasselHoepner, type = {Working Paper}, author = {Di Carlo, Donato and Hassel, Anke and H{\"o}pner, Martin}, title = {Germany's coordinated policy response to the energy crisis: shielding the export-led model at all costs}, series = {LUHNIP Working Paper Series}, journal = {LUHNIP Working Paper Series}, edition = {1/2023}, publisher = {Luiss Institute for European Analysis and Policy}, address = {Rome}, pages = {18}, abstract = {Executive Summary: ▪ The German government has taken decisive actions in response to the dual economic shocks linked to the Covid-19 pandemic and Russian gas supplies' cut-off - with the main objective of protecting its export-oriented industrial economy. ▪ By engaging in "competitive corporatism," the coalitional government has worked closely with the social partners - especially representatives from the chemical and metalworking-engineering export sectors - to restore domestic firms' cost competitiveness while providing social compensation to vulnerable households and individuals. ▪ The government's concerted threefold strategy to uphold the export-led growth regime includes: (1) measures aimed at reducing firms' energy costs; (2) in/direct measures aimed at controlling the rise of labour costs to prevent a wage-price spiral; (3) substantial state aid provided to ailing firms. ▪ The scope of state intervention in Germany's economy is unparalleled, entailing significant fiscal outlays for protective measures, made possible by Germany's advantageous sovereign refinancing capacity. Germany's economic activism risks jeopardising the EU single market due to extensive state aid, especially since Germany resists joint fiscal resource pooling for EU-wide industrial policy.}, language = {en} } @techreport{HasselDiCarloHoepner, type = {Working Paper}, author = {Hassel, Anke and Di Carlo, Donato and H{\"o}pner, Martin}, title = {The return of inflation and three meanings of wage restraint}, series = {LSE Blog EUROPP}, journal = {LSE Blog EUROPP}, abstract = {The sharp increase in inflation across Europe over the last two years has led to calls from some actors for a policy of wage restraint to prevent a vicious circle of price rises. Yet as Martin H{\"o}pner, Anke Hassel and Donato Di Carlo write, the fact that "wage restraint" can be understood in multiple different ways has created confusion about the link between wages and prices.}, language = {en} } @article{HasselHoepnerKurdelbuschetal., author = {Hassel, Anke and H{\"o}pner, Martin and Kurdelbusch, Antje and Rehder, Britta and Zugeh{\"o}r, Rainer}, title = {Two Dimensions of the Internationalization of Firms}, series = {Journal of Management Studies}, volume = {40}, journal = {Journal of Management Studies}, number = {3}, editor = {Morgan, Glenn}, doi = {10.1111/1467-6486.00357}, pages = {705 -- 723}, abstract = {The paper argues that there are two dimensions of internationalization: one which refers to the production activities of firms abroad and one which focuses on the corporate governance dimension of firms. While the first one is well known in the literature on internationalization, the financial dimension has not yet been addressed empirically. At the same time there are indicators that financial internationalization is gaining importance. Using a sample of the 100 largest German companies it shows that both dimensions, the real and the financial dimension, do not co-vary and therefore cannot be combined into one index.}, language = {en} } @article{HasselHoepnerKurdelbuschetal., author = {Hassel, Anke and H{\"o}pner, Martin and Kurdelbusch, Antje and Rehder, Britta and Zugeh{\"o}r, Rainer}, title = {Zwei Dimensionen der Internationalisierung: Eine empirische Analyse deutscher Grossunternehmen}, series = {K{\"o}lner Zeitschrift f{\"u}r Soziologie und Sozialpsychologie}, volume = {52}, journal = {K{\"o}lner Zeitschrift f{\"u}r Soziologie und Sozialpsychologie}, number = {3}, doi = {10.1007/s11577-000-0070-2}, pages = {500 -- 519}, abstract = {Um den Einfluß wirtschaftlicher Internationalisierung auf nationale Institutionengef{\"u}ge zu {\"u}berpr{\"u}fen, werden geeignete Messverfahren zur Messung von Internationalisierung ben{\"o}tigt. Der Beitrag stellt ein Verfahren zur Messung der Internationalisierung von Unternehmen vor. Dabei wird davon ausgegangen, dass die Internationalisierung von Unternehmen mehrere unterscheidbare Dimensionen hat. Die realwirtschaftliche Dimension beschreibt die g{\"u}ter- und produktionswirtschaftliche grenz{\"u}berschreitende Expansion der Unternehmen, w{\"a}hrend die kapitalmarktbezogene Dimension die Orientierung der Unternehmen an internationalen Kapitalm{\"a}rkten abbildet. Anhand einer Untersuchung {\"u}ber den Internationalisierungsgrad der 100 gr{\"o}ßten deutschen Unternehmen werden beide Internationalisierungsdimensionen empirisch {\"u}berpr{\"u}ft. Die Faktorenanalyse unterst{\"u}tzt die Annahme, dass sich beide Dimensionen empirisch deutlich voneinander unterscheiden lassen. Anhand der vorgestellten Messmethoden lassen sich die Unternehmen eindeutig in stark und schwach internationalisierte Unternehmen einteilen.}, language = {de} }