---
_id: '29313'
abstract:
- lang: eng
  text: 'Employing a unique sample of 2,849 tariﬀ imposition announcements by and
    against the United States (U.S.) over the period from 2018 to 2019, this study
    analyzes the impact of recent tariﬀ announcements on share prices from 859 U.S.
    companies. We provide evidence for negative (cumulative) average abnormal stock
    returns due to tariﬀ announcements during a symmetric three-day event window.
    We suggest that stock market investors expect adverse impacts of tariﬀ impositions,
    e.g. a decrease in the companies’ future cash ﬂows and a threat of retaliation.
    The negative wealth eﬀects are observed irrespective of whether the Trump administration
    announces safeguard tariﬀs to protect domestic ﬁrms or a retaliation is declared
    by foreign countries. Moreover, building several subsamples, we ﬁnd that the adverse
    impact is mostly driven by announcements involving China and is associated with
    a variety of sector, tariﬀ, trade and ﬁrm characteristics. '
author:
- first_name: Sascha Tobias
  full_name: Wengerek, Sascha Tobias
  last_name: Wengerek
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
  orcid: https://orcid.org/0000-0002-8058-8857
citation:
  ama: Wengerek ST, Uhde A. <i>Share Price Reactions to Tariﬀ Imposition Announcements
    in the Trump Era – an Event Study of the Trade Conﬂict</i>.; 2021.
  apa: Wengerek, S. T., &#38; Uhde, A. (2021). <i>Share Price Reactions to Tariﬀ Imposition
    Announcements in the Trump Era – an Event Study of the Trade Conﬂict</i>.
  bibtex: '@book{Wengerek_Uhde_2021, title={Share Price Reactions to Tariﬀ Imposition
    Announcements in the Trump Era – an Event Study of the Trade Conﬂict}, author={Wengerek,
    Sascha Tobias and Uhde, André}, year={2021} }'
  chicago: Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariﬀ
    Imposition Announcements in the Trump Era – an Event Study of the Trade Conﬂict</i>,
    2021.
  ieee: S. T. Wengerek and A. Uhde, <i>Share Price Reactions to Tariﬀ Imposition Announcements
    in the Trump Era – an Event Study of the Trade Conﬂict</i>. 2021.
  mla: Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariﬀ
    Imposition Announcements in the Trump Era – an Event Study of the Trade Conﬂict</i>.
    2021.
  short: S.T. Wengerek, A. Uhde, Share Price Reactions to Tariﬀ Imposition Announcements
    in the Trump Era – an Event Study of the Trade Conﬂict, 2021.
date_created: 2022-01-13T11:06:25Z
date_updated: 2024-04-17T13:35:20Z
department:
- _id: '186'
- _id: '19'
jel:
- F14
- F18
- F23
- F51
keyword:
- event study
- international relations
- protectionism
- strategic trade policy
- tariﬀs
- trade conﬂict
language:
- iso: eng
status: public
title: Share Price Reactions to Tariﬀ Imposition Announcements in the Trump Era –
  an Event Study of the Trade Conﬂict
type: working_paper
user_id: '21810'
year: '2021'
...
---
_id: '17703'
abstract:
- lang: eng
  text: Employing a unique sample of 2,849 tariff imposition announcements by and
    against the United States (U.S.) over the period from 2018 to 2019, this study
    analyzes the impact of recent tariff announcements on share prices from 859 U.S.
    companies. We provide evidence for negative (cumulative) average abnormal stock
    returns due to tariff announcements during a symmetric three-day event window.
    We suggest that stock market investors expect adverse impacts of tariff impositions,
    e.g. a decrease in the companies' future cash flows and a threat of retaliation.
    The negative wealth effects are observed irrespective of whether the Trump administration
    announces safeguard tariffs to protect domestic firms or a retaliation is declared
    by foreign countries. Moreover, building several subsamples, we find that the
    adverse impact is mostly driven by announcements involving China and is associated
    with a variety of sector, tariff, trade and firm characteristics.
author:
- first_name: Sascha Tobias
  full_name: Wengerek, Sascha Tobias
  id: '48837'
  last_name: Wengerek
  orcid: 0000-0002-7820-3903
citation:
  ama: Wengerek ST. <i>Share Price Reactions to Tariff Imposition Announcements in
    the Trump Era - An Event Study of the Trade Conflict</i>.; 2020.
  apa: Wengerek, S. T. (2020). <i>Share price reactions to tariff imposition announcements
    in the Trump era - An event study of the trade conflict</i>.
  bibtex: '@book{Wengerek_2020, title={Share price reactions to tariff imposition
    announcements in the Trump era - An event study of the trade conflict}, author={Wengerek,
    Sascha Tobias}, year={2020} }'
  chicago: Wengerek, Sascha Tobias. <i>Share Price Reactions to Tariff Imposition
    Announcements in the Trump Era - An Event Study of the Trade Conflict</i>, 2020.
  ieee: S. T. Wengerek, <i>Share price reactions to tariff imposition announcements
    in the Trump era - An event study of the trade conflict</i>. 2020.
  mla: Wengerek, Sascha Tobias. <i>Share Price Reactions to Tariff Imposition Announcements
    in the Trump Era - An Event Study of the Trade Conflict</i>. 2020.
  short: S.T. Wengerek, Share Price Reactions to Tariff Imposition Announcements in
    the Trump Era - An Event Study of the Trade Conflict, 2020.
date_created: 2020-08-07T09:34:29Z
date_updated: 2022-01-06T06:53:17Z
department:
- _id: '186'
jel:
- F14
- F18
- F23
- F51
keyword:
- event study
- international relations
- protectionism
- strategic trade policy
- tariffs
- trade conflict
language:
- iso: eng
main_file_link:
- url: https://ideas.repec.org/p/pdn/dispap/59.html
page: '63'
status: public
title: Share price reactions to tariff imposition announcements in the Trump era -
  An event study of the trade conflict
type: working_paper
user_id: '48837'
year: '2020'
...
---
_id: '29223'
abstract:
- lang: eng
  text: 'Die Klage über mangelnde Steuermoral ist in der aktuellen Medienberichterstattung
    omnipräsent, aber sie ist nicht neu: Bereits kurz nach dem Zweiten Weltkrieg wurde
    bemängelt, die Deutschen in den westlichen Besatzungszonen hinterzögen ihre Steuern.
    Verfiel die westdeutsche Steuermoral schon damals? Wie veränderte sie sich im
    Zeitraum zwischen 1945 und 1953? Nach einem kurzen Überblick über die Geschichte
    der interdisziplinären Steuermoralforschung und einigen methodischen Überlegungen,
    wie Historiker*innen die Entwicklung der Steuermoral qualitativ untersuchen können,
    wird im vorliegenden Aufsatz der Diskurs um das Steuerzahlen in der Nachkriegszeit
    analysiert. Durch die Analyse von Zeitungsberichten und Parlamentsdebatten werden
    drei unterschiedliche, konkurrierende Narrative identifiziert, die geeignet waren,
    ganz verschiedene »policy windows« zu öffnen. Die historische Untersuchung zeigt,
    dass Narrative über das (ehrliche) Steuerzahlen immer mit bestimmten politischen
    Interessen verknüpft sind - und dass sie deshalb auch im aktuellen Diskurs über
    das (ehrliche) Steuerzahlen sorgfältig analysiert werden sollten. '
author:
- first_name: Korinna
  full_name: Schönhärl, Korinna
  id: '89037'
  last_name: Schönhärl
  orcid: 0000-0002-7967-3261
citation:
  ama: Schönhärl K. Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine
    diskursanalytische Rekonstruktion. <i>Leviathan</i>. 2019;47(2):169-191. doi:<a
    href="https://doi.org/10.5771/0340-0425-2019-2-169">10.5771/0340-0425-2019-2-169</a>
  apa: Schönhärl, K. (2019). Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg.
    Eine diskursanalytische Rekonstruktion. <i>Leviathan</i>, <i>47</i>(2), 169–191.
    <a href="https://doi.org/10.5771/0340-0425-2019-2-169">https://doi.org/10.5771/0340-0425-2019-2-169</a>
  bibtex: '@article{Schönhärl_2019, title={Steuermoral in Westdeutschland nach dem
    Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion}, volume={47}, DOI={<a
    href="https://doi.org/10.5771/0340-0425-2019-2-169">10.5771/0340-0425-2019-2-169</a>},
    number={2}, journal={Leviathan}, publisher={Nomos Verlag}, author={Schönhärl,
    Korinna}, year={2019}, pages={169–191} }'
  chicago: 'Schönhärl, Korinna. “Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg.
    Eine diskursanalytische Rekonstruktion.” <i>Leviathan</i> 47, no. 2 (2019): 169–91.
    <a href="https://doi.org/10.5771/0340-0425-2019-2-169">https://doi.org/10.5771/0340-0425-2019-2-169</a>.'
  ieee: 'K. Schönhärl, “Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg.
    Eine diskursanalytische Rekonstruktion,” <i>Leviathan</i>, vol. 47, no. 2, pp.
    169–191, 2019, doi: <a href="https://doi.org/10.5771/0340-0425-2019-2-169">10.5771/0340-0425-2019-2-169</a>.'
  mla: Schönhärl, Korinna. “Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg.
    Eine diskursanalytische Rekonstruktion.” <i>Leviathan</i>, vol. 47, no. 2, Nomos
    Verlag, 2019, pp. 169–91, doi:<a href="https://doi.org/10.5771/0340-0425-2019-2-169">10.5771/0340-0425-2019-2-169</a>.
  short: K. Schönhärl, Leviathan 47 (2019) 169–191.
date_created: 2022-01-11T08:43:50Z
date_updated: 2022-01-11T08:56:08Z
department:
- _id: '445'
doi: 10.5771/0340-0425-2019-2-169
extern: '1'
intvolume: '        47'
issue: '2'
keyword:
- Political Science and International Relations
- Linguistics and Language
- Sociology and Political Science
- Language and Linguistics
language:
- iso: ger
page: 169-191
publication: Leviathan
publication_identifier:
  issn:
  - 0340-0425
publication_status: published
publisher: Nomos Verlag
quality_controlled: '1'
status: public
title: Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische
  Rekonstruktion
type: journal_article
user_id: '89037'
volume: 47
year: '2019'
...
---
_id: '36004'
abstract:
- lang: eng
  text: 'Employing a unique sample of 2,849 tariff imposition announcements by and
    against the United States (U.S.) over the period from 2018 to 2019, this study
    analyzes the impact of recent tariff announcements on share prices from 859 U.S.
    companies. We provide evidence for negative (cumulative) average abnormal stock
    returns due to tariff announcements during a symmetric three-day event window.
    We suggest that stock market investors expect adverse impacts of tariff impositions,
    e.g. a decrease in the companies'' future cash flows and a threat of retaliation.
    The negative wealth effects are observed irrespective of whether the Trump administration
    announces safeguard tariffs to protect domestic firms or a retaliation is declared
    by foreign countries. Moreover, building several subsamples, we find that the
    adverse impact is mostly driven by announcements involving China and is associated
    with a variety of sector, tariff, trade and firm characteristics. '
author:
- first_name: Sascha Tobias
  full_name: Wengerek, Sascha Tobias
  last_name: Wengerek
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Wengerek ST, Uhde A. <i>Share Price Reactions to Tariff Imposition Announcements
    in the Trump Era – An Event Study of the Trade Conflict</i>. Paderborn University;
    2019.
  apa: Wengerek, S. T., &#38; Uhde, A. (2019). <i>Share price reactions to tariff
    imposition announcements in the Trump era – An event study of the trade conflict</i>.
    Paderborn University.
  bibtex: '@book{Wengerek_Uhde_2019, title={Share price reactions to tariff imposition
    announcements in the Trump era – An event study of the trade conflict}, publisher={Paderborn
    University}, author={Wengerek, Sascha Tobias and Uhde, André}, year={2019} }'
  chicago: Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff
    Imposition Announcements in the Trump Era – An Event Study of the Trade Conflict</i>.
    Paderborn University, 2019.
  ieee: S. T. Wengerek and A. Uhde, <i>Share price reactions to tariff imposition
    announcements in the Trump era – An event study of the trade conflict</i>. Paderborn
    University, 2019.
  mla: Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff
    Imposition Announcements in the Trump Era – An Event Study of the Trade Conflict</i>.
    Paderborn University, 2019.
  short: S.T. Wengerek, A. Uhde, Share Price Reactions to Tariff Imposition Announcements
    in the Trump Era – An Event Study of the Trade Conflict, Paderborn University,
    2019.
date_created: 2023-01-11T10:57:04Z
date_updated: 2023-01-11T11:05:30Z
department:
- _id: '186'
- _id: '188'
jel:
- F14
- F18
- F23
- F51
keyword:
- event study
- international relations
- protectionism
- strategic trade policy
- tariffs
- trade conflict
language:
- iso: eng
publication_status: published
publisher: Paderborn University
status: public
title: Share price reactions to tariff imposition announcements in the Trump era –
  An event study of the trade conflict
type: working_paper
user_id: '21810'
year: '2019'
...
---
_id: '51320'
abstract:
- lang: eng
  text: <p>Die Systemtheorie und die Kritische Theorie sind Schulen, die Theoretikerinnen
    seit langem ein Zuhause bieten. In der Zeit ihres Bestehens kam es immer wieder
    zu Treffpunkten und Theoriekollisionen dieser beiden Traditionen des Denkens der
    Gesellschaft. Durch die hier entwickelte Metareflexion wird es möglich, zu analysieren,
    wie diese Theorietraditionen verbunden werden. Da sich die aktuelle Diskussion
    auf die Perspektive der Systemtheorie beschränkt, ist es notwendig, die Verbindung
    auch aus der Perspektive Kritischer Theorie zu debattieren. Denn erst die Unterscheidung
    der heute immer mehr ins Gespräch kommenden Kritischen Systemtheorie von der kaum
    diskutierten Kritischen Theorie sozialer Systeme macht es möglich, die volle Produktivität
    der Theoriekollisionen zu erkennen. Wir konzipieren unsere Metareflexion damit
    als eine Intervention im Sinne einer soziologischen Selbstkritik. Sie richtet
    sich gegen die Gefahr des theoretischen Dogmatismus und plädiert für die Öffnung
    der Kontingenz des eigenen Denkens der Gesellschaft. </p>
author:
- first_name: Rafael
  full_name: Alvear, Rafael
  last_name: Alvear
- first_name: Christoph
  full_name: Haker, Christoph
  id: '104448'
  last_name: Haker
citation:
  ama: Alvear R, Haker C. Kritische Systemtheorie und Kritische Theorie sozialer Systeme.
    Ein Plädoyer für eine fruchtbare Unterscheidung. <i>Leviathan</i>. 2019;47(4):498-513.
    doi:<a href="https://doi.org/10.5771/0340-0425-2019-4-498">10.5771/0340-0425-2019-4-498</a>
  apa: Alvear, R., &#38; Haker, C. (2019). Kritische Systemtheorie und Kritische Theorie
    sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung. <i>Leviathan</i>,
    <i>47</i>(4), 498–513. <a href="https://doi.org/10.5771/0340-0425-2019-4-498">https://doi.org/10.5771/0340-0425-2019-4-498</a>
  bibtex: '@article{Alvear_Haker_2019, title={Kritische Systemtheorie und Kritische
    Theorie sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung}, volume={47},
    DOI={<a href="https://doi.org/10.5771/0340-0425-2019-4-498">10.5771/0340-0425-2019-4-498</a>},
    number={4}, journal={Leviathan}, publisher={Nomos Verlag}, author={Alvear, Rafael
    and Haker, Christoph}, year={2019}, pages={498–513} }'
  chicago: 'Alvear, Rafael, and Christoph Haker. “Kritische Systemtheorie Und Kritische
    Theorie Sozialer Systeme. Ein Plädoyer Für Eine Fruchtbare Unterscheidung.” <i>Leviathan</i>
    47, no. 4 (2019): 498–513. <a href="https://doi.org/10.5771/0340-0425-2019-4-498">https://doi.org/10.5771/0340-0425-2019-4-498</a>.'
  ieee: 'R. Alvear and C. Haker, “Kritische Systemtheorie und Kritische Theorie sozialer
    Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung,” <i>Leviathan</i>, vol.
    47, no. 4, pp. 498–513, 2019, doi: <a href="https://doi.org/10.5771/0340-0425-2019-4-498">10.5771/0340-0425-2019-4-498</a>.'
  mla: Alvear, Rafael, and Christoph Haker. “Kritische Systemtheorie Und Kritische
    Theorie Sozialer Systeme. Ein Plädoyer Für Eine Fruchtbare Unterscheidung.” <i>Leviathan</i>,
    vol. 47, no. 4, Nomos Verlag, 2019, pp. 498–513, doi:<a href="https://doi.org/10.5771/0340-0425-2019-4-498">10.5771/0340-0425-2019-4-498</a>.
  short: R. Alvear, C. Haker, Leviathan 47 (2019) 498–513.
date_created: 2024-02-12T12:30:13Z
date_updated: 2024-02-12T12:36:00Z
department:
- _id: '477'
doi: 10.5771/0340-0425-2019-4-498
intvolume: '        47'
issue: '4'
keyword:
- Political Science and International Relations
- Linguistics and Language
- Sociology and Political Science
- Language and Linguistics
language:
- iso: eng
page: 498-513
publication: Leviathan
publication_identifier:
  issn:
  - 0340-0425
publication_status: published
publisher: Nomos Verlag
status: public
title: Kritische Systemtheorie und Kritische Theorie sozialer Systeme. Ein Plädoyer
  für eine fruchtbare Unterscheidung
type: journal_article
user_id: '104448'
volume: 47
year: '2019'
...
---
_id: '57318'
abstract:
- lang: eng
  text: "The Routledge Handbook on the European Neighbourhood Policy provides a comprehensive
    overview of the EU’s most important foreign policy instrument, provided by leading
    experts in the field.\r\nCoherently structured and adopting a multidisciplinary
    approach, this handbook covers the most important themes, developments and dynamics
    in the EU’s neighbourhood policy framework through a series of cutting-edge contributions.
    With chapters from a substantial number of scholars who have been influential
    in shaping the study of the ENP, this handbook serves to encourage debates which
    will hopefully produce more conceptual as well as neighbourhood-specific perspectives
    leading to enriching future studies on the EU’s policies towards its neighbourhood.\r\nIt
    will be a key reference point both for advanced-level students, scholars and professionals
    developing knowledge in the fields of EU/European Studies, European Foreign Policy
    Analysis, Area studies, EU law, and more broadly in political economy, political
    science, comparative politics and international relations."
citation:
  ama: Schumacher T, Marchetti A, Demmelhuber T, eds. <i>The Routledge Handbook on
    the European Neighbourhood Policy</i>. Routledge; 2018.
  apa: Schumacher, T., Marchetti, A., &#38; Demmelhuber, T. (Eds.). (2018). <i>The
    Routledge Handbook on the European Neighbourhood Policy</i>. Routledge.
  bibtex: '@book{Schumacher_Marchetti_Demmelhuber_2018, place={Abingdon/New York},
    title={The Routledge Handbook on the European Neighbourhood Policy}, publisher={Routledge},
    year={2018} }'
  chicago: 'Schumacher, Tobias, Andreas Marchetti, and Thomas Demmelhuber, eds. <i>The
    Routledge Handbook on the European Neighbourhood Policy</i>. Abingdon/New York:
    Routledge, 2018.'
  ieee: 'T. Schumacher, A. Marchetti, and T. Demmelhuber, Eds., <i>The Routledge Handbook
    on the European Neighbourhood Policy</i>. Abingdon/New York: Routledge, 2018.'
  mla: Schumacher, Tobias, et al., editors. <i>The Routledge Handbook on the European
    Neighbourhood Policy</i>. Routledge, 2018.
  short: T. Schumacher, A. Marchetti, T. Demmelhuber, eds., The Routledge Handbook
    on the European Neighbourhood Policy, Routledge, Abingdon/New York, 2018.
date_created: 2024-11-22T00:09:29Z
date_updated: 2024-11-22T00:10:47Z
editor:
- first_name: Tobias
  full_name: Schumacher, Tobias
  last_name: Schumacher
- first_name: Andreas
  full_name: Marchetti, Andreas
  id: '41561'
  last_name: Marchetti
- first_name: Thomas
  full_name: Demmelhuber, Thomas
  last_name: Demmelhuber
keyword:
- European Neighbourdhood Policy
- European Union
- International Relations
language:
- iso: eng
page: '554'
place: Abingdon/New York
publication_identifier:
  isbn:
  - '9781138913721'
publication_status: published
publisher: Routledge
related_material:
  link:
  - relation: table_of_contents
    url: https://www.routledge.com/The-Routledge-Handbook-on-the-European-Neighbourhood-Policy/Schumacher-Marchetti-Demmelhuber/p/book/9781138913721
status: public
title: The Routledge Handbook on the European Neighbourhood Policy
type: book_editor
user_id: '41561'
year: '2018'
...
