The Economic Stabilisation Fund — An (Interim) Assessment
Abstract The Economic Stabilisation Fund (ESF) is one of several German state aid instruments set up to combat the economic fallout of COVID-19. The ESF offers a range of instruments from equity to hybrid capital, including silent participation and subordinated loans. In exceptional cases, the ESF m...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-03-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3136-1 |
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| author | Philipp Steinberg Holger Lüthen Lukas Gehring Daniel Schulz-Bianco |
| author_facet | Philipp Steinberg Holger Lüthen Lukas Gehring Daniel Schulz-Bianco |
| author_sort | Philipp Steinberg |
| collection | DOAJ |
| description | Abstract The Economic Stabilisation Fund (ESF) is one of several German state aid instruments set up to combat the economic fallout of COVID-19. The ESF offers a range of instruments from equity to hybrid capital, including silent participation and subordinated loans. In exceptional cases, the ESF may also become a direct shareholder. While the ESF stabilised only a relatively small number of companies, it constitutes an important building block in Germany’s overall business support framework. Due to its tailor-made stabilisation measures, companies of economic significance were successfully stabilised during the pandemic. |
| format | Article |
| id | doaj-art-fd0ca11b86664d828955ac57550b2a89 |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-fd0ca11b86664d828955ac57550b2a892025-02-03T02:56:46ZdeuSciendoWirtschaftsdienst1613-978X2022-03-01102319920310.1007/s10273-022-3136-1The Economic Stabilisation Fund — An (Interim) AssessmentPhilipp Steinberg0Holger Lüthen1Lukas Gehring2Daniel Schulz-Bianco3Abteilung Wirtschaftspolitik, Bundesministerium für Wirtschaft und EnergieAbteilung Wirtschaftspolitik, Referat IE3, Bundesministerium für Wirtschaft und EnergieAbteilung Wirtschaftspolitik, Referat IE3, Bundesministerium für Wirtschaft und EnergieAbteilung Wirtschaftspolitik, Referat IE3, Bundesministerium für Wirtschaft und EnergieAbstract The Economic Stabilisation Fund (ESF) is one of several German state aid instruments set up to combat the economic fallout of COVID-19. The ESF offers a range of instruments from equity to hybrid capital, including silent participation and subordinated loans. In exceptional cases, the ESF may also become a direct shareholder. While the ESF stabilised only a relatively small number of companies, it constitutes an important building block in Germany’s overall business support framework. Due to its tailor-made stabilisation measures, companies of economic significance were successfully stabilised during the pandemic.https://doi.org/10.1007/s10273-022-3136-1 |
| spellingShingle | Philipp Steinberg Holger Lüthen Lukas Gehring Daniel Schulz-Bianco The Economic Stabilisation Fund — An (Interim) Assessment Wirtschaftsdienst |
| title | The Economic Stabilisation Fund — An (Interim) Assessment |
| title_full | The Economic Stabilisation Fund — An (Interim) Assessment |
| title_fullStr | The Economic Stabilisation Fund — An (Interim) Assessment |
| title_full_unstemmed | The Economic Stabilisation Fund — An (Interim) Assessment |
| title_short | The Economic Stabilisation Fund — An (Interim) Assessment |
| title_sort | economic stabilisation fund an interim assessment |
| url | https://doi.org/10.1007/s10273-022-3136-1 |
| work_keys_str_mv | AT philippsteinberg theeconomicstabilisationfundaninterimassessment AT holgerluthen theeconomicstabilisationfundaninterimassessment AT lukasgehring theeconomicstabilisationfundaninterimassessment AT danielschulzbianco theeconomicstabilisationfundaninterimassessment AT philippsteinberg economicstabilisationfundaninterimassessment AT holgerluthen economicstabilisationfundaninterimassessment AT lukasgehring economicstabilisationfundaninterimassessment AT danielschulzbianco economicstabilisationfundaninterimassessment |