Der Wirtschaftsstabilisierungsfonds — eine (Zwischen-)Bilanz

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 b...

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Detalles Bibliográficos
Autores principales: Steinberg, Philipp, Lüthen, Holger, Gehring, Lukas, Schulz-Bianco, Daniel
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Analysen
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8933179/
http://dx.doi.org/10.1007/s10273-022-3136-1
Descripción
Sumario: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.

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