Felix Noth

Felix Noth is a Professor of Banking and Financial Systems at Otto-von-Guericke University Magdeburg and Deputy Head of the Financial Markets Department at the Halle Institute for Economic Research (IWH). His empirical research studies banking, financial intermediation, and financial stability, with recent work on macroprudential policy and natural disasters.

When Competitors Share Owners, They Automate More and Hire Less

In a new paper, Joseph Emmens, Dennis C. Hutschenreiter, Stefano Manfredonia, Felix Noth, and Tommaso Santini find that when competitors for the same pool of workers share investors, they increase their innovation to automate tasks and slow down hiring.    

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