Bei der Bewertung von Unternehmen ist es üblich, die erwarteten Überschussverteilungen mitKapitalkosten zu diskontieren, welche aus dem Capital Asset Pricing Model (CAPM) abgeleitetwerden. In diesem Zusammenhang hat Richter unter der Prämisse eines Binomialmodellsfür die Entwicklung der...

There has been a wide-spread misconception based on the imprecisewording of Art. 52 of the European Patent Convention (EPC)that the protection of business methods by patents is prohibited inEurope. This paper investigates the legal framework set by patentlaws with respect to the patentability of...

We analyze the duration of the patent examination process at the EuropeanPatent Office (EPO). Our data contain information related to the patent’seconomic and technical relevance, EPO capacity and workload as well as novelcitation measures which are derived from the EPO’s search reports. In...

In jüngerer Zeit verwenden Teile der Literatur das auf Brennan zurückgehende Nachsteuer-CAPM, um Unternehmenswerte nach (differenzierten) persönlichen Steuern zu bestimmen...

This paper argues for a new conceptualisation of strategic foresight.Drawing on the philosophical concepts of 'anticipating critique' by Paul Feyerabend and 'occasional reason' by Helmut Spinner this paper tries to show how an new openness can be accomplished.

This paper explores the form and function of organisational interactions from the perspective of Luhmanns Theory of Social Systems.

Not only the economy but also higher education has to face competition. In this contribution it will be elaborated to what extent the forms offinancing higher education can contribute to the management of higher education.

Organisations in the non-profit render special services and don´t have to realize profit. Therefore they have different needs in comparison toprofit-oriented organisations. This paper will show how the internettechnology can be used to reach these goals.

Die vorliegende Arbeit analysiert die Eignung von SAP-Software als Controllinginstrument.

Commitment is a necessary prerequisite for gaining sustainable competitive advantage. By the way of commitment a firm is able to establish mobility barriers for capital bound in specific assets and to protect thereby supernormal profits against competition by entry barriers.(...)