In many decentralized corporations the allocation of financial funds especially for large projects depends on requests by subordinated divisions and subsidiaries. In this context there often exists a conflict of interests between the applicants and the headquarters...

Since the first public offering in 1985 asset backed securities (ABS) are one of the most rapidly growing segments of the U.S. capital markets. Finding its genesis in the refinancing of mortgages in the United States, ABS are structured by packaging a pool of financial assets, such as automobile...

Buy-outs and MBOs in particular underwent a rapid development during the last decade in the USA and the UK as well. In comparison Germany's buy-out-scene has to be characterized as less developed concerning number and size of deals. The aim of the working group was to find out wich conditions...