The paper analyzed the formation of financial-industrial groups in Russian industry in the early 90s. The special focus in on the role of local banks and trading companies, as well as to the effects of privatization. The impact of FIGs formation on the private sector's organization and behavior...

This article is devoted to the research of the functioning of financial and industrial groups on Ukraine's markets for corporate control and investments. The largest financial and industrial groups of Ukraine -- “Finance & Credit”, “Privat-Invest”, “Ukrsibbank” and “The Industrial...

This paper extends research in the field of private equity investments in family firms. It contributes to the literature by fundamentally analyzing the decision criteria of family firm owners for using minority investments of private equity investors. This type of financing might be of great...

Der Aufsatz leistet einen Beitrag zur Diskussion um zusätzliche Beschränkungen der Beteiligung und Mitwirkung von Investoren an Aktiengesellschaften. Teil 1 stellt die Diskussion um die Beteiligung ausländischer Staatsfonds und die Einflussnahme von Hedge Fonds an deutschen Unternehmen in den...

We investigate the risk of holding credit default swaps (CDS) in the trading book and compare the Value at Risk (VaR) of a CDS position to the VaR for investing in the respective firm's equity using a sample of CDS stock price pairs for 86 actively traded firms over the period from March 2003 to...