This paper considers the issue of forecasting financial fragility of banks and insurances using a panel data set of performance indicators, namely distance-to-default, taking unobserved common factors into account. We show that common factors are important in the performance of banks and...

One of the important issues in the areas of international taxation, international technology transfer and foreign investment by the MNCs that has been drawing greater attention of tax authorities worldwide is the issue of transfer pricing i.e. the compensation paid for intra-group services to...

This technical note evaluates non-bank financial institutions (NBFI) as a sector in Finland, with a special focus on the pension insurance companies (PIC). Pensions, including the PICs and fund managers, are the most significant parts of the NBFI sector, followed by insurance. Market...

Agilität, Kompetenzmanagement und (digitales) Lernen sind nur wenige Schlagworte, mit denen sich Unternehmen und insbesondere das berufliche Bildungspersonal im Kontext moderner Arbeit auseinandersetzen müssen. Doch welche Lern- und Entwicklungsprozesse im Kontext der digitalen Transformation...

Die Arbeit "Samen und die Erklärung des Lebendigen. Ein Vergleich von Robert Boyle und Isaac Newton" betrachtet den Begriff des Samens als Vorstellung eines lebengebenden Elementes aller Dinge und Individuen im wissenschaftlichen Kontext. Dieser Samen stand Synonym für die Vorstellung vieler...

This paper develops data on the history of wages and prices in Beijing, Canton, Suzhou/Shanghai in China from the eighteenth century to the twentieth and compare them with leading cities in Europe, Japan and India in terms of nominal wages, the cost of living, and the standard of living. In the...