Evidence suggests that international capital markets are neither fully integrated nor completely segmented. There is, however, currently no general method available for computing the required return on corporate investments with such capital markets. This paper uses a model of partially...

An ongoing debate in the tax competition literature is the desirability for a system of countries, or regions, to restrict the preferential treatment of different forms of capital. A widespread belief is that without such restrictions, countries would aggressively compete for mobile capital,...

We show that multinational firms transmit shocks across countries through their internal capital markets. We study a credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through internal lending, became financially constrained...

The balance sheet presents the liquidities balance and the liquidity equivalents of the company at the end of the period. By examining the balances referring to the two consecutive periods, it can be stated that if the liquidities and the liquidity equivalents have increased or have decreased...

Vorliegendes Arbeitspapier untersucht die aktuelle Situation des Factoring in Deutschland .

Das Handwerk ist mit seinen vielen kleinen und mittleren Betrieben ein Kernstück der deutschen Wirtschaft. Ein wirtschaftlich gesundes Handwerk ist ein wichtiger Wirtschaftsfaktor für die Region. Dazu bedarf es jedoch eines ausreichenden Zugangs zu Finanzierungsinstrumenten. Das Handwerk ist...

Der Begrifff des internationalen Finanzmanagementsumfaßt im funktionellen Sinne alle Tätigkeiten, diesich auf die Beschaffung, Verwaltung und Verwendungvon Kapital in einer internationalen Unternehmungbeziehen (Kapitalbeschaffung, -+CasbManagement, Kapitalstrukturpolitik,...