Foreign investors are expected to contribute to economic development through a variety of channels. However, many foreign investment operations are small, and almost insignificant in their impact on the local environment. An important indication of the potential contribution of foreign investors...

Firms seeking specific complementary resources to pursue their growth strategy in emerging markets may use 'brownfield' acquisitions to provide access to resources that are embedded in existing firms. This strategy requires a fundamental restructuring of the acquired firm to replace many of its...

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...

Despite mediocre macro-economic performance of the German economy, German companies are successful players in global trade. This article explores the strategies of one of the pillars of this export success, the "Hidden Champions", Our empirical analysis focuses on leading medium size companies...

Empirical evidence, especially in case studies, shows that individual leaders often have a crucial role in successful enterprise transformation in transition economies. Conventional economic analysis of corporate governance alone cannot explain this role of leadership. In this theoretical paper...