Addressing recent calls by European regulatory and supervisory authorities, we develop a new bottom-up climate risk assessment method to examine the resilience of the European banking industry regarding transitory climate risks. We illustrate our approach by estimating the impact of a 50-100 EUR...

Technology standards such as the Wi-Fi or 5G mobile communication standard rely on standard-essential patents (SEPs). Increasing licensing revenues and several disputes between owners and users of SEPs raise the question about the patenting behavior of firms developing standardized technologies....

Understanding executive compensation and its effects helps design better organizations. Research on this area is thus of paramount importance. For large US companies, the ExecuComp database offers access to standardized and comprehensive executive compensation data. Hence, research on executive...

Am 28. Januar 2014 veranstaltete das ifo Institut gemeinsam mit dem Bayerischen Handwerkstag ein Symposium unter dem Titel »Energiewende 2.0 – Was getan werden muss, um unsere Energieversorgung wieder auf ein sicheres Fundament zu stellen!«. Die Veranstaltung unter der Moderation von Ursula...

Diese Dissertation adressiert die zum Thema Fallen Angel Aktien bestehende Forschungslücke. Dabei kann sie Anlegern zu besseren Investmententscheidungen und die bestehende Kluft zwischen den Investmentstilen Value und Growth überbrücken helfen. Erstmalig wird ein systematischer und empirisch...

Die vorliegende Arbeit analysiert die Eignung von SAP-Software als Controllinginstrument.

Real world investment decisions are generally made sequentially over time. The possibility of subsequent decisions like suspending a project must be considered when an initial investment decision is made....

The terminal value generally reflects a substantial portion of a firm's market value. Stable growth models are usually used to estimate terminal values. We use a simple model of a firm to derive a valuation function for the terminal value in the presence of inflation. Our model reveals that...