Considering mixed results of several studies that analyse the influence of total leverage on stock returns, we focus on a more differentiated ratio in our approach: 'total debt to (total capital + long term debt)' [TD/(TC + LTD)] which treats short- and long-term debt differently. In this...

Zusammenfassung Mit dem GKV-Wettbewerbsstärkungsgesetz können die gesetzlichen Krankenversicherungen seit 2007 Tarife mit einer Kostenbeteiligung anbieten. Bei diesen optional zu den Tarifen mit voller Kostendeckung wählbaren Tarifen wird der Versicherte im Leistungsfall finanziell an den...

Summary In this contribution, we analyze the provision of productive infrastructure goods (e. g. traffic facilities or results of scientific research) in the context of international tax competition for foreign direct investments (FDI). Mostly, these public inputs have two characteristics: on...

Summary In the empirical research of economic growth, different kinds of measuring factors (quantitative and qualitative) are used for the measurement of human resources. In this essay, we deal with the question which influence on economic growth the quantitative and qualitative measuring...

The International Accounting Standards Board (IASB, former IASC) has been working on a new international standard for insurance contracts based on fair value for about 10 years now. However, details on how to measure such a value in practice were unclear for a long time. A first indication of...

Purpose – In the recent financial crisis, many observers have assigned monetary policy a central role in the crisis. Specifically, they claim that excessively easy monetary policy by the Federal Reserve in the first half of the decade helped to cause a bubble in housing prices in the USA. The...

Purpose – The purpose of this paper is to study the impact of merger and acquisition (M&A) transactions from private equity and hedge funds. Owing to the recent financial and economic crisis, there is a controversial discussion about the implications of M&As from private equity and hedge...

"Die ethische Dimension wirtschaftlichen Handelns ist im Zuge der Finanz- und Wirtschaftskrise zu einem Topthema geworden. Während sich die Ökonomie auf eine ausschließlich an Effizienz ausgerichtete ökonomische Rationalität stützt, sind Fragen der Menschen- und Umweltgerechtigkeit in die...

Theoretische Grundlagen des Versicherungsgeschäfts -- Versicherungsnachfragetheorie -- Individualversicherung -- Grundlagen der Sozialversicherung -- Rechts- und Wirtschaftsformen -- Risikomanagement -- Unternehmensführung/Corporate Governance.