; duality theory ; term structure of interest rates ; smoothing splines ; tax clientele ; arbitrage bounds …

Germany and the United States are generally seen as the two competing systems of corporate governance. In search for a … impact of financing, investment, and dividend decisions on the value of stock corporations in Germany and the US. The …

We reexamine the expectations theory of the term structure focusing on the question how monetary policy actions … tests of expectations theory this implication only requires rational expectations but not stationary risk premia. Therefore …, its empirical test sheds new light on the importance of expectations theory for the determinants of the term structure of …

returns are significantly smaller than returns measured for the remaining days of the week calls the efficiency hypothesis for …