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Incentive Fees: erfolgsabhängige Vergütungsmodelle deutscher Publikumsfonds
Kluß, Norbert; König, Markus; Cremers, Heinz - Frankfurt School of Finance and Management - 2003
This paper analyzes the current use of incentive-fee-concepts for mutual funds in Germany. Following an empirical analysis about the relevance of these methods, the different methods of calculation and the influence of different parameters are described. Further on it explains the impacts of...
Persistent link: https://www.econbiz.de/10005026977
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What are the channels for technology sourcing? Panel data evidence from German companies
Harhoff, Dietmar; Mueller, Elisabeth; Van Reenen, John - Frankfurt School of Finance and Management - 2012
Innovation processes within corporations increasingly tap into international technology sources, yet little is known about the relative contribution of different types of innovation channels. We investigate the effectiveness of different types of international technology sourcing activities...
Persistent link: https://www.econbiz.de/10010957478
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What makes Chinese firms productive? Learning from indigenous and foreign sources of knowledge
Boeing, Philipp; Mueller, Elisabeth; Sandner, Philipp - Frankfurt School of Finance and Management - 2012
This study investigates how in-house R&D as well as access to national and foreign knowledge sources influences the productivity of Chinese firms. For our main analysis we use data for 1,140 patenting firms listed at mainland China stock exchanges over the time-period 2001-2010. In-house R&D...
Persistent link: https://www.econbiz.de/10010957492
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The genesis of the Black-Scholes option pricing formula
Heimer, Thomas; Arend, Sebastian - Frankfurt School of Finance and Management - 2008
Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth …. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however … is concerned with the design of innovative products. The question on how innovations are established and pushed through …
Persistent link: https://www.econbiz.de/10005027014
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Neue regulatorische Konzepte der Bankenaufsicht und ihre Auswirkungen auf die Gesamtbanksteuerung
Noack, Tim; Cremers, Heinz; Mala, Julia - Frankfurt School of Finance and Management - 2014
The Basel III framework represents the response to the regulation deficits of the financial cri-sis and the immense losses of many banks in years 2007/2008. The aim of the framework is to increase the level of capital in financial institutions and to improve the loss absorption and risk coverage...
Persistent link: https://www.econbiz.de/10010957486
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The economic function of credit rating agencies: what does the watchlist tell us?
Bannier, Christina E.; Hirsch, Christian - Frankfurt School of Finance and Management - 2009
Credit rating agencies do not only disclose simple ratings but announce watchlists (rating reviews) and outlooks as well. This paper analyzes the economic function underlying the review procedure. Using Moody's rating data between 1982 and 2004, we find that for borrowers of high...
Persistent link: https://www.econbiz.de/10005049674
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The economics of rating watchlists: evidence from rating changes
Hirsch, Christian; Bannier, Christina E. - Frankfurt School of Finance and Management - 2007
Generally, information provision and certification have been identified as the major economic functions of rating agencies. This paper analyzes whether the watchlist (rating review) instrument has extended the agencies' role towards a monitoring position, as proposed by Boot, Milbourn, and...
Persistent link: https://www.econbiz.de/10005026991
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SOA development and service identification: A case study on method use, context and success factors
Börner, René; Goeken, Matthias; Rabhi, Fethi - Frankfurt School of Finance and Management - 2012
Although SOA development and service identification are widely discussed among academics and practitioners alike, little is known about how they are performed in practice. Thus, this paper investigates how SOA development and service identification work in real-life projects. An explorative...
Persistent link: https://www.econbiz.de/10010985135
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Mobile banking and financial inclusion: The regulatory lessons
Klein, Michael; Mayer, Colin - Frankfurt School of Finance and Management - 2011
Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it...
Persistent link: https://www.econbiz.de/10009228814
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What drives the demand of monetary financial institutions for domestic government bonds? Empirical evidence on the impact of Basel II and Basel III
Lang, Michael; Schröder, Michael - Frankfurt School of Finance and Management - 2015
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank regulation has a significant positive impact on...
Persistent link: https://www.econbiz.de/10011124454