In der vorliegenden Untersuchung betrachten wir die Grundgesamtheit der deutschen Unternehmen, von denen im Zeitraum 1956 bis 1998 Stamm- und stimmrechtslose Vorzugsaktien börsennotiert waren. Zwischen beiden Aktiengattungen besteht mit durchschnittlich 17,2 Prozentpunkten ein ökonomisch und...

The market for derivatives with payoffs contingent on the credit quality of a number of reference entities has grown considerably over recent years. The risk analysis and valuation of such multi-name structures often relies on simulating the performance of the underlying credits. In this paper...

East-West migration in Germany peaked at the beginning of the 90s although the average wage gap between Eastern and Western Germany continues to average about 25%. We analyze the propensity to migrate using microdata from the German Socioeconomic Panel. Fitting a parametric Generalized Linear...