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Due diligence, research joint ventures, and incentives to innovate
Fabrizi, Simona; Lippert, Steffen - Volkswirtschaftliche Fakultät, … - 2011
The decision to cooperate within R&D joint ventures is often based on `expert advice.' Such advice typically originates in a due diligence process, which assesses the R&D joint venture's profitability, for example, by appraising the achievability of synergies. We show that if the experts who...
Persistent link: https://www.econbiz.de/10009295282
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Integration Contracts and Asset Complementarity: Theory and Evidence from US Data
Di Giannatale, Paolo; Passarelli, Francesco - Volkswirtschaftliche Fakultät, … - 2014
Firms sign an integration contract with the purpose of increasing their expected profits from trade and competition with third parties. Gains depend on how the contract improves the partners' production function (e.g. better synergies, organization, etc.), and how it increases their power in the...
Persistent link: https://www.econbiz.de/10011111066
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Enhancing the Enforceability of Islamic Microfinance Contracts in OIC countries
ZOUARI, Zeineb; NABI, Mahmoud Sami - Volkswirtschaftliche Fakultät, … - 2013
The role of Microfinance in alleviating poverty and enhancing social development is increasing. However, Microfinance Institutions (MFIs) suffer from two important problems which undermine their growth. The first one is inherent to their exposure to information asymmetry (adverse selection and...
Persistent link: https://www.econbiz.de/10011112435
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Ndikimi i informacionit asimetrik në tregjet financiare
Govori, Fadil - Volkswirtschaftliche Fakultät, … - 2011
Asymmetric information is a relevant concept for studying and understanding financial markets. In this paper we discus the effect of asymmetric information on the borrower–lender relationship. The presence of asymmetric information in financial markets leads to adverse selection, moral hazard,...
Persistent link: https://www.econbiz.de/10011258396
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Technology Transfer and Spillovers in International Joint Ventures
Müller, Thomas; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2005
It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that this need not be the case if host country policies like taxation are taken into account. Furthermore, we examine the incentives the multinational and the host country have to...
Persistent link: https://www.econbiz.de/10005835219
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Improving credit allocation to sustainable agriculture in Sub-Saharan Africa: Review of bio-based economy benefits
Benjamin, Olatunbosun - Volkswirtschaftliche Fakultät, … - 2012
Financing of agriculture by commercial and non-commercial institutions in rural Sub-Saharan African in recent years has being relatively constant despite remarkable increase in the number of institutions operating within this area. This development may be attributed to how these institutions...
Persistent link: https://www.econbiz.de/10011258880
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The Zeeman Effect in Finance: Libor Spectroscopy and Basis Risk Management
Marco, Bianchetti - Volkswirtschaftliche Fakultät, … - 2011
Once upon a time there was a classical financial world in which all the Libors were equal. Standard textbooks taught that simple relations held, such that, for example, a 6 months Libor Deposit was replicable with a 3 months Libor Deposits plus a 3x6 months Forward Rate Agreement (FRA), and that...
Persistent link: https://www.econbiz.de/10011259157
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Markets Evolution After the Credit Crunch
Bianchetti, Marco; Carlicchi, Mattia - Volkswirtschaftliche Fakultät, … - 2012
diffusion of collateral agreements among OTC derivatives market counterparties, and on the consequent change of paradigm for …
Persistent link: https://www.econbiz.de/10011260721
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Collateral Monitoring and Bank Regulation
Mallick, Indrajit - Volkswirtschaftliche Fakultät, … - 2002
We present a theory of banking regulation affecting procedural compliance in monitoring collateral in secured debt …, no ex post strategy is available to the regulator once the bad state has occurred. We argue that the collateral value is …
Persistent link: https://www.econbiz.de/10009246896
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The cost of counterparty risk and collateralization in longevity swaps
Biffis, Enrico; Blake, David; Pitotti, Lorenzo; Sun, Ariel - Volkswirtschaftliche Fakultät, … - 2011
collateralization. We examine the impact of bilateral default risk and collateral rules on the marking to market of longevity swaps, and … show how longevity swap rates must be determined endogenously from the collateral flows associated with the marking … presence of symmetric default risk, but more pronounced when default risk and/or collateral rules are asymmetric. Our results …
Persistent link: https://www.econbiz.de/10009399166