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A Theory of Firm Characteristics and Stock Returns : The Role of Investment-Specific Shocks
Kogan, Leonid - 2012
the firm's exposure to IST shocks and risk premia. Our calibrated model replicates: i) the predictability of returns by … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend …
Persistent link: https://www.econbiz.de/10012460684
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Grundsätze Europäischer Unternehmensbesteuerung
Kuhr, Johannes - 2013
Allgemeine Grundsätze europäischer Gewinnermittlung -- Grundsätze europäischer Gewinnperiodisierung -- Grundsätze europäischer steuerlicher Gewinnobjektivierung -- Grundsätze europäischer Missbrauchsvermeidung und Sicherung von Besteuerungssubstrat.
Persistent link: https://www.econbiz.de/10014016921
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Verkehrsteuern : Umsatzsteuer und Grunderwerbsteuer
Gellrich, Kai M. - 2011
Dieses Lehrbuch ermöglicht es, sich in kurzer Zeit einen fundierten Einblick in die Verkehrssteuern zu verschaffen. Die wesentlichen Prinzipien der Besteuerung werden anschaulich erläutert und mit Abbildungen verdeutlicht.
Persistent link: https://www.econbiz.de/10014425324
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Das neue Unternehmensteuerrecht : Richtig beraten nach der Unternehmensteuerreform 2008
Glutsch, Siegfried (contributor); Otte, Ines (contributor);  … - 2008
Einführung -- Die Unternehmensteuerreform 2008 -- Senkung der Steuersätze -- Die Abgeltungsteuer -- Neuregelungen zur Abschreibung -- Änderungen bei den gewerbesteuerlichen Hinzurechnungen und Kürzungen in den §§ 8,9 GewStG -- Die Regelungen zur Thesaurierungsbegünstigung -- Die...
Persistent link: https://www.econbiz.de/10014014553
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Why Are Saving Rates so High in China?
Yang, Dennis Tao - 2011
In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA)...
Persistent link: https://www.econbiz.de/10012461886
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Risikoorientierte Unternehmenspublizität
Vielmeyer, Uwe - 2004
Persistent link: https://www.econbiz.de/10002248818
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In Search of Distress Risk in Emerging Markets
Asis, Gonzalo - 2020
This paper employs a novel multi-country dataset of corporate defaults to develop a model of distress risk specific to … risk aversion have significant predictive power for forecasting corporate distress risk in emerging markets. We document a … positive distress risk premium in emerging market equities and show that the impact of a global "risk-off" environment on …
Persistent link: https://www.econbiz.de/10012481796
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Optimal Resource Extraction Contracts Under Threat of Expropriation
Engel, Eduardo - 2008
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10012464906
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In Search of Distress Risk
Campbell, John Y. - 2006
loadings on value and small-cap risk factors than stocks with a low risk of failure. These patterns hold in all size quintiles … are compensation for the risk of financial distress …
Persistent link: https://www.econbiz.de/10012466303
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The finance uncertainty multiplier
Alfaro, Iván; Bloom, Nicholas; Lin, Xiaoji - 2018
We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside financial frictions induces the standard real-options...
Persistent link: https://www.econbiz.de/10011895833