Most of the European Member States employ anti-loss trafficking rules. They aim to prevent the acquisition of mere … corporate shells with high tax loss carryforwards for the tax asset to be utilized in profitable companies. However, other … loss carryforwards in the corporation upon the entering of new or the capital increase of existing investors. This study …

Several studies have addressed, with conflicting results, the issue of procyclical effects of loan loss provisions in … the past. More recently, the weak performance of incurred loss models in the financial crisis has given rise to a new … expected loss model in IFRS 9. This study contributes to the extant literature by separately analyzing the cyclical effects of …

We show that it is beneficial for a buyer to conduct a multi-stage mechanism if bidders are loss averse. In a first …

Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss … loss aversion offers a novel explanation for empirically observed differences between these auction formats. …

Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss … loss aversion offers a novel explanation for empirically observed differences between these auction formats. …

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …