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Sources of productivity growth at the firm level: A production function approach

Smolny, Werner - 1997

In the paper, the sources of productivity growth are investigated by an empirical analysis with micro data for West-German manufacturing firms. The theoretical framework corresponds to an augmented growth accounting approach based on a production function. The empirical results reveal that...

Persistent link: https://www.econbiz.de/10010332094

Shared value potential of transporting cargo via hyperloop

Werner, Max; Eißing, Klaus; Langton, Sebastian - 2016

This research estimates the shared value created by constructing a hypothetical Hyperloop to transport cargo along 300 km in Northern Germany. Following Porter-Kramer (2011), we identified and evaluated eight factors that create shared value: travel speed, operating costs, safety, noise...

Persistent link: https://www.econbiz.de/10011531010

Genetic Codes of Mergers, Post Merger Technology Evolution and Why Mergers Fail

Cuntz, Alexander - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008

This paper addresses the key determinants of merger failure, in particularthe role of innovation (post …-merger performance) and technology (ex-anteselection) when firms decide to separate. After a brief review of the existingliterature we … introduce a model of process innovation where merged firmsexibit intra-merger spillover of knowledge under different market …

Persistent link: https://www.econbiz.de/10005860566

Modellierung der Sicherheit von Informationssystemenmit DROPS

Prieß, Andreas; Hoppe, Gabriela - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2004

Durch die Modellierung der Sicherheit betrieblicherInformationssysteme kann die Komplexität des Sicherheitsproblems in einerOrganisation und ihren Geschäftsprozessen reduziert werden. Das Erkennen vonSicherheitsanforderungen sowie optimaler Handlungsalternativen in Formgeeigneter...

Persistent link: https://www.econbiz.de/10005867633

Rules, Discretion or Reputation? Monetary Policies and the Efficiency of Financial Markets in Germany, 14th to 16th Centuries

Volckart, Oliver - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

This paper examines the questions of whether and how feudal rulers were able tocredibly commit to preserving monetary stability, and of which consequences theirdecisions had for the efficiency of financial markets. The study reveals that princes were usually only able to commit to issuing a...

Persistent link: https://www.econbiz.de/10005861191

Calibrating CAT Bonds for Mexican Earthquakes

Härdle, Wolfgang; Cabrera, Brenda López - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

The study of natural catastrophe models plays an important role in the prevention and mitigation of disasters. After the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance. This paper examines the calibration of a real...

Persistent link: https://www.econbiz.de/10005861006

Common Functional Principal Components

Benko, Michal; Härdle, Wolfgang; Kneip, Alois - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006

Functional principal component analysis (FPCA) based on theKarhunen-Lo`eve decomposition has been successfully applied in manyapplications, mainly for one sample problems. In this paper we consider common functional principal components for two sample problems. Our research is motivated not only...

Persistent link: https://www.econbiz.de/10005861695

Common Functional Component Modelling

Kneip, Alois; Benko, Michal - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005

Functional data analysis (FDA) has become a popular technique in applied statistics.In particular, this methodology has received considerable attention in recent studiesin empirical finance. In this talk we discuss selected topics of functional principalcomponents analysis that are motivated by...

Persistent link: https://www.econbiz.de/10005862112

Common Functional Implied Volatility Analysis

Benko, Michal; Härdle, Wolfgang - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005

Trading, hedging and risk analysis of complex option portfolios depend on accurate pricing models. The modelling of implied volatilities (IV) plays an important role, since volatility is the crucial parameter in the Black-Scholes (BS) pricing formula. It is well known from empirical studies that...

Persistent link: https://www.econbiz.de/10005862325

Selecting Comparables for the Valuation of European Firms

Dittmann, Ingolf; Weiner, Christian - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005

This paper investigates which comparables selection method generates the mostprecise forecasts when valuing European companies with the enterprise value to EBIT multiple. We also consider the USA as a reference point. It turns out that selecting comparable companies with similar return on assets...

Persistent link: https://www.econbiz.de/10005862342