We consider portfolio credit loss distributions based on a factor model for individual exposures and establish an analytic characterization of the credit loss distribution if the number of exposures tends to infinity. Using this limiting distribution, we explain how skewness and leptokurtosis of...

We consider portfolio credit loss distributions based on a factor model for individual exposures and establish an analytic characterization of the credit loss distribution if the number of exposures tends to infinity. Using this limiting distribution, we explain how skewness and leptokurtosis of...

We begin by examining the Internet-based electronic market of books, CD's, cattle and flowers in an attempt to understand some prerequisites of electronic commerce. Books and CD's are near ideal goods to be bought via the Internet - their characteristics can be easily captured by electronic...

We begin by examining the Internet-based electronic market of books, CD’s, cattle and flowers in an attempt to understand some prerequisites of electronic commerce. Books and CD’s are near ideal goods to be bought via the Internet - their characteristics can be easily captured by electronic...

This paper reports on the theoretical development and empirical validation of a measurement instrument for three core capabilities of IT departments. The instrument is based on the work of Feeny & Willcocks (1998) and includes the capabilities "IS/IT governance", "Business system thinking" and...

This paper reports on the theoretical development and empirical validation of a measurement instrument for three core capabilities of IT departments. The instrument is based on the work of Feeny & Willcocks (1998) and includes the capabilities "IS/IT governance", "Business system thinking" and...

In this paper, we analyze some fundamental impacts of the process of informatization. In particular, we address socio-economic and spatial impacts and discuss possible consequences for policy. Our objective is to discuss issues concerning the desirability, necessity and possibility of government...

Online purchase behavior is definitely an interesting and relevant issue for marketeers today. In this paper, we report on a study into the antecedents of online purchase intention for B2C websites. In particular, this research juxtaposes two competing models that explain online purchase...