Ein Grund für die Kostenexplosion in der Beamtenversorgung liegt in dem verstärkten Trend zur Frühpensionierung. Um diesem Trend entgegenzuwirken, wurde analog zu der gesetzlichen Rentenversicherung der so genannte Versorgungsabschlag eingeführt. Bei Eintritt in den Ruhestand vor Erreichen...

The International Accounting Standards Board (IASB, former IASC) has been working on a new international standard for insurance contracts based on fair value for about 10 years now. However, details on how to measure such a value in practice were unclear for a long time. A first indication of...

Purpose – In the recent financial crisis, many observers have assigned monetary policy a central role in the crisis. Specifically, they claim that excessively easy monetary policy by the Federal Reserve in the first half of the decade helped to cause a bubble in housing prices in the USA. The...

Purpose – The purpose of this paper is to study the impact of merger and acquisition (M&A) transactions from private equity and hedge funds. Owing to the recent financial and economic crisis, there is a controversial discussion about the implications of M&As from private equity and hedge...