Notwithstanding the growing body of research on headquarters–subsidiary relationships, the conditions under which subsidiary autonomy leads to enhanced subsidiary performance is still a subject of debate. This study adopts a contingency approach and investigates the effects of external...

The goal of this study is to examine the determinants of the industrial location of Japanese manufacturing foreign direct investment (FDI) in China for the period from 1998 to 2006 at the provincial level. We stress that the determinants of FDI strategies cannot be tested sufficiently without a...

This illuminating book broadly addresses the emerging field of ‘diversity of capitalism’ from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea....

The purpose of this paper is the comparative analysis of four natural gas storage valuation approaches. In competitive natural gas markets the optimal valuation and operation of natural gas storages is a key task for natural gas companies operating storages. Within this paper, four spot based...

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity. Two models that aim at explaining intraday liquidity are developed. The first model considers the fundamental merit-order and intraday adjustment needs as the drivers of liquidity...

This paper presents a first investigation of hourly price determinants in the German intraday market for electricity. The influence of power plant outages, forecast errors of wind and solar power production, load forecast errors and foreign demand and supply on intraday prices are explained from...

We analyse quantitatively how risk exposure from different support mechanisms, such as feed-in tariffs and premiums, can influence the investment incentives for private investors. We develop a net cash flow approach that takes systematic and unsystematic risks into account through cost of...

The family of languages that builds the foundation of the MEMO method is intended to feature a high degree of inter-language integration. For this purpose, the languages need to share common concepts. In order to define concepts that are semantically equivalent, it is recommendable to use the...

An enterprise model comprises various abstractions of an enterprise that represent both information systems and the surrounding action systems. These different models are integrated in order to avoid redundant work and to contribute to a tight and consistent integration of action systems and...