Marketing stellt allgemein eine Managementkonzeption zur zielorientierten Gestaltung von Austauschprozessen mit organisationsinternen und -externen Partnern dar, insbesondere mit Partnern auf Absatz- und Beschaffungsmärkten sowie im Bereich der allgemeinen Öffentlichkeit. In dieser Sicht ist...

In der Diskussion um die IAS 39 haben Hailer und Rump erläutert, dass der für das Hedge Accounting auf Basis der Dollar Offset Ratio angegebene Effektivitätsbeurteilungstest im-mer dann ungeeignet ist, wenn die Marktwertänderung sowohl im Grund- als auch im Sicherungsge-schäft gering ist....

We analyze the interaction of explicit and implicit contracts in a model with selfish and fair principals. Fair principals are willing to honor implicit agreements, whereas selfish principals are not. Principals are privately informed about their types. We investigate a separating equilibrium in...

CAT bonds are important instruments for the insurance of catastrophe risk. Due to a low degree of deal standardization, there is uncertainty about the determination of the CAT bond premium. In addition, it is not apparent how CAT bonds react after the financial crisis or a natural catastrophe....

In this paper we analyze a multivariate non-stationary regression model empirically. With the knowledge about unconditional heteroscedasticty of financial returns, based on univariate studies and a congruent paradigm in Gürtler and Rauh (2009), we test for a time-varying covariance structure...

In the aftermath of a natural catastrophe, there is increased demand for skilled reconstruction labor, which leads to significant increases in reconstruction labor wages and hence insured losses. Such inflation effects are known as 'Demand Surge' effects. It is important for insurance companies...