This paper presents an axiomatization of residual income, aka excess profit, and illustrates how it may univocally engenders fixed-income or variable-income assets. In the first part it is shown that, depending on the relations between excess profit and the investor's excess wealth, a...

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

This paper presents an axiomatization of residual income, aka excess profit, and illustrates how it may univocally engenders fixed-income or variable-income assets. In the first part it is shown that, depending on the relations between excess profit and the investor's excess wealth, a...

Starting from February 2007 world market is facing what we call enantiodromia. The indices are correcting. It is not known whether this is the final correction but there is no doubt that the bubble has burst and air out of it is gushing out slowly (fast on an extended time frame). The biggest...

Zu den atypischen Beschaeftigungsverhaeltnissen zaehlen wir im Folgenden (im Sinne einer Nominaldefinition) Teilzeit, geringfuegige Beschaeftigung/Mini- und Midijobs, befristete Beschaeftigung, Leiharbeit, Werkvertraege sowie Solo-Selbststaendigkeit. Die dieses Schwerpunktheftes spiegeln sowohl...

This paper aims to promote reflection on the viability and applicability of participatory methodologies, particularly action research, in the area of health. First it shows the human action which is socially conditioned and encompasses many different aspects is the main source of knowledge in...

Sustainable development has been now for more than 15 years, at the center of the objectives of the EU, being already enshrined in the Amsterdam Treaty of 1997. The basic concern of this now ubiquitous term is to assure the current generation’s demands will be fulfilled without endangering the...

The use of pesticides on the farm is largely governed by voluntary behavior. It is important to understand what drives farmer’s behavior of pesticide use. Health belief models in public health and social psychology argue that persons who have had adverse health experiences are likely to...

This article is a contribution to the ongoing discussion in reflexive action research about how the 'co' in co-production can be understood in the nexus of epistemology and methodology. We apply a micro-sociological approach together with a Foucauldian conception of power/knowledge in the...

All collaborations can be characterised by power and participation and how those forces are distributed within the group. Action Research’s distinctive feature is that ‘ordinary’ people are actively involved in the entire research process, as they are entrusted with tasks and take on...