In many decentralized corporations the allocation of financial funds especially for large projects depends on requests by subordinated divisions and subsidiaries. In this context there often exists a conflict of interests between the applicants and the headquarters...

Since the first public offering in 1985 asset backed securities (ABS) are one of the most rapidly growing segments of the U.S. capital markets. Finding its genesis in the refinancing of mortgages in the United States, ABS are structured by packaging a pool of financial assets, such as automobile...