We analyse whether family firms differ from non-family firms in terms of business segment and geographical diversification or the application of currency hedging instruments. This analysis is based on a unique dataset of 339 publicly listed companies (1,561 firm years) in the German Prime...

At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...

Insurers and banks are both suppliers of financial services and constitute together thebulk of the financial services industry. As such, they share certain common traits and,consequently, are often analyzed together. At the same time, they differ markedly in certainrespects, insurance and...

Strict liabilities prevails at major accidents. According to the Polluter Pays Principle,l it is the liable party who pays for any damage. The accidents may be very large, however, compared to the assets of the liable plant owner. The liable party may, therefore, simply go bankrupt and leave the...

Several of the risks currently faced by corporations are shaped by legal rules. Liability rules, for instance, determine the cases in which firms will incur economic losses, either because thay are obliged to compensate for the harm suffered by others, or because they are inflicted monetary...

Study empirically the relationship between liability and insurance in the realm of financial injuries; Evaluate how liability insurance transmits and transforms the deterrence signal of securities liability...

Durch vermehrt aufgetretene Finanzskandale und Zusammenbrüche namhafter Unternehmen wurde in den letzten Jahren das Vertrauen der Anleger nachhaltig gestört. Um die Glaubwürdigkeit in die veröffentlichten Finanzinformationen und in die Sicherheit der unternehmerischen Überwachungsprozesse...

Vor dem Hintergrund stetig anwachsender Schäden durch Naturkatastrophen zu Beginn der 90er Jahre und der damit verbundenen Kapazitätsengpässe nehmen die Bemühungen zu, Teile dieser Risiken auf alternative Risikoträger zu transferieren. Als potentielle Risikoübernehmer kristalli-sierten...

Purpose: We examine motives for hiring a non-family Chief FinancialOfficer (CFO) in family firms. We explore the perceptions of family firm ownerstowards external managers by analyzing how their goals relate to the employmentof a non-family CFO.Design/methodology/approach: Our study is based on...

Das Risikomanagement ist schon seit Jahrzehnten ein Thema der wissenschaftlichen Forschung und Praxis, und es existieren bereits zahlreiche betriebswirtschaftliche Konzeptionen und Methoden. Doch insbesondere in denletzten Jahren gewann das Risikomanagement zunehmend an Bedeutung, dadie...