Im vorliegenden Beitrag wird modelltheoretisch gezeigt, dass die - auch in der Realitätbeobachtbare - Schaffung von Überkapazitäten eine rationale Unternehmensstrategiezur Begrenzung politischer Risiken sein kann. Es wird der Frage nachgegangen, wiesolche Überinvestitionen aus...

This paper investigates how multinational firms choose the capital structure of theirforeign affiliates in response to political risk. We focus on two choice variables, theleverage and the ownership structure of the foreign affiliate, and we distinguish differenttypes of political risk, such as...

This paper analyzes the determinants of the capital structure for a panel of 106 Swiss companies listed in the Swiss stock exchange.

Vorgestellt wird die standardisierte schriftliche Panelbefragung als eine Methode der quantitativen Sozialforschung

Based on German data between 1999 and 2007, we analyze the growth factors of SMEs andcontrast them with those of large firms. Differences show up both in balance sheet and employmentgrowth. While we conrm earlier results on inherent growth structures and the inuence of firm age,we derive several...

This paper investigates the relationship between inflation uncertainty and the investmentdecisions of small, micro…finance-funded …firms in the Dominican Republic. An extensive literature documents the array of opposing factors linking inflation uncertainty and investment;ultimately this...

The driving profile generator is a tool to generate an arbitrary number of car driving profilessuch that the resulting profiles are in the same form as those reported in the GermanMobility Panel (MOP) (BMVBS 2008), a large field study that reports car mobility forabout 12.000 individuals in...

Recent developments in the oil and gas industry suggest that investment behaviour is not necessarilychangeless over time. We propose a micro-econometric procedure to investigate the stability ofinvestment behaviour. Applying system GMM methods on a panel data set for 253 oil and gas...

We develop an econometric methodology to infer the path of risk premia from large unbalancedpanel of individual stock returns. We estimate the time-varying risk premia implied by conditional linearasset pricing models where the conditioning includes instruments common to all assets and asset...