Das Ziel des Transaktionskostenansatzes besteht darin, Aussagen über die Effizienz von Verträgenund institutionellen Arrangements unter verschiedenen Bedingungen abzuleiten. Alszentrales Effizienzkriterium wird dabei die Minimierung der insgesamt bei einer Transaktionanfallenden...

This paper examines the changes in the labour market experience of different immigrantand ethnic minority groups in the UK over time. The analysis suggests that, in early 90salthough there was no clear cut evidence of segregation in terms of employability, certaingroups of minority natives were...

[...]In this paper, I analyze the performance of theregion’s industries over the recent economic decline andrecovery. In the next section, I present the taxonomy ofindustries employed here. That taxonomy, adopted frominternational trade theory, displaces economic base theory,which sorts...

Sanctions are widely used to promote compliance in principal-agent-relationships.While there is ample evidence confirming the predicted positive incentive effect of sanctions,it has also been shown that imposing sanctions may in fact reduce complianceby crowding-out intrinsic motivation. We add...

E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.

With this study we are the first to systematically compare todays two major counterparts as a source of accounting and financial data for researchers: Compustat North America by Standard & Poors and Worldscope by Thomson Financial. This investigation is conducted for U.S. and partly Canadian...

This paper investigates which comparables selection method generates the mostprecise forecasts when valuing European companies with the enterprise value to EBIT multiple. We also consider the USA as a reference point. It turns out that selecting comparable companies with similar return on assets...