In this paper we examine the theoretical conditions under which a firm will have incentives to optimallychoose investment projects of duration that deviates from its stated horizon objective. Our approachconsiders a context in which investment horizon is subject to randomness and its length is...

Die vorliegende Arbeit geht der Frage nach, welche Wege der Finanzierung von Immobilien-Projektentwicklungen in der Schweiz prinzipiell möglich sind. Diese Fragestellung impliziert zugleich, dass die bisherigen Finanzierungswege möglicherweise nicht ausreichend sind, und zwar im Sinne der...

Despite the common view that there is inherently a relationship of confliction, it is now impossibleto imagine the financing of family-owned enterprises in Germany without the alternativemethod of Private Equity financing. Based on a survey on Private Equity in familyowned companies specialising...

Recent empirical papers report a declining trend in the cumulative abnormal return (CAR)of acquirers during an M&A program. Does this necessarily imply that acquiring CEOs areinfected by hubris and are not learning from previous mistakes? We first confirm theexistence of this declining trend on...

The majority of RFID implementations can be traced back either to mandates issued by companies or institutions withsignificant market power like Wal-Mart or the U.S. Department of Defense, or to the replacement of existing Auto-IDtechnologies like barcodes. Only sporadically is RFID being used...

This paper investigates the influence of a firm's financial status on the within-firm allocation of funds, reected in its plant-level investment and exit decisions.