Intangible assets are both large and important. However,current financial statements provide very little informationabout these assets. Even worse, much of the information that isprovided is partial, inconsistent, and confusing, leading tosignificant costs to companies, to investors, and to...

This paper may be understood as a continuation of Topsøe’s seminal paper ([16]) to characterize, within an abstract setting, compact subsets of finite inner regular measures w.r.t. the weak topology. The new aspect is that neither assumptions on compactness of the inner approximating lattices...

Theoretical analyses of (optimal) performance measures are typically performed within therealm of the linear agency model. This model implies that, for a given compensation scheme,the agent's optimal effort is unrelated to the amount of noise in the performance measure...

Ludewig and Sadowski (2009) empirically examine the economic value of organizationalcapital. They use a comprehensive panel data set from the Institute for EmploymentResearch (IAB) that provides standard information about inputs and outputs of theproduction process of German corporate...

This paper develops a liquidity measure tailored to the foreign exchange (FX) market, quanties the amount of commonality in liquidity across dierent exchange rates, and determines theextent of liquidity risk premiums embedded in FX returns. The new liquidity measure utilizesultra high frequency...

Vor der Liberalisierung des Strommarktes 1998 war die deutsche Elektrizitätswirtschaft durch monopolistische Versorgungsstrukturen gekennzeichnet. Energieversorgungsunternehmen hatten für vertraglich abgegrenzte Versorgungsgebiete das alleinige Recht, aber auch die Pflicht einer sicheren und...

Der Visual Questionnaire (ViQ) ist ein visueller Test, derPersönlichkeitsmerkmale anhand von Unterschieden inder Wahrnehmung misst.[...]

In this survey we discuss models with level-dependent and stochastic volatility from the viewpoint of derivative asset analysis. Both classes of models are generalisations of the classical Black-Scholes model; they have been developed in an effort to build models that are flexible enough to cope...

Starting with observable annually compounded forward rates we derive a term structure model of interest rates. The model relies upon the assumption that a specific set of annually compounded forward rates is log-normally distributed. We derive solutions for interest rate caps and floors as well...