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The German Corporate Governance System andthe German “Mitbestimmung” – An Overview

Schmid, Stefan; Kretschmer, Katharina - European School of Management and Technology <Berlin u.a.> - 2004

Corporate governance is not universal. Due to external and internalfactors, corporate governance can differ from country to country. In this paper theGerman corporate governance system, the typical example of a two-tier boardsystem, is presented. The major institutions of the German system and...

Persistent link: https://www.econbiz.de/10005867786

Wie international sind Vorstände und Aufsichtsräte? Deutsche Corporate-Governance-Gremienauf dem Prüfstand

Schmid, Stefan - ESCP-EAP European School of Management <Paris u.a.> - 2007

Internationale Aktivitäten sind für die meisten deutschen Unternehmenselbstverständlich. Um zu prüfen, ob sich die Internationalität von Unternehmenauch in der Internationalität ihrer Corporate-Governance-Organe widerspiegelt,werden in der vorliegenden Studie die Vorstände und...

Persistent link: https://www.econbiz.de/10005867790

Die Genesis von Corporate Governance

Sell, Axel - 2004

Mit Corporate Governance behandelt die vorliegende Arbeit die Entwicklung der Führung und Organisation von Unternehmen in der Gesellschaft verbunden mit der Rolle und Aufgabenverteilung der Unternehmensbeteiligten.

Persistent link: https://www.econbiz.de/10005850510

On the Informational Content of Changing Risk for Dynamic Asset Allocation

Barone-Adesi, Giovanni; Gagliardini, Patrik; Trojani, Fabio - 2000

This paper suggests that changing risk conveys information useful to improve performance.

Persistent link: https://www.econbiz.de/10005843230

Satisficing or Optimizing?An Experimental Study

Fellner, Gerlinde; Güth, Werner; Martin, Ev - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

theoretical approach, namelysatisficing or optimality, applicable. Then, they are guided throughthe decision making process where … measured by the adjustments of personal parametersuntil accepting the investment decision suggested by theory.Additionally, a …

Persistent link: https://www.econbiz.de/10005866712

Illusion of control as a source of poor diversification: Anexperimental approach

Fellner, Gerlinde - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

This paper investigates factors influencing individual portfolio allocations withparticular focus on the role of illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to reach a targetinvestment profit, whereby equal...

Persistent link: https://www.econbiz.de/10005866777

Denuit, Michel; Eeckhoudt, Louis; Menegatti, Mario - Center for Operations Research and Econometrics … - 2009

In this paper, we consider a décision-maker facing a financial risk flanked by a backgroundrisk, possibly non …-financial, such as health or environmental risk. A decision has to be madeabout the amount of an investment (in the financial … the bivariate increasing concave dominance rules of higherdegrees which express the common preferences of all the decision …

Persistent link: https://www.econbiz.de/10005868655

The Dynamics of Investment and Financing underAsymmetric Information

Morellec, Erwan; Schürhoff, Norman - Swiss National Centre of Competence in Research North … - 2008

This paper develops a tractable real options framework to analyze the eects of asym-metric information on investment and nancing decisions when rms require externalfunds to nance investment. Our analysis shows that corporate insiders can signal theirprivate information to outside investors using...

Persistent link: https://www.econbiz.de/10005868707

THE EQUITY HOME BIAS: CONTRASTING AN INSTITUTIONAL WITH A BEHAVIORAL EXPLANATION

Fellner, Gerlinde; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

An empirically well-established finding is that equity portfolios are concentratedin the domestic equity market of the investor. Previous theoreticaland empirical analyses have mainly focused on institutional explanations andlargely neglected individual behavior. In this study we report the...

Persistent link: https://www.econbiz.de/10005866979

Illusion of Expertise in Portfolio Decisions:An Experimental Approach

Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2001

This paper focuses on egocentric biases in financial decisions. Subjects first designa portfolio, whereby each combination of assets yields the same expected returnand variance of returns. They are then confronted with two alternative portfolios;the average portfolio and the portfolio of one’s...

Persistent link: https://www.econbiz.de/10005867327

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