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Separation and Volatility of Locational Marginal Pricesin Restructured Wholesale Power Markets

Li, Hongyan; Sun, Junjie; Tesfatsion, Leigh - Iowa State University of Science and Technology <Ames, … - 2009

focused on the dynamic and cross-sectional response ofLMPs to systematic changes in demand-bid price sensitivities andsupply …-offer price cap levels under varied learning specificationsfor the generation companies. Also explored is the extent to whichthe … supply offers of the marginal (price-determining) generationcompanies induce correlations among neighboring LMPs.[...] …

Persistent link: https://www.econbiz.de/10009360767

Does the Governed Corporation Perform Better? Governance Structures and Corporate Performance in Germany

Lehmann, Erik E.; Weigand, Jürgen - Universität <Augsburg> / Lehrstuhl für … - 2000

Although there has been an intensive debate on the relative merits of different systems of corporate governance, empirical evidence on the link between corporate governance and firm performance almost exclusively refers to the market-oriented Anglo-Saxon system. This paper therefore investigates...

Persistent link: https://www.econbiz.de/10005863280

Governance Structures, Efficiency, and Firm Profitability

Lehmann, Erik; Warning, Susanne; Weigand, Jürgen - Max-Planck-Institut für Ökonomik <Jena> - 2004

Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...

Persistent link: https://www.econbiz.de/10005865230

The implications of latent technology regimesfor competition and efficiency in banking

Kötter, Michael; Poghosyan; Tigran - Deutsche Bundesbank <Frankfurt, Main> / … - 2008

Banks continue to dier in many ways, for instance with respect to business models,growth strategies, or nancial health. Neglecting these dierences confuses ine-ciency with heterogeneity while sub-sample estimation prohibits eciency comparisonsacross dierent samples. We use a latent class...

Persistent link: https://www.econbiz.de/10005866202

IT use and the competitiveness of small banks

Koetter, Michael; Noth, Felix - 2009

Information management is a core process in banking, in particular when lending to small, opaquefirms. But while a more intensive use of information technology (IT) can enhance informationmanagement, it is also costly. Merely increasing IT expenditure may thus not be a panacea tooptimize...

Persistent link: https://www.econbiz.de/10005866890

Successive oligopolies and decreasing returns

Gabszewicz, Jean Jaskold; Zanaj, Skerdilajda - Center for Operations Research and Econometrics … - 2008

In this paper, we propose an example of successive oligopolies where the downstream firmsshare the same decreasing returns technology of the Cobb-Douglas type. We stress thedifferences between the conclusions obtained under this assumption and those resultingfrom the traditional example...

Persistent link: https://www.econbiz.de/10005868680

A note on successive oligopoliesand vertical mergers

Gabszewicz, Jean Jaskold; Zanaj, Skerdilajda - Center for Operations Research and Econometrics … - 2007

In this paper we analyze how the technology used by downstream firms can influence inputand output market prices. We show via an example that both these prices increase under adecreasing returns technology while the contrary holds when the technology is constant....

Persistent link: https://www.econbiz.de/10005868754

Multinational enterprises and their domestic counterparts - past research, current issues and future directions

Bellak, Christian - 2001

The aim of this paper is to review and summarise the results of selected empirical studies on performance gaps between multinational enterprises and their domestic counterparts.

Persistent link: https://www.econbiz.de/10005844811

Efficient Governance Structures, Corporate Investment, and Profitability

Lehmann, Erik; Warning, Susanne; Weigand, Jürgen - Universität <Augsburg> / Lehrstuhl für BWL, …

Using a panel data set of 361 German corporations for the period 1991-1996 we test the hypothesis that firms with more efficient governance structures have higher profitabilities. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...

Persistent link: https://www.econbiz.de/10005859273

Does the Governed Corporation Perform Better? Does the Governed Corporation Perform Better?Governance Structures and Corporate Performancein Germany

Lehmann, Erik E.; Weigand, Jürgen - Universität <Augsburg> / Lehrstuhl für BWL, …

Although there has been an intensive debate on the relative merits of different sys-tems of corporate governance, empirical evidence on the link between corporate governance andﬁrm performance almost exclusively refers to the market-oriented Anglo-Saxon system. This papertherefore investigates...

Persistent link: https://www.econbiz.de/10005859277