Durch Gesetz vom 18. Januar 2002 ist § 42 des Arbeit -nehmererfindungsgesetzes (ArbEG) novelliert worden.Mit der Änderung wurde das bis dahin geltende sogenannte Hochschullehrerprivileg abgeschafft. Pro -fessoren, Dozenten und wissenschaftliche Angestelltean Hochschulen (hierunter werden...

We use dynamic panel analysis to examine whether credit rating agencies achieve what they claim to achieve, namely, look into the future when assigning their ratings. We find that Moodey's ratings help predict individual financial ratios over a horizon of up to five years. Ratings also predict a...

Predicting default probabilities is important for firms and banks to operate successfully and to estimate their specific risks. There are many reasons to use nonlinear techniques for predicting bankruptcy from financial ratios. Here we propose the so called Support Vector Machine (SVM) to...

Measuring dependence in a multivariate time series is tantamount to modelling its dynamic structure in space and time. In the context of a multivariate normally distributed time series, the evolution of the covariance (or correlation) matrix over time describes this dynamic. A wide variety of...