We analyse whether family firms differ from non-family firms in terms of business segment and geographical diversification or the application of currency hedging instruments. This analysis is based on a unique dataset of 339 publicly listed companies (1,561 firm years) in the German Prime...

Study empirically the relationship between liability and insurance in the realm of financial injuries; Evaluate how liability insurance transmits and transforms the deterrence signal of securities liability...

Purpose: We examine motives for hiring a non-family Chief FinancialOfficer (CFO) in family firms. We explore the perceptions of family firm ownerstowards external managers by analyzing how their goals relate to the employmentof a non-family CFO.Design/methodology/approach: Our study is based on...

Swiss Re defines Operational Risk in line with Basel II banking regulations as the "Expected and unexpected economic impact of inadequate or failed internal processes, people, and systems or from external events...

Die Informationstechnik kann in heutiger Zeit gemeinhin als Lebensnerv vieler Unternehmen bezeichnet werden. Allerdingsa birgt sie, wie jede andere Technologie auch, Risiken in sich. Ein Betrieb, der vom Internet und dessen Kommunikationsmöglichkeiten abgeschnitten wird, muss nicht selten...

Bei Kreditinstituten stellen operationelle Risiken nach den Kreditrisiken diezweitwichtigste Risikoart dar. Im Gegensatz zu den Kredit- und Marktpreisrisiken hatsich zur Quantifizierung operationeller Risiken bislang noch kein Industriestandardherausgebildet, gleichwohl werden mittlerweile eine...

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...