Die Bezeichnung 'Business Development' ist in modernen High-Tech-Industrien wie der Biotechnologie-Industrie mittlerweile sehr popul?r geworden. W?hrend bekannt ist, welche strategischen Entwicklungsoptionen f?r eine Unternehmensentwicklung potentiell zur Verf?gung stehen, wei? man jedoch nur...

Using hand-collected data on divisional managers at the S&P 500 firms, we provide one of the first studies of their role in internal capital budgeting. Divisional managers with connections to the CEO receive more capital. Managers’ informal connections, such as social ties to the CEO, outweigh...

Artículo de revista ; In the final stretch of 2019, the funds raised by households and non-financial corporations grew at very moderate rates, somewhat below those recorded in the first half of the year. This occurred against a setting of weak demand for funds, in which credit standards for...

This research seeks to identify the factors that account for the variation in development levels across nations by focusing on the institutional components of development, especially the effects of financial market development on economic and political development. I argue that financial market...

In dieser Arbeit setzen wir uns mit den Auswirkungen von Risikobeschränkungen auf das optimale Verhalten eines Investors auseinander, welcher versucht, den erwarteten Endnutzen zu einem festgelegten Zeitpunkt zu maximieren. Dazu kann er ein vorgegebenes Anfangsvermögen in einem Markt...