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Chapter 1 is joint work with Günter Franke, University of Konstanz, and Markus Herrmann, HSBC London, and addresses the question how collateralized debt obligation (CDO-) transactions are designed. An important issue is the information asymmetry about the quality of securitized debt between...
Persistent link: https://www.econbiz.de/10009471846
Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …
Persistent link: https://www.econbiz.de/10009476200
Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...
Persistent link: https://www.econbiz.de/10009466981
investment behavior which is consistent with theory. However, an income tax with a limited or unlimited loss offset provision …
Persistent link: https://www.econbiz.de/10009478158
werden erstens Signalling via Querlieferungen und zweitens die Auswirkungen auf Produktvielfalt und Kapazitätsentscheidungen … Wettbewerbern die Wohlfahrt erhöht oder reduziert. Der Markt ist in der Lage, Mechanismen wie z.B. Signalling via Querlieferungen zu … subcontracting model first signalling via subcontracting and secondly the effects on product variety and capacity decisions are being …
Persistent link: https://www.econbiz.de/10009467017
In this dissertation we study several key issues faced by firms while introducing new products to market. The first essay looks at product rollovers: introduction of a new product generation while phasing out the old one. We study the strategic decision of dual vs. single roll jointly with...
Persistent link: https://www.econbiz.de/10009450673
this study, we examine whether Australian banks engage in earnings, capital management and signalling, and, if so, the … do not appear to use LLPs for signalling future intentions of higher earnings to investors. …
Persistent link: https://www.econbiz.de/10009440734
In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the rate of return using regression methods where the estimated return is...
Persistent link: https://www.econbiz.de/10009475659
This study examines whether changes in the amount of unrecognised deferred tax assets from carry forward losses, determined in accordance with AASB1020 ‘Accounting for Income Taxes’, reflect managers’ incentives to opportunistically manage financial statements, or communicate private...
Persistent link: https://www.econbiz.de/10009448697
?. This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other …
Persistent link: https://www.econbiz.de/10012530273