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sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
circumstances, especially for firms with fewer positive NPV projects and higher liquidation values. When renegotiation is costless …
Persistent link: https://www.econbiz.de/10009441096
This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...
Persistent link: https://www.econbiz.de/10012529572
processes that have nearly always (95%) resulted in the liquidation of the insolvent firm. These dysfunctions became apparent … achieving a successful reorganisation, hence avoiding the firm’s liquidation. Our findings show that two of the four reforms …
Persistent link: https://www.econbiz.de/10012530510
moral hazard and decreases with the effi ciency of fi rm liquidation following bankruptcy. …
Persistent link: https://www.econbiz.de/10012533086
, Erfolgsbeteiligung, Kapitalbeteiligung) auf der betriebs- und volkswirtschaftlichen Ebene. Ausgangspunkt ist dabei die Analyse der … Grundentgelt, einen Leistungslohn sowie eine Erfolgsbeteiligung auf, die durch eine optionale Kapitalbeteiligung ergänzt werden …
Persistent link: https://www.econbiz.de/10009433720
As part of a larger literature focused on identifying and relating the antecedents and consequences of diffusing organizational practices/ideas, recent research has debated the international adoption of a shareholder-value-orientation (SVO). The debate has financial economists characterizing the...
Persistent link: https://www.econbiz.de/10009438054
The agency relationship between managers and shareholders has the potential to influence decision-making in the firm …
Persistent link: https://www.econbiz.de/10009447886
The role of the board of directors in firm strategy has long been the subject of debate. However, research efforts have suffered from several deficiencies: the lack of an overarching theoretical perspective, reliance on proxies for the strategy role rather than a direct measure of it and the...
Persistent link: https://www.econbiz.de/10009448197