Als zentralem Bestandteil der internationalen Finanzarchitektur kommt dem Internationalen Währungsfonds (IWF) heutzutage immer öfter die Aufgabe zu, bei Verschuldungskrisen souveräner Staaten, insbesondere weit fortgeschrittener Schwellen- und Transformationsländer, als multilateraler...

The study verifies, between march 2005 and march 2006, if there is any difference between the stock yields of a sample of companieslisted in Bovespa that adopt the principles of Corporate Governance, in different levels, in relation to the companies of the traditionalmarket. The data were...

Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...

This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...

The design of both tuition fees and their accompanying loan systems determines their effect on the goals of investment in higher education, equal access to higher education, free choice between universities as well as cost-effective provision of the loans. Under a law-and-economics approach,...

Hintergrund der Untersuchung ist die zunehmende Bedeutung von Humankapital als wettbewerbsentscheidendem Produktionsfaktor in modernen humankapitalintensiven Unternehmungen. Es stellt sich die Frage nach den Auswirkungen der Bedeutungszunahme und der Regelung des „Primärhumankapitals“, also...

Academicians and practitioners are becoming increasingly interested inthe economics of Information Technology (IT). In part, this intereststems from the increased role that IT now plays in the strategicthinking of most large organizations, and from the significant dollarcosts expended by these...

The aim of this paper is to explain Australian R&D capitalisation and voluntary disclosure. It is argued that the discretionary choices available to management in Australia with respect to the accounting for and the disclosure of R&D expenditure and activities can be explained by the reduction...

The theory of Agency, specifically that developed by Jesen and Meckling (1976), will be the subject of examination. Agency theory has been the subject of extensive research since its introduction in modern form by Jensen and Meckling (1976). The generality of the theory of Agency appears...