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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
organizational performance for new ventures following an initial publicoffering (IPO). Building from resource-based theory and … contingency theory, I examinethe indirect (through capability formation and use) effects that occur within the ‘blackbox’ between … resources and performance for a sample of entrepreneurial firmsundertaking an IPO. New theory is offered to explain the …
Persistent link: https://www.econbiz.de/10009464920
This study investigates the impacts of regional characteristics on the early-stage performance of New Technology-Based Firms (NTBFs) in catch-up regions where a mature industrial cluster has yet to be formed. It hypothesized that the average NTBF performance in a region is a function of its...
Persistent link: https://www.econbiz.de/10009475935
existing theoretical literature on innovation and entrepreneurship. It summarizes some of the main findings of the effect of … various means of protecting intellectual property on the innovation incentives and the level of entrepreneurship activity. A …
Persistent link: https://www.econbiz.de/10009475469
Critics of the trait approach to the study of entrepreneurship have called for adaptation of theory from other … entrepreneurial career preference is developed. Social Learning Theory was used to investigate the link between a parent role model …
Persistent link: https://www.econbiz.de/10009459060
[Extract] That all taxpayers have the right in Australia to lodge a return is a privilege. However, many find it a heavy burden and favour simplification. Professional bodies and individuals have proposed alternatives that allow for tax withheld at source to be a final tax, eliminating the need...
Persistent link: https://www.econbiz.de/10009441690
approaches from decision theory. Furthermore, we show why playing poker is similar to trading in a financial market. After …
Persistent link: https://www.econbiz.de/10009467402
Bedeutungzu. In diesem Beitrag wird untersucht, inwiefern das klassische Kapitalwertkriteriumund der Realoptionsansatz einen … Investitionstheorieund gemäß dem Realoptionsansatz bestimmt wurden. Bei der Bestimmung der normativenBenchmarks wird die individuelle … Risikoeinstellung der Teilnehmer berücksichtigt. DieErgebnisse zeigen, dass der Realoptionsansatz besser als das Kapitalwertkriterium …
Persistent link: https://www.econbiz.de/10009442716
We explore the possibility that a systematic relationship exists between employment within a particular type of contract and risk preference. We exploit a set of proxies for risk preference, whereby some of the proxies capture risk loving behaviour (expenditure on gambling, smoking and alcohol)...
Persistent link: https://www.econbiz.de/10009475665