Showing 1 - 10 of 109
This thesis presents and compares the performance of two recently developed classification methods namely the Spatial Stagewise Aggregation procedure and Support Vector Machines. Both techniques are convenient for the application to corporate bankruptcy analysis, in terms of calculation of...
Persistent link: https://www.econbiz.de/10009467058
Apart from an extensive survey of the literature on the economics of corporate bankruptcy law, this thesis contains three own contributions: First, a model is presented where a firm's manager acquires some private information about whether a firm should be liquidated or stay in business....
Persistent link: https://www.econbiz.de/10009476240
This paper estimates wage losses arising due to changes in the structure of demand for occupations. The data on occupational changes made for the sake of adjustment to the changes in the demand structure come from the German reunification of 1990. Endogenous occupational changes are instrumented...
Persistent link: https://www.econbiz.de/10009467137
This thesis consists of three independent essays, unified by the common theme of the distributional impacts of government.The first paper estimates the price elasticity of demand for pharmaceuticals amongst high-income older people in Australia. It exploits a natural experiment by which some...
Persistent link: https://www.econbiz.de/10009484210
Begrifflichkeiten und rechtliche Grundlagen über offene und geschlossene Immobilienfonds.Beim Vergleich soll …
Persistent link: https://www.econbiz.de/10009460938
Kern der vorliegenden Arbeit ist die Entwicklung eines Black-Litterman-Modells zur Allokation von Immobilienportfolios. Motiviert durch die global zunehmende Bedeutung des Immobilien-Portfoliomanagements und die begrenzte Eignung der Markowitz?schen Portfolio-Selektionstheorie in der Praxis wird...
Persistent link: https://www.econbiz.de/10009484812
Abstract Purpose – The purpose of this paper is to investigate whether the Australian equity market is informationally efficient in the semi-strong form with regard to interest rates and the exchange rate shocks during the period 1994-2006. Design/methodology/approach – There is evidence...
Persistent link: https://www.econbiz.de/10009448239
) Auf der Mikroebene findet man in beiden Ländern eine signifikante Kreditrationierung, allerdings nur für subventionierte … Kredite, so dass auf der Makroebene nicht von einer Kreditrationierung im Sinne von Stiglitz/Weiss gesprochen werden kann. (iv … gleichzeitiger Kreditrationierung auf Mikroebene festgestellt werden. Dies korrespondiert zu den theoretischen Überlegungen von De …
Persistent link: https://www.econbiz.de/10009428993
The 2007-09 credit crunch has not only created problems for the UK’s public finances in meeting the costs of bailing out commercial banks and dealing with recession but also for providing better public services. This paper analyses the causes of the credit crunch, government policies to...
Persistent link: https://www.econbiz.de/10009435323
Over the last decade, the Private Finance Initiative (PFI) has become preferred government option for the provision of different services to the public. In PFI procurement, private companies take on the obligation to build and manage a facility but provide only a small fraction of the project?s...
Persistent link: https://www.econbiz.de/10009435324