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Information Theory and the Role of Intermediaries in Corporate Governance
Schmidt, Reinhard H.; Tyrell, Marcel - 2004
We investigate the connection between corporate governance system configurations and the role of intermediaries in the respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to distinguish between internalisation and...
Persistent link: https://www.econbiz.de/10010263309
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Diversifikationsmaße im Praxistest: Ergebnisse auf der Grundlage von amtlichen Mikrodaten für Deutschland
Zloczysti, Petra; Faber, Cathleen - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 3, pp. 29-42
Die Wahl zwischen Diversifikation und Spezialisierung ist eine lange und kontrovers diskutierte Frage in der … messen, wie sie bei real existierender, also beobachtbarer Diversifikation reagieren und ob sie in Querschnitt- und … Diversifikation sowie ihrer Entwicklung im Zeitverlauf für das verarbeitende Gewerbe in Deutschland gegeben. …
Persistent link: https://www.econbiz.de/10010377805
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Value at risk, Equity and Diversification
Broll, Udo; Wahl, Jack E. - 2006
.The paper focuses on the interaction between the solvency probability of a bank, on one hand, and the diversification potential … achieve some confidence level of solvency we demonstrate that diversification pays when optimizing the use of the equity …
Persistent link: https://www.econbiz.de/10010296801
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On the diversification of fixed income assets
Le Courtois, Olivier - In: Risks 10 (2022) 2, pp. 1-21
This article introduces a new approach for dealing with the diversification/concentration risk of fixed income assets …
Persistent link: https://www.econbiz.de/10013200922
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Does Planning Belong to the Politics of the Past?
Czarniawska, Barbara - In: Contemporary Economics 6 (2012) 4, pp. 36-48
According to many authors, so-called 'central planning' had disappeared from European countries by 1989. However, this is by no means certain. Many former centrally planned economies still engage in central planning, in both the private and public sectors. Moreover, there is a striking...
Persistent link: https://www.econbiz.de/10010436023
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Banking Firm, Equity and Value at Risk
Broll, Udo; Sobiech, Anna; Wahl, Jack E. - In: Contemporary Economics 6 (2012) 4, pp. 50-53
The paper focuses on the interaction between the solvency probability of a banking firm and the diversification … achieve a confidence level for solvency, we demonstrate that diversification reduces the amount of equity. Notably, the VaR …
Persistent link: https://www.econbiz.de/10010436089
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Do banks diversify loan portfolios? A tentative answer based on individual bank loan portfolios
Kamp, Andreas; Pfingsten, Andreas; Porath, Daniel - 2005
Theory of financial intermediation gives contradicting answers to the question whether banks should diversify or focus … this end we measure diversification for all German banks in the period from 1993 to 2002. As measures we use a broad set of … naive diversification across all industries or, alternatively, the economy's industry structure. With this framework our …
Persistent link: https://www.econbiz.de/10010295896
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Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios
von Westernhagen, Natalja; Porath, Daniel; Hayden, Evelyn - 2006
Should banks be diversified or focused? Does diversification indeed lead to enhanced performance and, therefore …, greater safety for banks, as traditional portfolio and banking theory would suggest? This paper investigates the link between … banks? profitability (ROA) and their portfolio diversification across different industries, broader economic sectors and …
Persistent link: https://www.econbiz.de/10010295912
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Diversifikation und Wachstum landwirtschaftlicher Unternehmen
Thiele, Holger D.; Weiss, Christoph R. - 2002
vieler Agrarmärkte existieren nur wenige empirische Arbeiten zum Zusammenhang zwischen Diversifikation und dem Erfolg … Diversifikation in verwandte und unverwandte Produktbereiche auf das Wachstum (als ein Erfolgsmaß) von Unternehmen untersucht und … Diversifikation in verwandte Produktbereiche ein höheres Wachstum aufweisen, während die Diversifikation in nicht …
Persistent link: https://www.econbiz.de/10010297123
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Zur Notwendigkeit des Corporate Portfolio Management: Eine Würdigung der wissenschaftlichen Forschung der letzten vier Jahrzehnte
Nippa, Michael - 2011
of multi-business portfolios. Although there is lots of work on diversification and mergers and acquisitions, corporate … contempt - the reasonable suspicion of economic inferiority of firm diversification and the possible inappropriateness of CPM …
Persistent link: https://www.econbiz.de/10010307742