Der Autor erörtert einige Lösungsansätze für die Verwendung von Scoring-Modellen in verschiedenen völlig heterogenen Branchen. Die aufgezeigten Beispiele erstrecken sich zum Beispiel auf Entscheidungsvorbereitungen für Wertpapieranlagen und beim Reisendeneinsatz.

We combine the dynamic dividend-discount model with an accounting-based vector autoregression framework that allows for a decomposition of EU banks' stock returns to cash-flow and expected return news components. The main findings are that while the bulk of the variability of EU banks' stock...

This paper investigates the state and process of integration of the European securities market infrastructure. The integration of financial infrastructures is one of the basic policy goals and key responsibilities of the Eurosystem. The paper finds that, despite the single currency, the euro...

Vorliegendes Manuskript stellt einen überarbeiteten Auszug aus der Diplomarbeit "Empirische Untersuchungen zum Aktien- und Rentenresearch bei Banken in Deutschland" dar, die im Juli 1992 fertiggestellt wurde.

Declining R&D intensities at the national level coincide with growing international technological links. Deviations of individual OECD countries from the average R&D intensity reflect differences in industry structure as well as in sectoral R&D intensity. At the same time, the sectoral...

Efficiencies have yet not played a prominent role in American merger enforcement policy, although the federal antitrust agencies and the courts have recognized efficiencies as a factor in merger analysis that may tilt the balance in an otherwise anticompetitive transaction. A review of the...

When I wrote my book on EMU four years ago (Kenen 1995), very little had been written on the international dimensions of EMU There was a chapter in the Commission's path-breaking study (European Commission, 1990). There were papers by Alogoskoufis and Portes (1991, 1992), Cooper (1992), Goodhart...