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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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Normung und Innovation sind keine Gegensätze
Konrad, Anne; Zloczysti, Petra - In: DIW Wochenbericht 77 (2010) 40, pp. 10-15
Die Rolle von Normen innerhalb des Innovationssystems ist sehr umstritten. Es wird sogar vermutet, dass die Zeit der Normung bereits abgelaufen sei. Andererseits wird von einer erstarrenden Regelsetzung gesprochen, die die notwendige Flexibilität für Erfindungen und Innovationen verhindere....
Persistent link: https://www.econbiz.de/10011602241
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Wieviel Phantasie braucht die Fußballaktie?
Lehmann, Erik; Weigand, Jürgen - 1998
Nach dem Vorbild börsennotierter britischer Vereine wird es auch deutschen Profifußballvereinen in absehbarer Zukunft möglich sein, sich in Aktiengesellschaften umzuwandeln. Der anschließende Börsengang soll dann den nach den jüngsten Entwicklungen im Profifußballbereich gestiegenen...
Persistent link: https://www.econbiz.de/10010319312
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Standardization in information systems
Kimms, A. - 2001
common standard of data structures. Since establishing a standard at a system element incurs standardization costs, a … standard. In a recent paper, it is claimed that this so-called standardization problem is an NP-hard optimization problem. We … will demonstrate that this is not true, but in fact the standardization problem can be solved in polynomial time by solving …
Persistent link: https://www.econbiz.de/10011558768
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Network effects, compatibility decisions, and monopolization
Woeckener, Bernd - 1998
This paper analyzes the compatibility decision of a dominant hardware supplier. There are two substitutive variants of the hardware component of a hardware-software system, they are horizontally differentiated, and one of the two has a quality advantage. Among other things, we show under what...
Persistent link: https://www.econbiz.de/10010435574
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Price versus Quantity Discrimination in Optimal IPOs
Bennouri, Moez; Falconieri, Sonia - 2001
This paper addresses the issue of the choice of the optimalinstrument to sell new shares, this choice being price versusquantity discrimination (rationing). Previous results in theliterature (Benveniste and Wilhelm, 1990) show that the issuing firmwould be better off if allowed to use both price...
Persistent link: https://www.econbiz.de/10010325003
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On-the-run premia, settlement fails, and central bank access
Schneider, Fabienne - 2024
theory is consistent with the USD 40 billion of Treasury contracts that fail to settle each day, with the median failure rate …
Persistent link: https://www.econbiz.de/10015053569
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Slippery slopes of stress: ordered failure events in German banking
Koetter, Michael; Kick, Thomas - 2007
Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor banks constantly. Thus, they usually obtain early warning signals that precede ultimate failure and, in fact, banks can be regarded as troubled to varying degrees before...
Persistent link: https://www.econbiz.de/10010295922
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Einfache ökonometrische Verfahren für die Kreditrisikomessung: Verweildauermodelle
Kaiser, Ulrich; Szczesny, Andrea - 2000
Im Mittelpunkt dieses Beitrag stehen Verweildauermodelle und deren Verwendung als Analyseinstrumente für die Bewertung und Berechnung von Kreditausfallrisiken. Verschiedene Möglichkeiten zur Berechnung der Dauer des Nichtausfalls eines Kredites werden dabei vorgestellt. Die hier vorgestellten...
Persistent link: https://www.econbiz.de/10010316319
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The impact of macroeconomic news on quote adjustments, noise, and informational volatility
Hautsch, Nikolaus; Hess, Dieter E.; Veredas, David - 2010
We study the impact of the arrival of macroeconomic news on the informational and noise-driven components in high-frequency quote processes and their conditional variances. Bid and ask returns are decomposed into a common ('efficient return') factor and two market-side-specific components...
Persistent link: https://www.econbiz.de/10010303698