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Persistent link: https://www.econbiz.de/10011695703
Im Vorfeld der Bundestagswahl 2013 findet in Deutschland eine intensive Debatte über die Umverteilungswirkung der … tax in Germany is going on. With respect to the r educed top tax rate of 42 percent in a meantime and now 45 percent high …
Persistent link: https://www.econbiz.de/10010310886
This paper studies optimal linear income taxation and redistributive social insurance when the former has the traditional labor distortion and the latter generates both ex ante and ex post moral hazard. Private insurance is available and individuals differ in labor productivity and in loss...
Persistent link: https://www.econbiz.de/10011940629
) lässt erkennen, dass in Deutschland ein hohes Maß an Ungerechtigkeitsempfinden hinsichtlich der Entlohnung von Managern im …
Persistent link: https://www.econbiz.de/10011601553
This questionnaire survey of fund managers in the United States, Germany and Switzerland documents a distinctly … significantly related to higher working effort but not to risk taking. They also seem to induce fund managers to rely more on … fundamental information. Findings within regions are confirmed by Trans-Atlantic evidence as US fund managers receive larger …
Persistent link: https://www.econbiz.de/10010275801
Im klassischen Beitrag von Salant, Switzer und Reynolds (1983) wird für symmetrische Unternehmungen gezeigt, daß bei Verfolgung einer Mengenpolitik Fusionen zur Einschränkung des Wettbewerbs nur dann für die beteiligten Unternehmungen lohnend sind, wenn wenigstens 80 % der Unternehmungen an...
Persistent link: https://www.econbiz.de/10010305056
The behavior of a hedge-fund manager naturally depends on her compensation scheme, her preferences, and constraints on her risk-taking. We propose a numerical method which can be used to analyze the impact of these influences. The model leads to several interesting and novel results concerning...
Persistent link: https://www.econbiz.de/10010323933
In this paper shareholders face the trade-off between providing managers with incentives to exert beneficial effort and …
Persistent link: https://www.econbiz.de/10011651436
A strictly risk-averse manager makes joint decisions on a firm's tax payments and book profit declarations according to accounting standards. It is analysed how the incentives to overpay or evade taxes and to inflate book profits are influenced by (1) the composition of the manager's...
Persistent link: https://www.econbiz.de/10010264300
In the middle of the nineties, the sharp increase in globalisation and the last privatization wave have promoted the shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model is simulated in order to assess to what extend such a...
Persistent link: https://www.econbiz.de/10010264440