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.

Researchers frequently studied the casual relationships of other-regarding preferences by applying experimental methods in bilateral settings (e.g., dictator game and ultimatum game). We use a framed experiment on taxes to study preferences for redistribution in a multi-person setting. We find...

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime-age workers in the presence of a tax benefit link,...

Several studies indicate that stock option plans are becoming more and more a substantial part of compensation schemes in U.S. companies. This paper shows the tax implications and accounting rules for stock option plans. By comparison of the tax and accounting rules for different compensation...