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Der Wertpapierprospekt: empirische Befunde zur Qualität der Risikoangaben bei Neuemissionen

Henselmann, Klaus; Klein, Martin; Maier, Christian - 2009

The paper analyzes the risk disclosure quality in the prospectus of IPOs in Germany between 2006 and 2008. Quality of risk information is measured as precision and comprehensibility. The relationship between risk disclosure quality and earnings power is tested.

Persistent link: https://www.econbiz.de/10010300003

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

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

On-the-run premia, settlement fails, and central bank access

Schneider, Fabienne - 2024

The premium on "on-the-run" Treasuries (i.e. the most recently issued ones) is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. Primary dealers are more likely to hold large inventories of on-the-run Treasuries. There is also less variation across...

Persistent link: https://www.econbiz.de/10015053569

When Galatea cares about her Reputation: How having Faith in your Workers reduces their Motivation to shine

Kamphorst, Jurjen J.A.; Swank, Otto H. - 2010

motivate employeeswho are driven by concerns about their reputation for being able. When employeesare driven by monetary …

Persistent link: https://www.econbiz.de/10010325976

The Market for liars: Reputation and auditor honesty

McLennan, Andrew; Park, In-Uck - 2003

reputation for honesty. We characterize conditions under which there exists a 'two-tier equilibrium' in which 'reputable …' auditors refuse bribes offered by clients for fear of losing reputation, while 'disreputable' auditors accept bribes because … even persistent refusal does not create a good reputation. The main findings are: (a) honest auditors charge higher fees …

Persistent link: https://www.econbiz.de/10010332213

Screening, Competition, and Job Design Economic Origins of Good Jobs

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2009

Persistent link: https://www.econbiz.de/10010333812

Screening, Competition, and Job Design: Economic Origins of Good Jobs

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2010

In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...

Persistent link: https://www.econbiz.de/10011600906

Credibility and reputation in peacemaking

Addison, Tony; Murshed, S. Mansoob - 2001

The paper analyses credibility and reputation in the context of peace negotiations. Where war provides economic gains …

Persistent link: https://www.econbiz.de/10010279254

Screening, Competition, and Job Design

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2010

In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These “high-performance work systems” are difficult to understand in terms of standard moral hazard models. We show...

Persistent link: https://www.econbiz.de/10010427573

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