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The oversight of fire prevention in an enterprise
Kopczewski, Marian; Tobolski, Marek - In: Foundations of Management 5 (2013) 1, pp. 33-41
An efficiently working fire protection system in an enterprise, a work place or an institution guarantees the proper … execution of fire protection duties. Its proper organisation is of key importance. The conditions of the proper organisation of … the fire protection system in a given organisational unit are above all the universality in the scope of using applicable …
Persistent link: https://www.econbiz.de/10011923076
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Ländliche Räume in NRW - Räume mit Zukunftsperspektiven. Schwerpunktthema "Daseinsvorsorge": Teil-Positionspapier 4
Arens, Stephanie; Bradtke, Alexandra; Claßen, Thomas; … - 2022
Bereichen "Feuerwehr und Brandschutz" sowie "Gesundheit und Pflege" in den ländlichen Räumen Nordrhein-Westfalens. Beide … Gemeinden bei Problemen der Daseinsvorsorge in den Bereichen "Feuerwehr und Brandschutz" sowie "Gesundheit und Pflege … present position paper explicitly addresses the areas of fire brigades and fire protection as well as health and care in the …
Persistent link: https://www.econbiz.de/10012816065
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Firms' moral hazard in sickness absences
Böheim, René; Leoni, Thomas - 2011
Sick workers in many countries receive sick pay during their illness- related absences from the workplace. In several countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create moral hazard problems for firms, leading to the...
Persistent link: https://www.econbiz.de/10010294884
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A Model of the IMF as a Coinsurance Arrangement
Shim, Ilhyock; Sharma, Sunil; Chami, Ralph - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-14, pp. 1-41
The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial system. The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF?s objective is to safeguard its resources and be...
Persistent link: https://www.econbiz.de/10010295311
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A "wreckers theory" of financial distress
von Kalckreuth, Ulf - 2005
In recent years, a number of papers have established a new empirical regularity. Stocks of distressed firms vastly underperform those of financially healthy firms. It is not necessary to attribute the negative excess returns of distressed firms to inefficient or irrational markets. We show that...
Persistent link: https://www.econbiz.de/10010295785
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Moral hazard and bail-out in fiscal federations: evidence for the German Länder
Heppke-Falk, Kirsten H.; Wolff, Guntram B. - 2007
We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...
Persistent link: https://www.econbiz.de/10010295844
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Challenges Associated with the Expansion of Deposit Insurance Coverage during Fall 2008
Schich, Sebastian T. - 2009
Government provision of a financial safety net for financial institutions has been a key element of the policy response to the current crisis, with governments extending existing guarantees and introducing new ones. These measures have been helpful in avoiding a further accelerated loss of...
Persistent link: https://www.econbiz.de/10010298597
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Is this Risk Insurable? A Response to Sebastian Schich
Todd, Walker F. - 2009
In his paper "Challenges Associated with the Expansion of Deposit Insurance Coverage during Fall 2008'" Sebastian Schich of the OECD has written an excellent overview of the current situation of bank deposit insurance in the industrial economies of the world. He finds that, facing a crisis of...
Persistent link: https://www.econbiz.de/10010298602
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Challenges Associated with the Expansion of Deposit Insurance Coverage during Fall 2008
Schich, Sebastian T. - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-20, pp. 1-23
Government provision of a financial safety net for financial institutions has been a key element of the policy response to the current crisis, with governments extending existing guarantees and introducing new ones. These measures have been helpful in avoiding a further accelerated loss of...
Persistent link: https://www.econbiz.de/10010298638
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Delegation and incentives
Bester, Helmut; Krähmer, Daniel - 2006
This paper analyses the relation between authority and incentives. It extends the standard principal / agent model by a project selection stage in which the principal can either delegate the choice of project to the agent or keep the authority. The agent's subsequent choice of e ort depends both...
Persistent link: https://www.econbiz.de/10010299113