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This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...
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Was beeinflusst den Studienerfolg eines betriebswirtschaftlichen Studiums in Form der erreichten Abschlussnote? Aus der Perspektive der Studierenden, der staatlichen Hochschulpolitik und der Hochschulen sind dabei unterschiedliche Einflussfaktoren von Bedeutung: Die Note der...
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manager pay. We find that, of the six management practice areas surveyed, the most important is "commercial awareness," where …
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We study the impact of and reward to middle management ability using data from 245 stores of a nationwide retailer. The … company scores six broad areas of management practice, the most important of which turns out to be "commercial awareness … managers do not receive higher pay all else equal, which implies that middle management ability is not fully tradable. …
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