Showing 1 - 10 of 150
risk position with due implications for the macroeconomy. The investigation is based on a special evaluation of the balance … higher risks in the time period 1987-1996. Further tests reveal that for this firms’ size investment and financial risk are …
Persistent link: https://www.econbiz.de/10014608853
paper’s aim is to check the robustness of the results and to quantify the development of the financial risk measures by … German enterprises. Our results confirm the higher risk position of small and medium-sized enterprises in the period 1987-1996.  … Ergebnisse stützen die Hypothese, daß kleine und mittlere Unternehmen einem höheren finanzwirtschaftlichen Risiko ausgesetzt sind.  …
Persistent link: https://www.econbiz.de/10014608854
Summary This paper investigates the borrowing behavior of 2,900 French and 1,300 German firms over the 1987-95 period. Both samples based on data sets of the Banque de France and the Deutsche Bundesbank not only include large but also small and medium-sized enterprises. Applying GMM techniques,...
Persistent link: https://www.econbiz.de/10014608858
dem Hintergrund der Theorie der Unternehmensfinanzierung und im Kontext theoretischer Überlegungen zum Aufbau und zur …
Persistent link: https://www.econbiz.de/10014608859
Companies face a great challenge of balancing both risk and return on par. In today's volatile economic environment …, success depends on strategically managing risks. All organisations accept risk in every decision that they take and risk … with behavioral factors or qualitative. Effective strategic risk management must address both quantitative and qualitative …
Persistent link: https://www.econbiz.de/10012047271
Summary The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However; the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...
Persistent link: https://www.econbiz.de/10014608780
Abstract While it is well known that financing and infrastructure constraints negatively affect economic development, the correlations between these constraints have been underexplored in the economics literature. This paper focuses on the implications of financing and infrastructure constraints...
Persistent link: https://www.econbiz.de/10014586893
. Es erweist sich, dass die Divergenz in den Wachstumsraten der USA und der EU seit 1997 fast zur Gänze auf …
Persistent link: https://www.econbiz.de/10014609054
Abstract This paper introduces optimal expected utility (OEU) risk measures, investigates their main properties and … puts them in perspective to alternative risk measures and notions of certainty equivalents. By taking the investor’s point … best of our knowledge, OEU is the only existing utility-based risk measure that is (non-trivial and) coherent if the …
Persistent link: https://www.econbiz.de/10014621266
presented an estimator of CE using empirical approach. In this paper, we consider a risk measure based on CE and compare it with …
Persistent link: https://www.econbiz.de/10014591028