Die gemeinnützigen Unternehmen der Freien Wohlfahrtspflege sind Marktführer beim Angebot sozialer Dienste, stellen über 1,1 Mio. Arbeitsplätze bereit und leisten einen Beitrag von etwa 2% zum Volkseinkommen. Trotz verschiedener Gesetzesreformen beherrschen staatliche Regulierungen, ein...

Surveys of corporate risk management document that selective hedging, where managers incorporate their market views into firms' hedging programs, is widespread in the U.S. and other countries. Stulz (1996) argues that selective hedging could enhance the value of firms that possess an information...

Study empirically the relationship between liability and insurance in the realm of financial injuries; Evaluate how liability insurance transmits and transforms the deterrence signal of securities liability...

Purpose: We examine motives for hiring a non-family Chief FinancialOfficer (CFO) in family firms. We explore the perceptions of family firm ownerstowards external managers by analyzing how their goals relate to the employmentof a non-family CFO.Design/methodology/approach: Our study is based on...