In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing...

In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing...

In an era marked by multi-crisis environments, the significance of corporate finance and credit ratings amplifies, especially for German small- and medium-sized family firms, often constrained in accessing capital markets. This thesis investigates how family firms employ impression management...

Der technische Fortschritt hat den Wertpapierhandel an den Börsen in den letzten Jahren drastisch verändert. An den Aktienmärkten dominiert nunmehr der Hochfrequenzhandel mit vollautomatisierten und algorithmusgesteuerten Entscheidungen in Bruchteilen von Millisekunden den Handel. Diese...