Dieses Buch betrachtet die Entwicklung der funktionalen und personellen Einkommensverteilung und deren Verortung im Feld der Wirtschaftswissenschaften im Zeitablauf. Zunächst werden die gängigen theoretischen Erklärungsansätze zur funktionalen und zur personellen Einkommensverteilung...

Political risk, one of the most significant uncertainty shocks, affects firms' future attitudes toward risks and plays a crucial role in their decision making. A stock price crash risk is a classical topic in financial markets; therefore, this paper probes the relationship between firm-level...

This paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory-based predictions for how information risk and market stress influence aggregate herding intensity. We test these predictions empirically using a comprehensive data set of highfrequency and...

There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...