Argues (in 1893) that early economists viewed only three production factors as critical to economics – land, capital and labor. However, a fourth factor is also critical – enterprise, or risk-taking, which is typically rewarded with profit. This reward for risk represents a different form of...

After the financial crisis of 2007-2008, some bank performance dimensions have been the subject of debate, two of which are bank efficiency and bank risk-taking behavior. The literature on bank efficiency and productivity has grown considerably over the past three decades, and has gained...

Das Anlagefondsgeschäft zählt, nicht zuletzt aufgrund der demographischen Entwicklung, zu einemder am stärksten wachsenden Segmente innerhalb der Finanzdienstleistungsindustrie. Dabei istdie zukünftige Entwicklung einerseits durch eine zunehmende Konkurrenzierung durch...