Showing 1 - 10 of 4,393
Several recent empirical papers assert that the decision to disclose an earnings forecast shortly before the actual earnings announcement reveals only short-term information and is therefore unlikely to entail proprietary costs. Using a simple dynamic model of voluntary disclosure, we show that...
Persistent link: https://www.econbiz.de/10013245221
Although the number of graduates with a bachelor's degree has risen over recent years, little information is available as to which position such persons hold within an establishment and whether they compete on the career ladder with persons from the vocational sector with advanced further...
Persistent link: https://www.econbiz.de/10013333541
Although the number of graduates with a bachelor's degree has risen over recent years, little information is available as to which position such persons hold within an establishment and whether they compete on the career ladder with persons from the vocational sector with advanced further...
Persistent link: https://www.econbiz.de/10013272253
Persistent link: https://www.econbiz.de/10011280103
Based on a sample of 946 German insurance intermediaries, the factors that affect the quality of the information … or certificates) to reduce asymmetric information with respect to the service quality of insurance intermediaries is … concentrate on increasing transparency about intermediaries' (in-)dependence from insurance companies and improve consumers …
Persistent link: https://www.econbiz.de/10003883970
Since 2007, all insurance intermediaries face negligence liability that is supposed to reallocate risks and set …
Persistent link: https://www.econbiz.de/10010362240
In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that … insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification …
Persistent link: https://www.econbiz.de/10010498978
Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices. We assume that the certificate price is...
Persistent link: https://www.econbiz.de/10003747872
Do firms learn to forecast future business conditions after major structural changes to the economy? How long does it take? We exploit German Reunification as a natural experiment, where firms in the East are treated with ignorance about the distribution of market states, to test a Bayesian...
Persistent link: https://www.econbiz.de/10012857100
The belief that home ownership makes people happy is probably one of the most widespread intuitive theories of happiness. However, whether it is accurate is an open question. Based on individual panel data, we explore whether home buyers systematically overestimate the life satisfaction...
Persistent link: https://www.econbiz.de/10012254078