Das Thema Outsourcing steht seit langem im Fokus von Theorie und Praxis. In den letztenJahren sind dabei besonders Geschäftsprozesse als Gegenstand der Auslagerung in denMittelpunkt gerückt: Aktuelle Studien (siehe u.a. BITKOM 2005; Gartner 2006; PAC 2006)beschäftigen sich mit dieser speziellen Form...

Investor concerns about climate and other environmental regulatory risks suggest that these risks should affect corporate bond risk assessment and pricing. We test this hypothesis and find that firms with poor environmental profiles or high carbon footprints tend to have lower credit ratings and...

We study the role of information in asset pricing models with long-run cash flow risk. When investors can distinguish short- from long-run consumption risks (full information), the model generates a sizable equity risk premium only if the equity term structure slopes up, contrary to the data. In...

We study the role of information in asset pricing models with long-run cash flow risk. When investors can distinguish short- from long-run consumption risks (full information), the model generates a sizable equity risk premium only if the equity term structure slopes up, contrary to the data. In...