The potential for portfolio diversification is driven broadly by two characteristics: the degree to which systematic risk factors are correlated with each other and the degree of dependence individual firms have to the different types of risk factors. Using a global vector autoregressive...

The potential for portfolio diversification is driven broadly by two characteristics: the degree to which systematic risk factors are correlated with each other and the degree of dependence individual firms have to the different types of risk factors. Using a global vector autoregressive...

Kooperationen sind für den unternehmerischen Erfolg von Biotechnologieunternehmen von überragender Bedeutung. Lange bevor die Unternehmen ein marktreifes Produkt herstellen können, müssen sie ihre Leistungsfähigkeit durch eine Kooperation mit einem attraktiven Partner aus der...

Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however is concerned with the design of innovative products. The...