The univariate piecing-together approach (PT) fits a univariate generalized Pareto distribution (GPD) to the upper tail of a given distribution function in a continuous manner. We propose a multivariate extension. First it is shown that an arbitrary copula is in the domain of attraction of a...

Today's economic growth challenges will become greater in the future because of the world's aging population, fertility trends and current levels, and current entitlement policies. Those challenges could be overcome, however, with thoughtful public policies and a culture that fosters...

Prior empirical research on institutional change shows that the actions of institutional actors in one locale can impact organizational behavior in another. In this paper, we explore how extrajurisdictional regulative and normative pressures faced by a set of organizations affect the strategic...

In Wissenschaft und Praxis ist die Notwendigkeit zur integrierten Betrachtung von IT-Compliance unbestritten. Es fehlt jedoch der Überblick über die Vielzahl der – häufig nur unzureichend konkret formulierten – regulatorischen Anforderungen und der branchenüblichen Best-Practices sowie...

Does capitalism still work? In the newspapers and on TV, capitalism is being criticised everywhere as the source of rising inequality and a system that no longer works for the middle class. At the heart of the tension between capitalism and the “public good” lies the question of whether a...