Protecting against unexpected yield curve, inflation, and longevity shifts are some of the most critical issues institutional and private investors must solve when managing post-retirement income benefits. This paper empirically investigates the performance of alternative immunization strategies...

Interest rates have been very low for several years, which is particularly challenging for life insurers. Since 2001, German life insurers have had to set an additional reserve due to low interest rates to ensure the protection of policyholders. However, the method introduced at that time to...

The aim of the paper is to evaluate the effects of loose monetary policy on corporate investment of manufacturing firms in the Czech Republic during the period between 2006 and 2015. The main focus of the paper is on the effect of low interest rates on investment activity of Czech firms;...

We identify the impact of short-term interest rates on credit risk-taking in the short and long run by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was mostly decided abroad. Duration analyses show that lower overnight rates...

This article contributes to the literature by indicating how certain monetary policies impact the compensation incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and managers and between shareholders and creditors, a...

Research question: Is there a link between the type of report that a company publishes and its financial performance? Motivation: I draw on previous research that analyses the impact of integrated reporting on the firm's valuation (Arguelles et al., 2015; Lee & Yeo, 2016; Barth et al., 2017; Zhou et al., 2017;...

The upward trend in women's representation on executive and supervisory boards of major companies in Germany continued in 2022, although the overall momentum has slowed yet again. Growth on executive boards in particular has slowed, as the most recent DIW Berlin Women Executives Barometer shows:...

In den Vorständen und Aufsichtsräten großer Unternehmen in Deutschland waren im vergangenen Jahr erneut mehr Frauen vertreten als zuvor. Gleichwohl ließ die Dynamik insgesamt wieder nach. Das gilt insbesondere für die Vorstände, wie das neueste DIW Managerinnen-Barometer zeigt. Nachdem es...