According to the German federal government's climate protection targets, there will be a continuous reduction of lignite-based electricity well before 2030. Simulations show that the currently authorized lignite mines in eastern Germany would not be fully depleted if the climate protection...

Den Klimaschutzzielen der Bundesregierung zufolge muss dieBraunkohleverstromung in Deutschland bereits deutlich vor demJahr 2030 kontinuierlich abnehmen. Simulationen zeigen, dass diebereits genehmigten Tagebaufelder in den ostdeutschen Revierenbei einer Einhaltung der Klimaschutzziele bis 2030...

By means of a company merger formerly legally and economically independent companies are tied up to an economic entity. To order the financial state of affairs after the merger, the current shareholders must revalue their stake in the merged company. The interest is focused on the valuation of...

The subject of this paper is a modified net present value, and how it could be a useful tool for synergy valuation in the process of business combination. Every successful acquisition has to result in synergy in the post acquisition value. In the process of valuation each company has three...

We investigate whether ownership concentration influences bank profitability in a developing country context. We focus on bank ownership concentration measured as the amount of direct equity held by a majority shareholder categorised into: high ownership concentration, moderate ownership...

In response to the weakness of traditional efficiency assessment methods taking risk into account, the modification of the Certainty Equivalent method is proposed in this paper. The possibility of connecting solutions from different fields provides for the elaboration of a more effective tool to...

This paper is a first attempt at differentiating the problems of finance of the privately held small businesses from their larger counterparts. Small businesses, though not concerned with the problems and opportunities associated with publicly traded firms, have different types of complexities,...

Die Energiewende verläuft langsamer als geplant. Offensichtlich bleiben private Investoren zurückhaltend, obwohl das Zinsniveau niedrig ist, politische Zugeständnisse bei der Risikoverteilung gemacht wurden und erhebliche Fördersummen insbesondere über das Erneuerbare-Energien-Gesetz...