In this paper, we identify and document the empirical characteristics of the key drivers of convertible arbitrage as a strategy and how they impact the performance of convertible arbitrage hedge funds. We show that the returns of a buy-and-hedge strategy involving taking a long position in...

We examine the evolution of decentralized clearinghouse mechanisms from the 13th to the 18th century; in particular, we explore the clearing of non- or limitedtradable debts like bills of exchange. We construct a theoretical model of these clearinghouse mechanisms, similar to the models in the...

Der Klimawandel mit seinen Folgen für das Erdsystem lässt sich nur mit einer globalen Rechtsarchitektur bewältigen. Diese integriert eine Vielfalt von Steuerungsarrangements von lokaler und transnationaler Selbstregulierung in Gesellschaft und Wirtschaft über innerstaatliches Recht und...

The radar chart approach is one of a number of special analytical tools that have been developed in connection with benchmarking in the private and public sectors. Although well established as a management tool, the radar chart approach has to our knowledge never been applied to benchmarking...

In this paper we carry out a meta evaluation of the international evaluation literature regarding active labour market policies (ALMPs). Many attempts have been made to estimate the net impact of reintegration measures on the individual job entry chance. So, the question is what conclusions can...

This is a paper based on the annual lecture in honour of Hugo Sinzheimer at November 10, 2005, Hugo-Sinzheimer-Institute at the University of Amsterdam. In 1928, Sinzheimer wrote an article entitled 'Die Demokratisierung des Arbeitsverhältnisses,' (The Democratisation of the Employment...

In der Auseinandersetzung mit der Globalisierung von Wirtschaftsprozessen kann sich die sozialwissenschaftliche Institutionentheorie nicht mehr auf die Untersuchung nationaler Konfigurationen beschränken, sondern sollte der transnationalen Rekombination institutioneller Arrangements mehr...

In the debate on globalization it is often argued that multinational corporations (MNCs) have gained increasing power due to their growth and due to new global or transnational structures and strategies. This paper presents empirical evidence - especially from various national statistics ignored...

This paper discusses various ways of measuring corporate internationalisation. The concepts considered here became of crucial importance in the recent debate on globalisation, since many scholars link globalisation to a quantitative increase in the international activities of firms. However,...