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Catastrophe Index-Linked Securities and Reinsurance as Substituties
Nell, Martin; Richter, Andreas - 2000
tools in a standard insurance demand theory environment. We concentrate on the problem of basis risk versus transaction cost …
Persistent link: https://www.econbiz.de/10010316284
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The Theoretical Derivation of Credit Market Segmentation as the Result of a Free Market Process
Tschach, Ingo E. - 2003
Information asymmetries make it difficult for banks to assess accurately whether specific entrepreneurs are able and/or willing to repay their loans. This leads to implicit interest rate ceilings, i.e. banks refuse to increase their interest rates beyond this ceiling as this would lower their...
Persistent link: https://www.econbiz.de/10010316287
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Estimating the Expected Cost of Equity Capital Using Consensus Forecasts
Gebhardt, Günther; Daske, Holger; Klein, Stefan - 2004
In this study, we develop a technique for estimating a firm’s expected cost of equity capital derived from analyst consensus forecasts and stock prices. Building on the work of Gebhardt/Lee/-Swaminathan (2001) and Easton/Taylor/Shroff/Sougiannis (2002), our approach allows daily estimation,...
Persistent link: https://www.econbiz.de/10010316291
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Quasirenten, Prüferwechsel und rationale Adressaten
Stefani, Ulrike - 1999
In der Literatur zur Abschlußprüfung ist ein negativer Effekt eines ökonomischen Vorteils aus der wiederholten Mandatsannahme, der aufgrund von Transaktionskosten entsteht, auf die Unabhängigkeit des Abschlußprüfers diskutiert worden. Anders als die bisher vorgestellten Ansätze wird im...
Persistent link: https://www.econbiz.de/10010316294
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Portfolio-aspects in real options management
Brosch, Rainer - 2001
Real options theory applies techniques known from finance theory to the valuation of capital investments. The present …
Persistent link: https://www.econbiz.de/10010316295
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Erich Gutenberg und die Theorie der Unternehmung
Schmidt, Reinhard H. - 1998
Ich möchte in diesem Vortrag Beziehungen zwischen Gutenbergs Theorie der Unternehmung, die in seiner … Habilitationsschrift angelegt und in den Grundlagen der Betriebswirtschaftslehre entfaltet ist, und aktuellen Entwicklungen in der Theorie …, ob mein Vorhaben ein wissenschaftlich sinnvolles Unterfangen darstellt: Kann Gutenbergs Theorie der Unternehmung noch …
Persistent link: https://www.econbiz.de/10010316296
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The Markov switching ACD model
Hujer, Reinhard; Vuletic, Sandra; Kokot, Stefan - 2002
Persistent link: https://www.econbiz.de/10010316297
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Financing patterns: Measurement concepts and empirical results
Hackethal, Andreas; Schmidt, Reinhard H. - 2000
A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...
Persistent link: https://www.econbiz.de/10010316298
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Immobilienindizes im Portfolio-Management
Maurer, Raimond; Sebastian, Steffen; Stephan, Thomas G. - 2000
Der vorliegende Beitrag zeigt verschiedene Möglichkeiten auf, um repräsentative Renditen für die Anlageklasse Immobilien berechnen zu können. Betrachtet werden Indizes auf der Basis (i) von regelmäßig bewerteter Immobilienportefeuilles, (ii) auf Basis von Markttransaktionen in Immobilien...
Persistent link: https://www.econbiz.de/10010316301
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Project selection, income smoothing, and Bayesian learning
Gaber, Christian - 2003
Capital rationing is an empirically well-documented phenomenon. This constraint requires managers to make investment decisions between mutually exclusive investment opportunities. In a multiperiod agency setting, this paper analyses accounting rules that provide managerial incentives for...
Persistent link: https://www.econbiz.de/10010316305