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Internationale Rechnungslegungsnormen und Neue Institutionenökonomik

Wüstemann, Jens - 1999

eine komparative Rechnungslegungstheorie. Eine Besinnung auf die ökonomische Theorie ist – auch ausgelöst durch die … Prägung durch die ökonomische Theorie – und nicht vornehmlich durch die Anwender – erhielt.3 Es ist das Ziel des Aufsatzes …, einen Beitrag zu einer institutionenökonomischen Theorie der Rechnungslegung zum Zweck der Bestimmung von …

Persistent link: https://www.econbiz.de/10010316236

Avoiding the rating bounce: Why rating agencies are slow to react to new information

Löffler, Gunter - 2002

Rating agencies state that they take a rating action only when it is unlikely to be reversed shortly afterwards. Based on a formal representation of the rating process, I show that such a policy provides a good explanation for the empirical evidence: Rating changes occur relatively seldom,...

Persistent link: https://www.econbiz.de/10010316237

Integrated asset liability modelling for property casuality insurance: A portfolio theoretical approach

Dus, Ivica; Maurer, Raimond - 2001

theory and recognizes the stochastic nature of and the interaction between the underwriting and investment income of the …

Persistent link: https://www.econbiz.de/10010316238

Tackling boundary effects in nonparametric estimation of intra-day liquidity measures

Grammig, Joachim; Hujer, Reinhard; Kokot, Stefan - 2001

Persistent link: https://www.econbiz.de/10010316239

Path Dependence, Corporate Governance and Complementarity

Schmidt, Reinhard H.; Spindler, Gerald - 2000

In a series of recent papers, Mark Roe and Lucian Bebchuk have developed further the concept of path dependence, combined it with concepts of evolution and used it to challenge the wide-spread view that the corporate governance systems of the major advanced economies are likely to converge...

Persistent link: https://www.econbiz.de/10010316240

Shareholder vs. Stakeholder: Ökonomische Fragestellungen

Schmidt, Reinhard H.; Weiß, Marco - 2003

Stakeholder berücksichtigt, auf der anderen Seite - werden geschildert und mit den Mitteln der ökonomischen Theorie bewertet …

Persistent link: https://www.econbiz.de/10010316241

On the Stability of Different Financial Systems

Fecht, Falko - 2003

An economy in which deposit-taking banks of a Diamond/ Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...

Persistent link: https://www.econbiz.de/10010316242

Gewinnglättung und Steuerung dezentraler Investitionsentscheidungen bei sich gegenseitig ausschließenden Investitionsprojekten

Gaber, Christian - 2002

This paper examines the provision of managerial investment incentives by an accounting based incentive scheme in a multiperiod agency setting in which an impatient manager has to choose between mutually exclusive investment projects. We study the properties of accounting rules that motivate an...

Persistent link: https://www.econbiz.de/10010316243

Accounting for Financial Instruments in the Banking Industry

Gebhardt, Günther; Reichardt, Rolf; Wittenbrink, Carsten - 2002

Recent changes in accounting regulation for financial instruments (SFAS 133, IAS 39) have been heavily criticized by representatives from the banking industry. They argue for retaining a historical cost based mixed model where accounting for financial instruments depends on their designation to...

Persistent link: https://www.econbiz.de/10010316245

Credit Scoring and Incentives for Loan Officers in a Principal Agent Model

Feess, Eberhard; Schieble, Michael - 1998

We analyze incentives for loan officers in a model with hidden action, limited liability and truth-telling constraints under the assumption that the principal has private information from an automatic scoring system. First we show that the truth-telling problem reduces the bank’s expected...

Persistent link: https://www.econbiz.de/10010316246