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,questions whether norm deviations can be detected and thus punished. By investing in information acquisition, aresponder in an ultimatum … can be rather high (‘high payoff mode’) orlow (‘low payoff mode’). The responder can buy information about the proposer … buy reward information (30 out of 55). Buyingreward information on average did not help the responder nor did it improve …
Persistent link: https://www.econbiz.de/10005866948
This questionnaire survey of fund managers in the United States, Germany and Switzerlanddocuments a distinctly positive influence of bonus payments on investment behavior on bothsides of the Atlantic. Higher bonus payments are significantly related to higher working effortbut not to risk taking....
Persistent link: https://www.econbiz.de/10005867397
spreads are inversely related to a trade’s likely information content. Second,the paper suggests three potential sources for … the pattern of customer spreads, two of which rely onthe information structure of the market.[...] …
Persistent link: https://www.econbiz.de/10005867482
regions. These regions are – as predicted by the local information hypothesis –centers of political and financial decision …
Persistent link: https://www.econbiz.de/10005867509
This paper finds that fund managers do not expect mean reverting returns, as suggested by theory andempirical evidence, but mean averting returns.[...]
Persistent link: https://www.econbiz.de/10005867603
survey of fund managers reveals home bias for these sophisticated investorsin an unrestricted setting. Proximity, perceived informational advantage andhigher expected returns are confirmed as accompanying factors. In addition, thehome bias of equity managers is also related to institutional,...
Persistent link: https://www.econbiz.de/10005867638
The role of electronic marketplaces is to act as an intermediary between supply and demand (Schmid 1993). Using a simplified classification, it is possible to distinguish between two general types of marketplaces on the World Wide Web...
Persistent link: https://www.econbiz.de/10005867774
The fact that an electronic market (EM)belongs to a specific market place operatorresults in specific objectives of itsmarketing. The main question is: How canan operator promote the performance ofhis market place ?The central task of an EM is the coordinationof supply and demand....
Persistent link: https://www.econbiz.de/10005867841
aided by electroniccommunications and information technologies(IT) have apparently become thewave of the future. The ability …
Persistent link: https://www.econbiz.de/10005867845
Informationsmanagement hat den effizienten Einsatz der Ressource Information zum Ziel. Schon immer war der … systematische und effiziente Umgang mit der Ressource Information für Unternehmen eine zentrale Herausforderung. Was sind die … Besonderheiten der Ressource Information, und welche Aspekte der Aufbau- und Ablauforganisation sind für das Informati …
Persistent link: https://www.econbiz.de/10005867894