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Networks of Micro and Small Enterprise Banks: A Contribution to Financial Sector Development

Schmidt, Reinhard H.; Von Pischke, J.D. - 2004

The paper is a follow-up to an article published in Technique Financière et Developpement in 2000 (see the appendix to … microfinance banks operating in several parts of the world. After discussing why financial sector development is a crucial … present the world's largest and most successful network of microfinance banks. This network is a good example of a well …

Persistent link: https://www.econbiz.de/10010316100

Internationale Rechnungslegungsnormen und Neue Institutionenökonomik

Wüstemann, Jens - 1999

Die Öffnung des deutschen Bilanzrechts bewirkt eine zunehmende Anwendungsbreite von internationalen Rechnunungslegungsnormen (wie insbesondere der US-GAAP und der IAS) für deutsche Rechtsanwender;1 die heterogenen Normtypen und die – damit einhergehend – unterschiedlichen ökonomischen...

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

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

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

Portfolio Choice and Estimation Risk: A Comparison of Bayesian to Heuristic Approaches

Herold, Ulf; Maurer, Raimond - 2002

Estimation risk is known to have a huge impact on mean/variance (MV) optimized portfolios, which is one of the primary … reasons to make standard Markowitz optimization unfeasible in practice. Several approaches to incorporate estimation risk into … that leads to new procedures that can reduce estimation risk. Resampling efficiency has been contrasted to standard …

Persistent link: https://www.econbiz.de/10010316250

The Valuation of Employee Stock Options - How Good Is the Standard?

Raupach, Peter - 2003

This study contributes to the valuation of employee stock options (ESO) in two ways: First, a new pricing model is presented, admitting a major part of calculations to be solved in closed form. Designed with a focus on good replication of empirics, the model fits with publicly observable...

Persistent link: https://www.econbiz.de/10010316309

Entwicklungsfinanzierung

Schmidt, Reinhard H. - 2000

Persistent link: https://www.econbiz.de/10010316320

Ist die Hebelwirkung der Grund für Asymmetrie in ARCH- und GARCH-Modellen?

Schoffer, Olaf - 2000

Persistent link: https://www.econbiz.de/10010316711

Chinese networks and tariff evasion

Rotunno, Lorenzo; Vézina, Pierre-Louis - 2010

In this paper we combine the tariff evasion analysis of Fisman and Wei (2004) with Rauch and Trindade's (2002) study of Chinese trade networks. Chinese networks are known to act as trade catalysts by enforcing contracts and providing market information. As tariff evasion occurs outside the law,...

Persistent link: https://www.econbiz.de/10010316734

Are preferential agreements stepping stones to other markets?

Molina, Ana Cristina - 2010

This paper investigates whether preferential trade agreements (PTA) promote exports to third nations through the expansion of the extensive margin (i.e. larger number of export goods). The analysis covers 11 South-South and South-North PTAs involving 36 countries that exported to 118 different...

Persistent link: https://www.econbiz.de/10010316735