We examine the interplay of markets, ethics and law, and rising demand for ethical behavior in a market driven society coping with the promise and peril of rapid technological innovation.(...)

This paper considers the generic processes and linkages that comprise financial intermediation - the basic 'financial hydraulics' that ultimately drive efficiency and innovation in the financial system and its impact on real-sector resource allocation and economic growth.(...)

The paper addresses the financial reorganization and corporate restructuring required in the aftermath of an asset bubble. Although much has been written about macroeconomic policies monetary and fiscal measures to abate and respond to bubbles, too little attention hasbeen given to the...

The purpose of this paper is to call for a reassessment of the significance of corporate finance for corporate control and for a reorientation of the theory of corporate governance.

Deregulation of financial systems, internationalisation of financial markets andglobalisation of product markets have led to considerable changes in theinstitutional and economic environment of banks and small and medium sizedenterprises (SMEs)...

In der Finanzwissenschaft wird das Modell vom sogenannten Budgetkreislaufgenutzt, um das Prozedere der Geldverteilung in öffentlichen Verwaltungenzu beschreiben. Diese Beschreibung gilt immer noch, wo, wie amBeispiel des Landes Berlins zu sehen, die Grundlagen für das Funktionierendes Modells...

In their book The Power to Tax, Brennan and Buchanan have pointed to a central weakness of the traditional theory of public finance and especially of the theory of optimal taxation: This approach overlooked the problem of governmental power and the tendency of this power to be abused. It was...