We examine the determinants of private equity returns using a newly constructed database of 7,500investments worldwide over forty years. The median investment IRR (PME) is 21% (1.3), gross offees. One in ten investments goes bankrupt, whereas one in four has an IRR above 50%. Only one ineight...

We examine which tax allocation system leads to more severe distortions with respect to locational investment decisions. We consider separate accounting (SA) and formula apportionment (FA). The effects of both systems have been hotly debated in Europe in the past years. The reason is that the EU...

Die Personalpolitik US-amerikanischer multinationaler Unternehmen weist einige gemeinsame Züge auf, die man ihrer Einbettung in das Heimatland ("country of origin") zurechnen kann. In dem vorliegenden Band werden Forschungsergebnisse präsentiert, die die Umsetzung der amerikanischen...