Dieser Beitrag untersucht die Möglichkeiten der Bewertung von Kunst- undKulturgegenständen im neuen doppischen Finanzwesen der Kommunen im Kontextzum Zweck der Bilanzierung und schließt mit einem Modellvorschlag zur Ermittlungdes Erhaltungsaufwandes. Die ergebnisorientierte Steuerung und die...

The government’s main objective in improving the access to finance for small businesses is to reduce the number of small businesses encountering access to finance as a barrier to growth.The purpose of this section is twofold:• To provide an overview of the evidence to explain why the...

Model risk as part of the operational risk is a serious problem for financial institutions.As the pricing of derivatives as well as the computation of the marketor credit risk of an institution depend on statistical models the application of awrong model can lead to a serious over- or...

The question of whether the CEO should also serve as chairman of the board is one of themost hotly debated issues in the recent corporate governance discussion. While agencytheoreticarguments advocate a separation of decision and control functions, the empiricalevidence focusing on U.S....

This paper investigates the determinants of Swiss non-financial firms’ cash holdings overthe 1995 to 2004 period. The median Swiss firm holds almost twice as much cash andcash equivalents as the median UK or US firm. Our results indicate that there is a negativerelationship between asset...

Customer relationships represent a firm’s most valuable assets.Within value-basedmanagement it is therefore crucial that customer relationships should be treated as assetsor investments that need to be actively managed to maximize corporate value. However,(mono-)disciplinary approaches often...

By applying regulatory focus theory, this paper investigates the impact of both initialconfidence and of exactness of growth expectations on subsequent financialperformance of the small firms. Drawing on the unique data set based on the repeatedsurvey design, we make one of the first attempts to...

Polish businesses are passing the fifteen year mark of the free market experience. The important processes that could be observed during that time include the formation of groups of companies. What were the establishment paths of these multiple organisations and what was the impact of historical...

The article, which falls within the terms of reference of insurance risk analysis, presentsresearch on the death risk regional differentiation and its influence on the level of insuranceand social security premiums.The article is divided into four parts. The first one describes probability of...