Dieses Buch ist für Praktiker geschrieben, die Anspruch auf fundierte theoretische Grundlagen erheben. Die Erfolgsfaktoren zur Gestaltung von Kooperationsprozessen werden auf Basis des empirischen Materials aus mehreren Beratungsprojekten des Autors sowie vier unterschiedlicher...

While individual investors may have more diverse preferences and trading behavior than institutional investors due to their lack of professional education, many studies tend to lump individual investors together or classify them by socio-demographic characteristics. We conducted an empirical...

This paper studies growth patterns in Emerging Market Economies (EMs) from the perspective on clusters and taxonomies. First, it documents developments over the past five decades in EMs and uses a cluster analysis to better understand convergence and the investment-growth nexus. Second, it looks...

I refine the test for clustering of Patton and Weller (2022) to allow for cluster switching. In a multivariate panel setting, clustering on timeaverages produces consistent estimators of means and group assignments. Once switching is introduced, we lose the consistency. In fact, under switching...