We analyse whether family firms differ from non-family firms in terms of business segment and geographical diversification or the application of currency hedging instruments. This analysis is based on a unique dataset of 339 publicly listed companies (1,561 firm years) in the German Prime...

The price process in a financial market is driven by demand and supply. Statistical analyses have shown that price “feeds back” on future demand and supply. To date, few testable models have been proposed that offer an economic explanation for this relationship. In this paper, we investigate a...

Like many financial contracts, derivatives are subject to default risk. A very popular mechanism in derivatives markets to mitigate the risk of non-performance on contracts is margining. By attaching collateral to a contract, margining supposedly reduces default risk. The broader impacts of the...