This paper investigates the effects of detailed job characteristics on job satisfaction, job search and quits using data from the German Socio-Economic Panel (GSOEP) in a fixed effects framework.Using a factor analysis, seventeen job characteristics are reduced to seven factors that describe...

This study shows that order flow in a foreign exchange market only has permanent price impact if itcomes from certain regions. These regions are – as predicted by the local information hypothesis –centers of political and financial decision making. It is revealing that orders from other...

Die vorliegende Arbeit setzt sich mit der Frage auseinander, ob und auf welche Weise für Unternehmen mit Pensionsrückstellungen, Verbindlichkeiten aus Lieferungen und Leistungen und andere Passivpositionen eine Bewertungstheorie in der Tradition des Discounted Cashflows angewendet werden...

In diesem Papier wird untersucht, welche Auswirkungen die Verfügbarkeit vonInfrastruktur auf die unternehmerische Investitionsentscheidung hat. Dabei ist unterstellt,dass Infrastruktur zum einen Input in der Produktionsfunktion ist und zumanderen die Höhe der Anpassungskosten beeinflusst. Als...

In recent years layoffs have increasingly become the focus of public attention. So far, however, there has been no representative study for Germany of how far and under what conditions layoffs are acceted by the population - in other wordss by people who are not immediately affected. [...]

Evidence from credit files is provided to examine bank lending determinants of Thaicommercial banks. Their lending practice follows reasonable patterns as a standardset of variables, including indirect risk variables, explains much of the variance in interestrate spread. Reflecting institutional...

Investment policy is a central issue in foundations. The capital stock of a foundationand its long-term retention are prerequisites of a foundation’s perpetuity and independence. Afoundation’s goals can only be reached with the funds generated by the foundation’s investmentmanagement.[...]

Der Beitrag untersucht die betrieblichen Determinanten von Teilzeitbeschäftigung, Mini- und Midi-Jobs. Aus theoretischer Perspektive könnten alle drei Beschäftigungsformen als Instrument der Anpassungsflexibilität bei Nachfrageschocks genutzt werden. Die empirische Analyse zeigt, dass aber...

Early warning systems (EWSs) are subject to restrictions that apply to exchangerates in general: fundamentals matter but their influence is small and unstable. Despitethis limitation four major lessons emerge: First, EWSs have robust forecastingpower and thus help policy-makers to prevent...

This paper extends earlier studies on exchange rate expectations' formation by using newdata and adding information about forecasters' reliance on fundamental analysis for the firsttime. We replicate the conventional result of non rational expectations. Moreover, biases inexpectations are...