The in°uence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that being an entrepreneur means making risky decisions in uncertain environments; hence more risk-averse individuals are less likely to...

We propose a model of the European gas market where the risk that Russian deliveries are interrupted is endogenized. While Russia's attempts to buy considerable parts of the European downstream industry have faced strong political opposition, we argue that Russian participation in the downstream...

In this paper we discuss air quality assessment in three Italian, German and Polish regions using the index methodology proposed in Bruno and Cocchi (2002, 2007). This analysis focuses first of all on the quality of the air in each of the countries being taken into consideration, and then adopts...

Das Thema der Steuerbilanzpolitik fand während der letzten Jahre nur wenig Beachtung in der deutschen Steuerliteratur. Der Grund dafür könnte nach Meinung von Breithecker, Klapdor und Passe darin liegen, dass diese Thematik bereits hinreichend erforscht wurde und deshalb die Möglichkeiten...

Siegel (1995) has developed a technique with which the systematic risk of a security (beta) can be estimated without recourse to historical capital market data. Instead, beta is estimated implicitly from the current market prices of exchange options that enable the exchange of a security against...

This paper continues the analysis of a special uncapacitated single item lot sizing problem where a minimum order quantity restriction, instead of the setup cost, guarantees a certain level of production lots. A detailed analysis of the model and an investigation of the particularities of the...

Das vorliegende Papier untersucht die Frage, ob die quantitative Insolvenzprognose für ukrainische Aktiengesellschaften realisierbar ist. Es gab in der Ukraine bis jetzt keine seriösen Studien zur quantitativen datengetriebenen Insolvenzprognose, obwohl die Datenverfügbarkeit bereits seit...