This paper develops and empirically tests a model designed to distinguish the roleof real and …nancing frictions on fi…rms´investment, debt …nancing and equity …nancingpolicies. Real frictions include …xed costs of investment and adjustment costs. Financ-ing frictions include taxes,...

This paper introduces a stress test of the corporate credit portfolios of 24 large German banks by a two-stage approach: First, a macro-econometric model is used to forecast the impact of a substantial increase of the user cost of business capital for firms worldwide on three particularly...

Obgleich die Relevanz von ERP-Weiterbildungsmaßnahmen in der Literatur ausführlich dokumentiert ist, lassen sich für ihre Gestaltung nur unzureichend Empfehlungen aussprechen. Es fehlt an wissenschaftlichen Befunden, welche Einflussfaktoren die aufgabenbezogene Leistung in ERP-unterstützten...