Mit dem diesjährigen Nobelpreis für Wirtschaftswissenschaften wurden zwei Vertreter geehrt, die im Rahmen von zahllosen Serien von Individual- und Marktexperimenten Erkenntnisse der psychologischen Forschung in die Wirtschaftswissenschaften einbrachten. Welche Folgen hatte ihre Forschung für...

The real estate finance industry has experienced significant consolidation since the early 1990s and continues to change rapidly through mergers and acquisitions. But are these transactions creating value for the respective shareholders as they should? Interestingly, despite ongoing...

The brewing industry has recently experienced increased merger activity. This paper analyzes the shortterm wealth effects of horizontal mergers and acquisitions on acquirers in the brewing industry. Based on a sample of 69 takeover announcements between 1998 and 2010, significant positive...

Since the late 1990s, the construction industry has undergone a change in business model, as contractors vertically expand their operations to other parts of the real estate life cycle. The question arises on whether construction companies have superior abilities as real estate service...

We identify 72 bank Mergers and Acquisitions (M&As), in which US banks acquired other financial institutions. We focus on the role of timing at M&A in the context of boom phase and financial crisis. Applying event study methodology, we examine: value generation to bank shareholders; value...

Some studies indicate that there is only little difference between business and personal risks among small businesses. Personal assets and wealth can become subject to business risks depending on the organisational and legal structure chosen for the business. By the choice of the organisational...

The real estate banking industry in Germany has undergone severe changes due to changes in the legal framework, consolidation processes and economic crisis. As one of the results, German banks begin to sell their portfolios of non performing real estate loans. The six relevant transactions in...