We examine how monitoring reduces incentives of companies to bias reported internal rates of return in CDM projects. These estimates serve as a criterion for admission into a United Nations program that grants tradable carbon emissions permits for carbon-reducing projects in developing...

The Clean Development Mechanism (CDM) is a flexible carbon market mechanism managed by the United Nations. The program grants tradable carbon emissions credits (Certified Emission Reductions) for carbon-reducing projects in developing countries. A project can only be admitted to program if it is...

In den letzten Jahren wurde die Dezentralisierung von Organisationen in der Literatur lebhaft diskutiert. Die bisherigen Konzepte vernachlässigen jedoch die kostenrechnerische Begleitung und den auf die Dezentralisierung abgestimmten Einsatz von Anreizmechanismen und Planungsmethoden. Vor...

This article considers the price history of CO2 allowances in the EU Emission Trading Scheme. Since European Emissions Trading started in 2005, the prices of allowances have varied between less than one and thirty Euro per ton of CO2. This previously unpredicted volatility and, more notably, a...

Purpose – The purpose of this paper is to investigate the strategy used by German Mittelstand companies to achieve a profitable business in China. It explores how those firms seek to reduce their risk of entry into this market. Design/methodology/approach – Survey data were gathered over the...