A wildly discussed shortcoming of panel surveys is a potential bias arising from selective attrition. Based on data of the German Socio-Economic Panel Study (SOEP), the authors analyze potential artifacts (level, structure, income inequality) by comparing results for two independently drawn...

Market microstructure noise is a challenge to high-frequency based estimation of the integrated variance, because the noise accumulates with the sampling frequency. In this paper, we analyze the impact of microstructure noise on the realized range-based variance and propose a bias-correction to...

Universities are now responsible for economic and social development. This new mission is transforming the traditional university into an entrepreneurial university. This entrepreneurial activity has mainly been carried out by transferring technology to industry, in particular, by patenting. The...

Accounting firms have steadily increased the use of outsourcing and offshoring of professional services including independent audit procedures. While firms suggest the work is of higher quality and similar litigation risk, questions remain as to whether public perceptions may be more negative....