Цель статьи заключается в исследовании экономической сущности основных средств. Анализируя, систематизируя и обобщая научные труды ряда ученых, были...

The goal of the article lies in the study of the economic essence of fixed assets. Analysing, systemising and generalising scientific works of a number of scientists, the article considers theoretical and methodical approaches with respect to the general economic and applied interpretation of...

In this paper, I first show that liquid assets make risk-averse agents better off by eliminating multiple equilibria and thus eliminating speculation based on nonfundamentals. I then show that illiquid assets make risk-averse agents worse off by enlarging the set of economies (or agent...

Regulators dedicate much attention to the option that financial institutions in distress have to transfer losses to their creditors. It is generally recognized that the existence of this option provides intermediaries with a powerful incentive to keep firm capital close to the minimal...

Obwohl in Deutschland derzeit Rekordzahlungen an Steuern und Sozialabgaben geleistet werden, wird über die Einführung einer weiteren Steuer - der Vermögensteuer - diskutiert. Diese soll einen Durchbruch hinsichtlich "sozialer Gerechtigkeit" mit sich bringen und beträchtliche...

This paper studies the relationship between asset growth and idiosyncratic stock return volatility. Empirically, in the cross-section, firms' idiosyncratic return volatility has a V-shaped relationship with their asset growth rate. In the time series, dispersion across firms in asset growth...