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How to use demand systems to evaluate risky projects, with an application to automobile production

Friberg, Richard; Huse, Cristian - Volkswirtschaftliche Fakultät, … - 2012

production, i.e. operational hedging. We find that for plausible costs of building a plant, production in the US is attractive …

Persistent link: https://www.econbiz.de/10011257904

Rationales for Corporate Risk Management - A Critical Literature Review

Monda, Barbara; Giorgino, Marco; Modolin, Ileana - Volkswirtschaftliche Fakultät, … - 2013

This paper describes theoretical motivations for corporate risk management activities and empirical evidence provided by different scholars on such rationales. These theoretical considerations can be extended also to the new risk management practices such as enterprise risk management. Based on...

Persistent link: https://www.econbiz.de/10011258277

A Radical Shift in Managing Risks: Practical Applications of Complexity Theory

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1998

Complexity theory is designed to bring order out of a rough-and- tumble world, something close to every insurance professional's or actuary's heart. Whether applied in the laboratory or as part of a mathematical model, it can do wonderful things . But in the real world it's just what its name...

Persistent link: https://www.econbiz.de/10005789667

Risk Management Theory: A comprehensive empirical assessment

Klimczak, Karol Marek - Volkswirtschaftliche Fakultät, … - 2007

The aim of this paper is to develop a methodology for thorough empirical testing of major contemporary corporate risk management theories: financial theory, agency theory, stakeholder theory and new institutional economics. Unlike in previous research, the tests are organised around theories,...

Persistent link: https://www.econbiz.de/10005836311

Rationales for corporate risk management from stakeholders’ perspective

Klimczak, Karol Marek - Volkswirtschaftliche Fakultät, … - 2005

stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then … determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be … the only significant factor for a hedging decision. The implications of these findings and new research questions are …

Persistent link: https://www.econbiz.de/10005837109

Airline Pricing Behaviour under Limited Intermodal Competition

Bergantino, Angela Stefania; Capozza, Claudia - Volkswirtschaftliche Fakultät, … - 2013

This paper empirically analyses airline pricing for short-haul flights in contexts with no credible threat of inter …

Persistent link: https://www.econbiz.de/10011108778

Dynamic Pricing, Advance Sales, and Aggregate Demand Learning in Airlines

Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2011

This paper uses a unique U.S. airlines panel data set to empirically study the dynamic pricing of inventories with uncertain demand over a finite horizon. I estimate a dynamic pricing equation and a dynamic demand equation that jointly characterize the adjustment process between prices and sales...

Persistent link: https://www.econbiz.de/10011110774

Mergers and Product Quality: Evidence from the Airline Industry

Chen, Yongmin; Gayle, Philip - Volkswirtschaftliche Fakultät, … - 2013

mergers affect product quality largely unanswered. This paper empirically investigates this issue for two recent airline …

Persistent link: https://www.econbiz.de/10011110870

The Choice of Airport, Airline, and Departure Date and Time: Estimating the Demand for Flights

Escobari, Diego; Mellado, Cristhian - Volkswirtschaftliche Fakultät, … - 2013

This paper estimates the demand for flights in an international air travel market using a unique dataset with detailed information not only on flight choices but also on contemporaneous prices and characteristics of all the alternative non-booked flights. The estimation strategy employs a simple...

Persistent link: https://www.econbiz.de/10011111094

Airport Benchmarking and Spatial Competition: a Critical Review

Pavlyuk, Dmitry - Volkswirtschaftliche Fakultät, … - 2012

During the last two decades the European airport industry is liberalised and turned to competitive market environment. This fact attracts an increasing scientific and practical interest to analysis of airport efficiency and its determinants, as well as different aspects of airport competition....

Persistent link: https://www.econbiz.de/10011257832