Asymmetrische Informationen, Moral-Hazard und Adverse Selektion führen oft zum Scheitern bzw. zur Ineffizienz von Unternehmensakquisitionen. Mit Joint-Ventures und Earnouts (Akquisitionen mit vertraglich fixierten bedingten Kaufpreiszahlungen) existieren zwei zu gewöhnlichen Akquisitionen...

In the course of requests for more dynamic models that illustrate foreign direct investment decisions, the subsequent model offers a contribution to the theoretical modelling of this issue. However, conclusions about the timing are only possible to a limited extent, since options rights are of a...

The application of theorectical option pricing evaluation procedures for the analysis of real investment decisions indicates a new trend in the classical theory of investment and finance. In this regard, the formative term of the real option approach subsumes three basic attributes of investment...

Up to date any kind of hedge fund was legally forbidden in Germany. Likewise, the public distribution of shares in foreign hedge funds was prohibited within the framework of the so called 'Auslandsinvestitionsgesetz' (AuslInvestmG). In March 2004, it was 'DWS Investment' (the investment company...

Summary The inherent technical capability of a domestic economy has a significant effect upon trade. In addition, the innovation achievement potential of foreign countries and their companies may also enhance a given situation. International trade and foreign direct investment (FDI) provide...

Gerade in Zeiten der globalen Finanzkrise eignen sich Earn-out-Vereinbarungen in besonderem Maße, um den gesteigerten Informationsasymmetrien im Rahmen einer Unternehmensübernahme begegnen zu können. Doch wie stark profitieren die Käufer vom Einsatz eines solchen Instrumentes und was...