Die Weltwirtschaftskrise des Jahres 1929 beendete ein „goldenes Zeitalter“. Sie veränderte nachhaltig die internationale Völkergemeinschaft, unter anderem in Bezug auf den Welthandel, die Finanzströme und die Arbeitslosigkeit. Die Auswirkungen unserer heutigen Krise scheinen vergleichbar,...

"Voluntary programs have become widespread tools for governments and non-governmental actors looking to shape industry behavior. Voluntary programs can be conceptualized as club goods that provide non-rival but potentially excludable benefits to members. For firms, the value of joining an...

"Financial mechanisms to secure rational use of Common Pool Resources (CPRs) are rarely addressed. While implementation plans and Governance structures remain difficult issues, funds and incentives may be needed to achieve measures agreed upon in international conventions. "Resources and...

The influence of carbon markets on the current structure of the Australian forest industries is mostly evident in the emergence of 24 new entrepreneurial firms that are primarily engaged in the business of afforestation-based offsets. Whilst these firms currently account for only a small amount...

ABSTRACT: Termination is a wholesale between interconnected networks. The two countries have no alternative call termination. It may only be granted by the network that is connected to the called party. Each network is a separate market and each operator has a monopoly in its network. The price...

The extremely high A- share underpricing in China's primary market provides us with a very interesting area of empirical research. Previous studies on China's IPO underpricing have been suggestive, but in-conclusive. We investigate the A- share underpricing by employing the most recent data...