Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...

Eine Vielzahl von Ökonomen untersucht mit Hilfe verschiedener theoretischer Modelle, inwiefern Steuern Einfluss auf wirtschaftliche Entscheidungen haben. Eine grundlegende Annahme in diesen Modellen ist dabei die Abwesenheit von Fehlwahrnehmungen. Ziel dieser Arbeit ist es, systematische...

This study evaluates the risk-adjusted performance of American Depositary Receipts (ADRs) on shares of stock of Chinese and Indian firms. The first part of the study examines the nature of Chinese and Indian ADRs (based on depositary bank, sponsorship status, industry classification and...

In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather...

Las decisiones de inversión son generalmente irreversibles y podrían verse afectadas por problemas de cautividad y oportunismo. Un marco de inversión estable necesita, por tanto, de instituciones de ejecución sólidas. Este documento analiza datos a nivel de empresa para estudiar el impacto...

Artículo de revista ; One of the main determinants of the level of dynamism of business investment is the efficacy of the legal system, as an essential element of the institutional framework of an economy. This article sets out an empirical approach to the impact of the efficacy of justice on...

Corporate finance participates in economic development of Romania. There are theories and approaches which shape investment decisions and finance decisions. During the euro crisis these theories and approaches failed to emulate reasonable use of such decisions. Romania has remained robust during...

Corporate finance participates in economic development of Romania. There are theories and approaches which shape investment decisions and finance decisions. During the euro crisis these theories and approaches failed to emulate reasonable use of such decisions. Romania has remained robust during...

Deutsche Universit?ten stehen heute genauso wie Unternehmen vor der Frage, wen sie zum Studium zulassen bzw. als Mitarbeiter ausw?hlen. Die Kriterien, die f?r diese Auswahlentscheidungen herangezogen werden, gleichen sich zwischen Universit?ten und Unternehmen zunehmend an. Meist ber?cksichtigen...