Purpose: Decentralized, blockchain-based equity crowdfunding has potential to close the equity-funding gap faced by startups. The present paper investigates the driving forces of equity crowdfunding and the impact of the blockchain.Design: In a two-round, expert-based Delphi survey, ten...

Appropriate risk management is crucial to ensure the competitiveness of financial institutions and the stability of the economy. One widely used financial risk measure is Value-at-Risk (VaR). VaR estimates based on linear and parametric models can lead to biased results or even underestimation...

There has been intensive research regarding artificial intelligence (AI) models for predicting bankruptcy in recent years. In this study, a data-driven case-based reasoning (CBR) method is proposed for bankruptcy prediction, testing its performance with financial data from German companies. A...

Marketing messages are most effective if they reach the right customers. Deciding which customers to contact is thus an important task in campaign planning. The paper focuses on empirical targeting models. We argue that common practices to develop such models do not account sufficiently for...

Many Southeast European countries are currently undergoing a process of liberalization of electric power markets. The paper analyses day-ahead price dynamics on some of these new markets and in Germany as a benchmark of a completely decentralized Western European market. To that end, several...