Private equity funds and hedge funds are both alternative asset classes that are continuouslygrowing in importance. Although they have different focuses, they share some characteristics.First of all, both have or allegedly have a significant impact on the economy as well as thefinancial system...

In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculatedas price and performance indices and extend the number of investment strategy indices of Deutsche BörseGroup. The DAXplus Family is an all-share index whereas the DAXplus Family 30...

paper analyzes the impact of model complexity on the valuation of project financed investments along two dimensions: The NPV distribution and the expected default probability of the project. Model complexity is separated in forecast and simulation complexity. Thereby, we aim to identify elements...

Around the world (with the U.S. and U.K. as exceptions) concentrated ownershipstructures and controlling shareholders are predominant even among listed firms. We providenovel empirical evidence how such controlling shareholders, in particular founding families,affect payout policy decisions....

In dem hier vorgelegten Beitrag wurden die durch eine Nennwertumstellung verursachten Kursreaktionen untersucht. Auf der Grundlage theoretischer Überlegungen wurde zunächst angeregt, sich bei der Erklärung dieser Kursreaktionen auf ein Kursprozeß-Liquiditäts-Modell zu stützen....

Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders are predominant even among listed firms. We provide novel empirical evidence how such controlling shareholders, in particular founding families, affect payout policy decisions....

We analyze the risk, return and cash flow characteristics of infrastructure investments by using a unique dataset of deals done by private equity-like investment funds. We show that infrastructure deals have a performance that is higher than that of noninfrastructure deals, despite lower default...

Der Beitrag beschreibt die Entwicklung des Steuereinflusses in der objektivierten Unternehmensbewertung, also einem Aspekt, dessen Berücksichtigung in Deutschland maßgeblich auf das Engagement von Franz W. Wagner zurückgeht. In dem Jahrzehnt, seit das IDW der Forderung des Jubilars nach einer...

This study examines how family firm characteristics affect capital structure decisions. In our analysis we disentangle the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the founding family. Thereby, we use a unique panel...

Based on 1182 dyads of German new ventures and venture capitalists involved in a financing round between 2002 and 2007, we examine the impact of spatial proximity on the likelihood of an investment. We find that with each triplication of journey time the relative likelihood of an investment...