As from time to time taxation systems are changing deeply, the following two questions arise continually for an entrepreneur: what is the optimal combination of legal form and profit appropriation for his company and what is the optimal splitting of his assets between his private and business...

In practice, it is observable that firms tend to smooth periodical earnings because periodical earnings are considered by capital markets as a proxy for firms' success, and therefore, are often operationalized by the respective compensation plans for managers. Considering financial hedging...

The paper discusses optimal choices of legal form and of profit distribution under German tax law. We find that in general, partnerships yield higher after-tax profits than corporations. Moverover, profits should be fully distributed rather than retained.

Social networks are currently gaining increasing impact in the light of the ongoing growth of web-based services like facebook.com. One major challenge for the economically successful implementation of selected management activities such as viral marketing is the identification of key persons...

Social networks are currently gaining increasing impact especially in the light of theongoing growth of web-based services like facebook.com. A central challenge for the socialnetwork analysis is the identification of key persons within a social network. In this context,the article aims at...

Striving for efficient asset allocation investors usually have limited risk bearingability. This results in an upper limit for their portfolio volatility that must not be exceeded.Ensuring compliance with this risk limit at any point in time is essentially complicated bytwo factors: First,...

Service-orientierte Architekturen haben in den letzten Jahren invielen Branchen enorm an Bedeutung gewonnen. Unternehmenversprechen sich davon u. a. eine höhere Agilität der IT unddaraus resultierend eine einfache und kostengünstige Integrationneuer Funktionalitäten. Damit diese Vorteile...

Vor dem Hintergrund eines sich beständig ändernden Steuersystems stellt sich für einenUnternehmer kontinuierlich die Frage sowohl nach der optimalen Rechtsform und Gewinnverwendungfür sein Unternehmen als auch nach der optimalen Aufteilung seines Vermögenszwischen Privat- und...

The current financial crisis forces companies to allocate IT budgets more effectively and thusincreases the demand for suitable methods to evaluate the financial impact of IT investments. Thisespecially applies to service-orientation, a design paradigm which facilitates the standardisationand...