Die schnell voranschreitende Entwicklung der Informationstechnik erfaßt - nachdem sie innerhalb der Unternehmen zu erheblichen Veränderungen geführt hat - zusehends unternehmensübergreifende ökonomische Zusammenhänge. Die breite Verfügbarkeit offener Informationsnetze wird in großem...

Die Frage, welche Leistungen eine Unternehmung selbst erbringen und welche Leistungen sie von anderen Wirtschaftseinheiten beziehen soll, ist eine der klassischen Problemstellungen der Betriebswirtschaftslehre. Sie ist heute im Rahmen des Lean Management-Konzeptes insbesondere in der...

Mechanismen und Einsatz von Hedge Funds als Anlageinstrument werden seit längerem sowohl in der Theorei wie auch in der Praxis kontrovers diskutiert. Einerseits werden die Risiken von Hedge Funds als Argument gegen deren Einsatz aufgeführt und andererseits die statistischen Charakteristiken...

This paper analyzes the role of public and private responsibility in the provision of publicgoods. We emphasize that a typical public good will require many different inputs whichraises the possibility of partnerships to exploit comparative advantages of different parties.But hold-up problems...

This paper draws on the policy transfer literature to examine a UK-based initiative topromote supplier diversity and provides insights to three areas neglected in currentresearch. Namely: the dynamics of non-governmental policy transfer; the factors thatmediate policy transfer in different...

This article has its origins in research indicating the promise supplier diversityprogrammes hold in empowering ethnic minority enterprises to achieve breakout tomainstream markets and business growth. From a realist evaluation perspective itreports on the first phase of SDEM (Supplier...

The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through...

Bailing out banks requires overcoming debt overhang as well as dealing with adverseselection with respect to the quality of banks' balance sheets, in terms of heterogeneity inboth the likelihood and extent of their potential shortfalls, of future asset values vis-a-viscontractual debt...

The Small Business Service (SBS) commissioned York Consulting Limited(YCL) to carry out an early assessment of the Company Rescue Schemepilots.Concerns have been expressed that a large number of small firms capable ofbeing turned around are being wound up unnecessarily due to a lack...

How do resolution frameworks affect the private restructuring of distressed banks? We model a distressed bank's shareholders and creditors negotiating a restructuring given asymmetric information about asset quality and externalities onto the government. This yields negotiation delays used to...