Private equity funds and hedge funds are both alternative asset classes that are continuously growing 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 the financial...

We address the question of whether hedge fund and private equity investments in public firms are motivated by corporate governance improvements. As opposed to traditional financial investors both HF and PE are likely to have the incentives to alleviate agency conflicts. However, against the...

Die deutsche Wirtschaft befindet sich derzeit mitten in einem konjunkturellen Aufschwung, der aber - wie das MEMORANDUM 2007 zeigt - keinesfalls als Beginn einer längeren Wachstumsphase interpretiert werden darf. Die jüngste Belebung ist ein ganz normales konjunkturelles Phänomen und wenn der...