Given their sheer magnitude, the payments made by companies for the purchase of oil, gas and minerals from governments or state-owned enterprises are of significant public interest. However, only a few commodity trading companies regularly publicly disclose information in respect of their...

Dieses Buch führt in die Grundlagen und Praxis von Handelsklauseln ein. Am Beispiel der Incoterms® 2020 zeigt es, wie Unternehmen ihre Verträge im globalen Handel mit der Wahl geeigneter Handelsklauseln geschickt gestalten können. Unterschiedliche Gepflogenheiten und Missverständnisse...

The standard approach to recovering the cost of electricity provision is to bill customers monthly for past consumption. If unable to pay, customers face disconnection, the utility loses revenue, and the service provision model is undermined. A possible solution to this problem is prepaid...

The standard approach to recovering the cost of electricity provision is to bill customers monthly for past consumption. If unable to pay, customers face disconnection, the utility loses revenue, and the service provision model is undermined. A possible solution to this problem is prepaid...

This paper establishes that credit ratings affect the choice of payment method in mergers and acquisitions. We find that bidders holding a high rating level are more likely to use cash financing in a takeover. We attribute this finding to lower financial constraints and enhanced capability of...

When trading, firms choose between different payment contracts. As shown theoretically in Schmidt-Eisenlohr (forthcoming), this allows firms in international trade to optimally trade-off differences in financing costs and enforcement across countries. This paper provides evidence from a large...

Dieses Fachbuch hat das Ziel, exportorientierte Unternehmen mit einer strategisch geplanten Kalkulation auf mögliche Stolpersteine im Außenhandel vorzubereiten. Daher werden generelle, aber auch nicht leicht ersichtliche Kostengruppen beziehungsweise Einflussfaktoren genau dargestellt und...

The data analyses consumers' decision making processes in the telecommunications market. The dataset includes both autoethnographic videographies and experimental quantitative data. The data comprises an extended autoethnographic methodology with 22 participants. Participants recorded video...

The interaction between financial markets and the macroeconomy can be strongly affected by changes in credit market regulations. In order to take account of these effects the authors control explicitly for regime shifts in a system of debt equations for Norway using a common, flexible trend. The...

Acquirers paying with shares exhibit significantly lower announcement returns (Andrade et al. (2001)). Further, cash-rich firms tend to make value-decreasing acquisitions due to possible agency conflicts between managers and owners (Harford (1999)). I investigate the interaction effects of...

In this paper we look at the role of pre-payment (in the context of prepayment metering) for household electricity consumption. Using a matching approach, we find that households paying their electricity up-front tend to consume no less electricity than households paying ex post. This is despite...