and the United States, which
aim to reduce the problems of mismatches between the duration of their assets and liabilities.
It is generally perceived that these regulatory changes will favor the [...] policy, the business cycle and inflation expectations. Although the out-of-sample
performance of their model was good, they conclude that, "there are hints of some instabilities
in the last years" [...] Pradhan (2006) find that a conundrum no longer exists. They
state that "a drop of bond yields below their fair value such as the one seen last year did not
represent a break with past pattern and, as
participants of seminars
at the Deutsche Bundesbank and the Oesterreichische Nationalbank for their valuable comments. In
particular, we would like to thank S Arz for his contributions. The opinions [...] central banks in the euro area are connected to TARGET2. There are no constraints on the size of
their balances vis-à-vis the European Central Bank that emerge from the cross-border flow of interbank [...] is again an appropriate reference country as, during the time
when both Germany and France had their national currencies, there were no major differences
between the two with regard to domestic banknote
Evans, 2005, among others).
However, Beck & Wieland actually base their assumption on a couple of studies
supporting their view of relatively long-lasting misperceptions (see, e.g., Orphanides [...] highlight financial intermediaries' role in determining the price of risk. As these
expand their balance sheets, their risk-bearing capacity increases and risk premiums
fall. Thus, balance sheet quantities [...] various financial intermediaries and their respective balance sheet
quantities. First, the information provided by institutions that are marking-to-market
their balance sheet items is of superior
ESG score as a control variable in their analysis of cumulative
stock returns. Their results for Europe are consistent with ours reported in table C5. Since their study has a
different focus, they do [...] the portfolio with the highest Sharpe ratio for their preferred ESG score. In contrast,
unaware investors do not incorporate ESG information into their decision-making.
2. Gillan, Koch, and Starks (2021) [...] March
20, 2020, which was triggered by the pandemic. Their findings are in line with those
of Demers et al. (2021), who document in their US sample that, after controlling for
industry affiliation
companies have to expand their service
portfolio. In addition to that executives have to answer the question, whether existing services
generate profit and provide value to their customers. This paper deals [...] B.N.; Gemünden, H.G.; Aubry, M., 2012: The three roles of a project portfolio
management office: Their impact on portfolio management execution and success.
International Journal of Project Management
values in their business life. Usage of IT and
communication tools is integral part of their business and private life. However,
employees of Gen. Y need support to strengthen their awareness about
sectional innovation survey. Their results show that innovating firms (and innovative
sectors) have created more new jobs than non-innovating firms (less innovative sectors).
Their results suggest that [...] economic
measures is extensive. Researchers have been analyzing this task for a long time, and their
analyses differ mainly in the methodology and the data available. What we will concentrate
[...] between these two points in time. Brouwer et al.
(1993) are in this line of literature with their analysis of Netherlands data of 1984 and
1989. The authors show a negative effect of total R&D
instruments, do not have to care for their financial standing.
Therefore, they can undertake more risky investments and their customers, assured about insuring
their means, can be more passive. The [...] Compensation Directive 1997/9/EC – ICD.
This Directive obliges all member countries to establish on their territories at least one obligatory
system. Partial risk transfer means that the protection concerns [...] of the importance of the globalization process and consequently other
risks, should also model their investor protection systems.
2. Why should small investors be protected?
Keeping
regressions. However, their descriptive subsample comparison of quintile hedge portfolio
returns shows declines for size, value and momentum. A switch to decile portfolios changes their size results to an [...] of many well-known anomalies. In this article,
we extend their study in two important ways. First, we analyse the robustness of their time-series
evidence for the US market by using a more advanced [...] provide additional
evidence for this argument for nine anomalies in the UK stock market.
In their conclusion, Chordia et al. (2014, p. 57) argue that “return predictability would diminish
to a
November 2023.
Bofinger, P. (2023): Does the ECB subsidize banks by paying them interest on their
central bank deposits?, Handelsblatt, 3 February 2023.
Borio, C. (2023): Getting up from the
problems like the
sovereign debt crisis mainly due to their inability to enforce EU member countries to reduce
their budget deficits and to their failure to force EMU members to comply with the rules [...] the IMF elaborated the
economic adjustment programs for these economies and closely monitored their progress
through quarterly reviews based on economic missions.
The active role of the IMF [...] participate
in the rescue programs? Was it a sign of weakness of the European institutions to solve their
problems alone and/or did the Europeans want to use the outstanding expertise of the IMF in
mechanism with the task to
support euro area Member States by financing their loans in case they have problems to finance their
debt in the private financial markets.
Before installing the ESM the European [...] Financial Stability Facility (EFSF) were installed to help Ireland, Portugal and Greece to finance their
public debt.
The German State is part of the above mentioned financing mechanisms. The political
customers through a mix
of elements. As for customers, it may be important to reduce their
machine availability, to reduce their costs for parts, to operate
environmentally-sound with water, electric power [...] consider their benefits in a
qualitative way. They think about the impact of the service idea and
whether it enables to sell further products and/or services. Other
service ideas may impact their customer [...] questions like: Can
customers improve their efficiency and effectiveness? Can customers
produce faster through downtime reduction? Can customers improve
their supplier reliability? Can customers react
interest debt have
received much attention in the more recent financial literature in terms
of their present value or terminal value effects, cash flow effects on
annuity loans have been overlooked [...] followed the same line of argument.
page
7
borrowers found it difficult to make their monthly mortgage payments
once the period of low introductory interest rates had expired.
[...] estimating future, and thus in principle uncertain,
cash flows over a long period of time. Thus, their expected present
value becomes the central variable. In the case of an annuity-financed
house
networking in a variety of ways. The networked products force companies to rethink
their business models and industries - their strategy, relationships with customers and
suppliers, processes and structures [...] the digital solution space, and 4) developing the roadmap. The phases are explained
in terms of their objectives, activities and tools.
Keywords: Digital strategy, digitalization, innovation
B.N.; Gemünden, H.G.; Aubry, M., 2012: The three roles of a project portfolio
management office: Their impact on portfolio management execution and success. International
Journal of Project Management
rising fund
volumes SWFs began to diversify their assets.
As some SWFs started to disclose their investments one can draw a clearer picture of their
behaviour and strategy even if much remains [...] immediate call on their assets. Their
investments are normally unleveraged and they have an interest in pursuing portfolio
reallocations gradually to limit adverse price effects of their transactions [...] found in
table 1. Table 1 contains the size of the funds, their origin (commodity or non-commodity
based), as well as the year of their inception.6 The ten largest funds combined have a volume
meets the needs of the present without compromising the ability of future genera-
tions to meet their own needs."23
Daraus folgt, dass Nachhaltigkeit einerseits jenes Handeln ist, das die Bedürfnisse
Miller and Volker (1984) and Arabsheibani (1989) base their analysis on compar-
isons between the salaries of workers in occupations relevant to their educational qualification
to those with the same [...] However, over time and depending on how fast employers learn about the
true productivity of their employees, their importance (and hence the signalling value of education)
diminishes. The faster they learn [...] firms are quick in adjusting their expectations.
A slightly different approach is tested by Albrecht and van Ours (2006) who compare formal with
informal hiring methods. Their hypothesis is that firms
ts between the cyclical fluctuations of government expenditure and of real GDP
(deviations from their trends) since 1980 and for the sub-periods before 2000 and after 2000.
A positive correlation between [...] between 0.22 and – 0.221. When comparing the deviations of expenditure-GDP ratios and of
real GDP from their trends we find negative correlation coefficients for the whole period. By
contrast, when using real [...] global recession Table 4 shows the fluctuations of real public
expenditure and of real GDP around their trend before and after the global recession in 2009.
In 2009, government spending in Africa (and
patterns exist and their impact on individuals is
confirmed. Causes of abberrations of organisational steering mechanisms are
discussed. Future trends of organisations and their impact on pathological
TIPS-money
This means that commercial banks first have to transfer money from their TARGET-PM
accounts to their TIPS-DCA before they can use it for instant payments (see figure 8a). The
time [...] €32bn (End of 2021)
page
the ECB.3 Commercial banks, are free to produce book money at their will as long as it is
in line with general supervisory regulations.4 The issuance of private e-money [...] intermediaries are the owners of CBDC accounts and handle retail payments for
the central bank on their own accounts are obviously not being pursued any further.
Nonetheless, financial intermediaries
continuously deal with the topic and improve their
understanding of it when they first acquire it. Therefore, students will be able to ac-
complish their own learning rhythm. This process shall be supported
concepts, turbine designs and their selection (calculation of specific speed), control, main components of low-
and high-pressure plants, environmental impacts and their compensation.
Wind turbines [...] Professional competence: The students know the most important bioenergy sources, their specific properties, the effects of their
use and conversion technologies suitable for them. They can apply this knowledge [...] Note:
Please take special note of the Program and Examination Regulations of this degree program in their
current version.
• Study structure:
The programme comprises a standard period of study of
perform in a
culturally sensitive manner. Their intercultural competence is enhanced by sharpening their perception of themselves and others.
They have expanded their ability to change perspective and are [...] results from experiments and technical plant data.
• In small groups, they recognise and improve their own ability to work in a team.
• They can independently acquire new knowledge and transfer known