Der folgende Beitrag behandelt (freiwillige) Prüfungen als Investition. Er zeigt auf, welche positiven und negativen Wirkungen mit Prüfungen verbunden sein können und welche Schwierigkeiten besteben, diese Wirkungen zu prognostizieren und zu bewerten. Er kommt zu dem Ergebnis, daß die Anwendungsbedingungen für quantitative Entscheidungsmodelle im allgemeinen nicht erfüllbar sind. Statt Investitionsrecbnungsverfabren sollten deshalb Nutzwertanalysen verwandt werden, um die Entscheidung über die Durchführung einer konkreten Prüfung vorzubereiten. Diese sind der Problemstruktur von Prüfungen angemessener; aber auch sie können die Subjektivität der Entscheidung nicht aufheben, sondern nur explizit darlegen. Der Beitrag untersucht abschließend einige Faktoren, die das Verhalten von Entscheidungsträgem in solchen Entscheidungssituationen beeinflussen.

Inhalt: I. Problemstellung 1. Die Relevanz von Steuern für die Finanzierung 2. Zur Entscheidungsneutralität von Steuern und zur Messung der Steuerbelastung 3. Finanzierungsrelevante Steuern II. Steuerliche Einflüsse auf die Außenfinanzierung 1. Beteiligungs- bzw. Einlagen finanzierung versus langfristige Kreditfinanzierung 2. Kurzfristige versus langfristige Kreditfinanzierung 3. Gesellschafter-Fremdfinanzierung 4. Leasing (als Alternative zum fremdfinanzierten Kauf) III. Steuerliche Einflüsse auf die Innenfinanzierung 1. Stille Selbstfinanzierung 2. Offene Selbstfinanzierung 3. Rückstellungen, insbes. Pensionsrückstellungen IV. Finanzplanung und Steuern V. Empirische Relevanz von Steuern für Finanzierungsentscheidungen

In this thesis, we have analyzed the ex-dividend stock price behavior in the London Stock Exchange to see if the stock prices really drop by the same amount as the dividend on the ex-dividend day. Our sample data covers 80 FTSE100 companies of the London stock exchange for the period 2001 to 2006. To answer the research question: Do returns on the London Stock Exchange act in accordance with the efficient market hypothesis on the ex-dividend day? We used a deductive approach and test four hypothesis. The study was carried out by comparing the actual value of the raw price ratio, market adjusted price ratio, raw price drop and market adjusted price drop to their theoretical values. The difference was tested for significance using the one sample t-test. The results showed that there are significant differences in the observed figures from their theoretical or expected values. The observed raw price ratio is higher than the expected value of 1, implying that the stock price on the ex-dividend day drops by an amount that is lower than the dividend paid. Similarly, the market adjusted raw price ratio is also higher than the expected value of 1. The raw price drop and market adjusted price drop are lower than the dividend yield, indicating again that the stock price drops by an amount that is lower than the dividend paid. Our results indicated that the null hypotheses stated are rejected since the drop in the stock prices is not equal to the amount of the dividend on the ex-dividend day.

There is an increasing interest for business organizations to engage into the global inter-firm alliance nowadays. The companies are striving for accessing the opportunities created by emerging markets, diversification of the products’ offer or the access to lower cost inputs (Barnes, et al., 2010). However, along with the benefits, there are also risks that the inter-firm alliances are challenged with. Those risks are represented by various forms of opportunistic behavior, which might be further caused by business partners (Williamson, 1975). The companies that decide to engage into inter-firm alliance need to invest in the implementation of control mechanisms that will protect them against opportunistic behavior. The preventing exante mechanisms can be implemented prior to the official start of cooperation while the cause ex-post mechanisms are applied during further stage of the collaboration. However, due to the cost of these implementations, companies cannot afford employing every available control mechanism. They need to select only the ones that their benefits exceed their costs. One of the main factors that influence the selection process of control mechanisms is the level of knowledge sensitivity of a product. The main objective of this master thesis is to determine how the level of knowledge sensitivity of a product influences the selection of ex-ante control mechanisms.

This project examines recent fiction by ex-Mormon authors and highlights how these novels reinforce an American ideal of “good religion.” These texts reveal the boundaries of American religious freedom by illustrating examples of “bad religion” and providing favorable alternatives. The paper looks at scholarship on 19th century anti-Mormon literature, which provides a foundation for the more modern literature at hand. Through the recent narratives, authors point to an abstract concept of benign, acceptable religion, marking as harmful that which does not share these key characteristics. While these fictional sects appear differently in each work, they comment on similar themes, such as the threat of rigid authority structures and figures, community isolation and insulation, coercive proselytizing and manipulation, and an emphasis on escaping the sect. These themes highlight the existence of a particular brand of American “good religion,” which is antithetical to such groups illustrated in these texts.

Purpose: The aim of this Bachelor Thesis is to explore what makes an interactive viral marketing campaign effective in terms of Word-of-Mouth. Background: With the growth of Internet, a new force of marketing has developed where the consumer is more involved in the marketing process. This thesis studies the underlying emotions and motivations of consumer incentives to engage in positive Word-of-Mouth, regarding an interactive viral marketing campaign. Method: In order to fulfil the purpose of this study a case study is performed. An inductive approach is followed and qualitative research in the form of a netnography and interviews are used to collect the empirical material that is required in order to answer the given research questions. The netnography was performed on Facebook and ten respondents from the netnographical study were invited to participate in interviews. Conclusion: Based on the frame of reference, a strong relationship was expected between certain emotions and the willingness to share or discuss Tipp-ex’s campaign. However, the results indicate that other variables such as Comprehension and Personalisation might have a greater effect on Word-of-Mouth incentives. Regarding motivations, Message- involvement was found to be the motivation that triggers a consumer to engage in Word-of-Mouth.

En hermeneutisk studie som syftar till att i mötet med ex-kriminella skapa förståelse och kunskap kring vad som krävs, av dessa personer, för att skapa sig en livsstil som accepteras av samhället. Studien bygger på intervjuer med 10 män i åldrarna 20-41 år som levt ett liv utan kriminalitet i maximalt 10 år och är bosatta i Sverige. Studiens data analyseras i tre steg. Det första steget, preliminär tolkning, ger en överblick av materialet. I det andra steget, fördjupad tolkning, förklaras studiens förändringsmodell som bygger på respondenternas upplevelser. Slutligen presenteras materialets huvudtolkning där vi med hjälp av studiens teorier abstraherar tolkningarna. Analysen av materialet gav följande resultat: respondenterna behöver gå igenom en förändringsspiral för att byta från en kriminell livsstil till en livsstil som är mer accepterad av samhället. Först sker en händelse som leder till reflektion kring händelsen. Reflektionen leder till insikt, utifrån insikten sker ett val av faktorer. Valet påverkar självkänslan positivt eller negativt. En positiv självkänsla leder till en förändring i riktingen personen vill gå, medan en negativ självkänsla leder till en förändring bort från det tänkta målet. Förändringsprocessen består av flera varv i förändringsspiralen. Processen är olika lång för varje person och är kantrad av svårigheter.

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Abstract Taiwan's stock market have always been ex-dividend Performance , in essence, to participate in ex-dividend will not increase wealth, but investors are usually regarded as dividends paid by companies operating in the future of the expected. Ex-dividend will to come into notice of investor. We collection from 1999 to 2007, total of nine-year period. The ex-dividend day stock prices analysis in Taiwan 50 index stocks. We use market model of Event Study, and respectively studies by OLS¡BGARCH and SUR model, it's estimated that the abnormal return (AR), this paper to discuss ex-dividend performance of the Taiwan50 index stocks. We to join may cause abnormal return of variables to Panel data regression analysis model, the certification may cause abnormal return of factors.

In der Welt der Bücher sind sie selten geworden. Doch manchmal, wenn man in einem Antiquariat ein Buch aufschlägt, zieht das kleine Kunstwerk den Blick des Betrachters unwillkürlich auf sich. Nur einige Zentimeter groß, prangt es auf der Innenseite des Buchdeckels und gibt den Namen des Buchbesitzers preis: das Exlibris.