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Finanzierung betrieblicher Weiterbildung : Transaktionskosten und Opportunismus bei Investitionsentscheidungen in deutschen Kreditinstituten /Horst, Eitel. January 2004 (has links) (PDF)
Univ., Diss. u.d.T.: Horst, Eitel: Determinanten betrieblicher Weiterbildung--Göttingen, 2003.
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The Value and Risk Implications of Grid Expansion InvestmentsDockner, Engelbert J., Kucsera, Denes, Rammerstorfer, Margarethe 30 September 2010 (has links) (PDF)
In this article, we look at a model with (independent) system operator who faces stochastic but growing transmission demand and a penalty if frequency
is not balanced. In this set up, we derive an optimal grid expansion investment strategy and analyze its value and risk implications. It turns out that
the firm value is strictly concave in the level of transmission demand. Firm value, however, increases with optimal investment for any level of demand.
Moreover, firm risk is decreasing in the level of demand and higher when the firm has an investment option. The risk increase corresponds to the exercise of the call option and is stronger, the closer the firm approaches its exercise
trigger. (author's abstract) / Series: Working Papers / Research Institute for Regulatory Economics
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Excellence in financial advisory services /Jansen, Christian. January 2008 (has links)
Zugl.: Oestrich-Winkel, Europ. Business School, Diss.
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Can Tax Rate Increases Foster Investment under Entry and Exit Flexibility? - Insights from an Economic ExperimentFahr, René, Janssen, Elmar A., Sureth, Caren January 2014 (has links) (PDF)
It is well-known that taxes affect risky investment decisions. Analytical studies
indicate that tax rate increases (decreases) can foster (hinder) investment if there is flexibility, in
particular when an exit option is available. We design an experiment based on an analytical
model with binomial random walk and entry and exit flexibility. Contrasting the underlying
model, we find accelerated investment, which is often considered as an increased willingness to
invest, on tax rate increases to be independent of the existence of an exit option. However, we
observe this investor reaction only for a tax increase, not for a tax decrease. This behavior is
driven possibly by tax salience and the mechanisms known from the theory of irreversible choice
under uncertainty. Our empirical evidence suggests that the at-first-sight unexpected tax reform
effects are more common than is predicted by the theoretical literature. Policy makers should
therefore carefully consider the behavioral aspects when anticipating taxpayer reactions. (authors' abstract) / Series: WU International Taxation Research Paper Series
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