Publications des institutions partenaires

S'abonner aux flux infonet economy   2741 - 2760 of 4200

Finanzwirtschaftliche Garantien bei Investmentfondsprodukten und ihre bilanzielle Abbildung gemäss IFRS

Die von Investmentgesellschaften durch den Verkauf von Produkten mit integrierter finanzwirtschaftlicher Garantie eingegangenen Verpflichtungen sollten im Sinne eines "true and fair view" bilanziell adäquat erfasst werden. Wir ermitteln anhand zweier aktueller Investmentprodukte den Fair Value der gegebenen finanzwirtschaftlichen Garantie und zeigen die bilanziellen...

Full Text

Deutsch / 01/10/2007

Does the Order and Timing of Active Labor Market Programs Matter?

This paper extends the traditional focus of active labor market policy evaluation from a static comparison of participation in a program versus nonparticipation (or participation in another program) to the evaluation of the effects of program sequences, i.e. multiple participation or timing of such programs. We use a dynamic evaluation framework that explicitly allows for dynamic...

Full Text

English / 24/09/2007

Management competencies in the biotech industry in Switzerland

Abstract

The aim of this analysis is to determine the major challenges in the Swiss biotech industry. After face-to-face interviews with executive management of 17 early stage biotech companies and several associated stakeholders in the therapeutic and product/service biotech sectors, we extracted quantitative and qualitative empirical data on a variety of management issues...

Full Text

Deutsch / 13/09/2007

Regression discontinuity design with covariates

In this paper, the regression discontinuity design (RDD) is generalized to account for differences in observed covariates X in a fully nonparametric way. It is shown that the treatment effect can be estimated at the rate for one-dimensional nonparametric regression irrespective of the dimension of X. It thus extends the analysis of Hahn, Todd and van der Klaauw (2001) and Porter (...

Full Text

English / 04/09/2007

A Note on the Relation of Weighting and Matching Estimators

This paper compares the inverse-probability-of-selection-weighting estimation principle with the matching principle and derives conditions for weighting and matching to identify the same and the true distribution, respectively. This comparison improves the understanding of the relation of these estimation principles and allows constructing new estimators.

Full Text

English / 01/09/2007

Insider Trading in the Swiss Stock Market

Many studies on insider trading are based on data of the U.S. market and conclude that insiders can earn abnormal profits. This paper examines for the Swiss stock market whether insiders can earn abnormal profits and whether outsiders can make abnormal profits by mimicking the transactions of insiders. We find significant abnormal returns for insider trading, as well as some evidence...

Full Text

Deutsch / 01/09/2007

Die strategische Perspektive der Industrialisierung

In der Vergangenheit hat die Versicherungsbranche
zur Verbesserung der technischen
Ergebnisse vornehmlich auf traditionelle
Konzepte und Effizienzsteigerungsmassnahmen
gesetzt. Angesichts der anstehenden
Herausforderungen scheint jedoch zukünftig
eine konsequente Anwendung industrieller
Methoden entlang der gesamten Wertschöpfungskette
...

Full Text

Deutsch / 01/09/2007

Does the Choice of Performance Measure Influence the Evaluation of Hedge Funds

The Sharpe ratio is adequate for evaluating investment funds when the returns of those funds are normally distributed and the investor intends to place all his risky assets into just one investment fund. Hedge fund returns differ significantly from a normal distribution. For this reason, other performance measures for hedge fund returns have been proposed in both the academic and...

Full Text

English / 01/09/2007

Who Should Pay for Postal Services? Tax Payers vs. Senders vs. Receivers

Mandating universal service requires the public to decide what services people should have and what prices they should pay. Postal services have traditionally been financed by charging the senders only, while recent steps in the liberalization of the postal sector forced policymakers to find a broader financial basis for postal services. The existence of a receiver externality, the...

Full Text

English / 27/08/2007

Familieneinfluss und Performance privat gehaltener Familienunternehmen

Die Bedeutung von Familienunternehmen in westlichen Volkswirtschaften erfährt eine zunehmende Anerkennung. Je nach Definition der Familienunternehmen finden sich Anteile von rund 80% aller Unternehmen, welche als Familienunternehmen bezeichnet werden können (Colli, 2003).
Eine der zentralen Fragen, welche Forscher in den letzten Jahren im Forschungsfeld Familienunternehmen...

Full Text

Deutsch / 13/08/2007

Pagine

Le portail de l'information économique suisse

© 2016 Infonet Economy