infonet-economy

Das Management von Risiken bedingt eine umfassende Auseinandersetzung mit statistischen Wahrscheinlichkeiten, Erfahrungswerten und möglichen Auswirkungen. Insofern ist das Potenzial von Big Data für die Versicherungswirtschaft kaum hoch genug einzuschätzen. Dem steht die gesellschaftliche Dimension entgegen: Führt die fortschreitende Individualisierung der Risikobetrachtung nicht zu...

Philip Roth is one of the most popular American novelists in German-speaking countries. His novels often reached the top ten of German bestseller listings. In 2009, he received a literary award from the WELT, a German newspaper, and German-speaking journalists ritually lament that he has not yet been awarded the Nobel Prize. I suggest that German, Austrian, and Swiss media not only...

This paper analyzes the reaction of the S&P 500 returns to changes in implied volatility given by the VIX index, using a daily data sample from 1990 to 2012. We found that in normal regimes increases (declines) in the expected market volatility result in lower (higher) subsequent stock market returns. Thus, investors enter into selling positions upon a perception of increased...

Co-marketing alliances are a sustainable source of competitive advantage, though alliances still pose significant management challenges. Little is known about which capabilities allow firms to manage ongoing co-marketing alliances. Drawing on in-depth interviews with marketing alliance managers, the authors differentiate three dimensions of co-marketing capability and develop a multi...

The nonparametric identification of the local average treatment effect (LATE) hinges on the satisfaction of three instrumental variable assumptions: (1) unconfounded assignment of the instrument, (2) no average direct effect of the instrument on the outcome within compliance types (exclusion restriction), and (3) weak monotonicity of the treatment in the instrument. While (1) often...

We integrate insights from family business and organizational ecology into the entrepreneurship field by constructing a theoretical framework that explains how the regional context impacts family and non-family start-ups in differing ways. Regional count data models based on a rich longitudinal dataset reveal that while economic factors such as population size and growth in regions...

Roboter haben sich in den letzten Jahren von einer kühnen Zukunftsvision hin zu einem festen Bestandteil unseres Alltags entwickelt. So werden sie bereits als Produktionsassistenten in der Industrie, als Staubsauger im Haushalt sowie als Drohnen im militärischen Bereich eingesetzt. Experten vergleichen die revolutionäre Wirkung von Robotern auf unsere Lebenswelt mit derjenigen von...