infonet-economy

This article provides a discursive perspective on the dilemmas of sameness and difference feminisms and their consequences for change projects. It explores how equal opportunity officers dealing with gender issues and introducing equality legislation in practice construct the meaning of equal opportunities. The analysis of the interpretative repertoires and ideological dilemmas drawn...

We introduce non-homothetic preferences into an innovation-based growth model and study how income and wealth inequality affect economic growth. We identify a (positive) price effect -- where increasing inequality allows innovators to charge higher prices and (negative) market-size effects -- with higher inequality implying smaller markets for new goods and/or a slower transition of...

The purpose of this contribution is to give an overview of the origins and further developments of Organizational Cybernetics, its transdisciplinary nature and its links to different areas of science, i.e., both natural sciences and the humanities.

[http://www.jams.or.jp/scm/contents/e-2006-8/2006-78.pdf]...

Der Markt der strukturierten Produkte für Privatanleger hat eine eindrückliche Ent-wicklung hinter sich und zeichnet sich heute durch eine grosse Vielfalt an Angeboten aus. Während sich die Produkte bezüglich ihrer Auszahlungsstruktur meist anhand der Term Sheets gut nachvollziehen lassen, sind sie bezüglich ihrer Kosten für die Anleger oft intransparent. Hier sind die Emittenten...

The present text examines how the organizational input variable "family" and the financial output variable "return" are interrelated. This question is crucial since there are serious doubts brought forward by Schulze et al. (2003) whether family firms really exhibit the ideal precondition of low agency costs as hypothesized by Fama and Jensen (1983a and 1983b)....

We analyse time-varying risk premia and the implications for portfolio choice. Using Markov Chain Monte Carlo (MCMC) methods, we estimate a multivariate regime-switching model for the Carhart (1997) four factor model. We find two clearly separable Regimes with different mean returns, volatilities and correlations. In the High-Variance Regime, only value stocks deliver a good...