Physica jul 2000 (11 résultats)

Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer. Assuming as Miarka does that the results from a successful project are certain, this model is an equivalent to minimizing moni toring costs. In fact, this is the outcome of the model. The banks are known to monitor their loans. They thereby signal to the capital market that they have tested the project. Therefore, the buyer of bonds of the company on the capital market may rest assured that the project is financially sound. The buyers of bonds thus avoid monitoring costs and can grant better credit conditions than the banks. Pur chasers of bor. . ds are free riders on the monitoring of the banks. Miarka tests his model econometrically. The results are amazingly supportive of the model. 150 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -In the Kyoto Protocol to the UN Framework Convention on Climate Change, industrialized countries agreed on binding absolute targets for greenhouse gas emissions and on the admission of flexible market-economy instruments - such as emissions trading, joint implementation and the clean development mechanism - used for reaching the targets. The contributions in this volume reveal that flexible instruments can lower the costs of climate protection considerably - not only in theory, but also in practice. Concerning implementation, it will be necessary to take care of possible loopholes, uncertainties and transaction costs which may be too high if no proper design is chosen.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 140 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer. Assuming as Miarka does that the results from a successful project are certain, this model is an equivalent to minimizing moni toring costs. In fact, this is the outcome of the model. The banks are known to monitor their loans. They thereby signal to the capital market that they have tested the project. Therefore, the buyer of bonds of the company on the capital market may rest assured that the project is financially sound. The buyers of bonds thus avoid monitoring costs and can grant better credit conditions than the banks. Pur chasers of bor. . ds are free riders on the monitoring of the banks. Miarka tests his model econometrically. The results are amazingly supportive of the model.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 168 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -Maintaining the innovation capabilities of firms, employees and institutions is a key component for the generation of sustainable growth, employment, and high income in industrial societies. Gaining insights into the German innovation system and the institutional framework is as important to policy making as is data on the endowment of the German economy with factors fostering innovation and their recent development. Germany's Federal Ministry of Education and Research has repeatedly commissioned reports on the competitive strength of the German innovation system since the mid-eighties. The considerable attention that the public and the political, administrative and economic actors have paid to these reports in the past few years proves the strong interest in the assessment of and indicators for the dynamics behind innovation activities. The present study closely follows the pattern of those carried out before. It has been extended, however, to include an extensive discussion on indicators for technological performance and an outline of the key features of the German innovation system.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 204 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Maintaining the innovation capabilities of firms, employees and institutions is a key component for the generation of sustainable growth, employment, and high income in industrial societies. Gaining insights into the German innovation system and the institutional framework is as important to policy making as is data on the endowment of the German economy with factors fostering innovation and their recent development. Germany's Federal Ministry of Education and Research has repeatedly commissioned reports on the competitive strength of the German innovation system since the mid-eighties. The considerable attention that the public and the political, administrative and economic actors have paid to these reports in the past few years proves the strong interest in the assessment of and indicators for the dynamics behind innovation activities. The present study closely follows the pattern of those carried out before. It has been extended, however, to include an extensive discussion on indicators for technological performance and an outline of the key features of the German innovation system. 191 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Innovation-oriented environmental regulation is extremely attractive for policy planners and decision makers, since it is expected that innovations can cut costs of environmental measures and overcome existing trade-offs between economic and ecological goals. The central question is, however, how such a regulatory regime of environmental policy approaches should look like. This book provides an excellent overview of the state of research by presenting and discussing theoretical approaches towards a framework of environmental regulation and innovation, international case studies as well as econometric and modelling studies from Europe and the USA. 347 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -Innovation-oriented environmental regulation is extremely attractive for policy planners and decision makers, since it is expected that innovations can cut costs of environmental measures and overcome existing trade-offs between economic and ecological goals. The central question is, however, how such a regulatory regime of environmental policy approaches should look like. This book provides an excellent overview of the state of research by presenting and discussing theoretical approaches towards a framework of environmental regulation and innovation, international case studies as well as econometric and modelling studies from Europe and the USA.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 356 pp. Englisch.…

Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Das Franchising erfreut sich steigender Beliebtheit in der Wirtschaftspraxis. Es findet sich mittlerweile in nahezu allen Bereichen des Handels. Das Buch beschäftigt sich mit der Vertragsgestaltung im Franchising vor dem methodischen Hintergrund der Prinzipal-Agenten-Theorie. Da Franchiseverträge den Vertragsparteien Handlungsspielräume einräumen, entstehen jene Risiken, die in der Anreizökonomik unter dem Stichwort Moral Hazard diskutiert werden. Die Arbeit untersucht, wie diese Risiken durch eine zweckmäßige Vertragsgestaltung begrenzt werden können. Dabei wird auf den realistischen Fall abgestellt, daß Anreizwirkungen des Vertrags sowohl beim Franchisegeber als auch beim Franchisenehmer zu beachten sind. 235 pp. Deutsch.…

Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Existenzgründung, Unternehmensgründung, Entrepreneurship - die aus diesem Themenspektrum erwachsenden Fragen werden für Theorie und Praxis immer bedeutsamer. Namhafte Experten aus Wissenschaft und Praxis beleuchten in diesem Buch das Phänomen Existenzgründung aus unterschiedlichen Blickwinkeln. Das Themenspektrum umfasst volks- und betriebswirtschaftliche, juristische und hochschuldidaktische Aspekte. Existenzgründung - Rahmenbedingungen und Strategien bietet einen umfassenden Überblick und präsentiert neueste Forschungsergebnisse auf diesem Gebiet. Das vorliegende Buch richtet sich an (potentielle) Unternehmensgründer ebenso wie an Vertreter der Wirtschaftspraxis und Wissenschaft, Juristen und Unternehmensberater, Venture Capitalists und Business Angels - und alle, die an dem faszinierenden Thema 'Existenzgründung' interessiert sind. 223 pp. Deutsch.…

Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -Das Franchising erfreut sich steigender Beliebtheit in der Wirtschaftspraxis. Es findet sich mittlerweile in nahezu allen Bereichen des Handels. Das Buch beschäftigt sich mit der Vertragsgestaltung im Franchising vor dem methodischen Hintergrund der Prinzipal-Agenten-Theorie. Da Franchiseverträge den Vertragsparteien Handlungsspielräume einräumen, entstehen jene Risiken, die in der Anreizökonomik unter dem Stichwort Moral Hazard diskutiert werden. Die Arbeit untersucht, wie diese Risiken durch eine zweckmäßige Vertragsgestaltung begrenzt werden können. Dabei wird auf den realistischen Fall abgestellt, daß Anreizwirkungen des Vertrags sowohl beim Franchisegeber als auch beim Franchisenehmer zu beachten sind.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 252 pp. Deutsch.…

Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -Existenzgründung, Unternehmensgründung, Entrepreneurship - die aus diesem Themenspektrum erwachsenden Fragen werden für Theorie und Praxis immer bedeutsamer. Namhafte Experten aus Wissenschaft und Praxis beleuchten in diesem Buch das Phänomen Existenzgründung aus unterschiedlichen Blickwinkeln. Das Themenspektrum umfasst volks- und betriebswirtschaftliche, juristische und hochschuldidaktische Aspekte. Existenzgründung - Rahmenbedingungen und Strategien bietet einen umfassenden Überblick und präsentiert neueste Forschungsergebnisse auf diesem Gebiet. Das vorliegende Buch richtet sich an (potentielle) Unternehmensgründer ebenso wie an Vertreter der Wirtschaftspraxis und Wissenschaft, Juristen und Unternehmensberater, Venture Capitalists und Business Angels - und alle, die an dem faszinierenden Thema 'Existenzgründung' interessiert sind.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 240 pp. Deutsch.…