 Hans Degryse, Kim Moshe, Steven Ongena, Microeconometrics of Banking : Methods, Applications, and Results, Oxford University Press, New York, 2009. (Book/Research Monograph)
This book provides a compendium to the empirical work investigating the hypotheses generated by recent banking theory. Since the publication of the The Microeconomics of Banking by Xavier Freixas and Jean Charles Rochet, work in empirical banking has further blossomed, not only in sheer volume but also in the variety of questions being tackled, datasets becoming available, and methodologies being introduced. This book follows the structure in Freixas and Rochet’s book and arranges the relevant methodologies, applications, and results according to each of their original chapters in order to have a coherent synthesis between available theory and supporting empirics. Each chapter contains a modest introduction (where possible and appropriate), a concise methodology section with one or more relevant methodologies, and several illustrative applications. In a “muscular” results section the authors summarize the main robust and seminal findings in the literature that are in the text, and provide the details of many other studies in figures and tables. |
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Reto Eberle, Der Wirtschaftsprüfer im Spannungsfeld zwischen Prüfung und Beratung – wie wird die Prüfungsqualität durch das Erbringen von Beratungsdienstleistungen beeinflusst?, In: Rechnungslegung und Revision in der Schweiz : Erkenntnisse aus Theorie und Praxis, Universität Zürich, Zürich, p. 195 - 222, 2009. (Book Chapter)
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Philippe Rohner, Asset pricing implications of delegated portfolio management and benchmarking, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Dissertation)
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Adrian Baumgartner, Struktur des Finanzplatzes Pfäffikon/SZ, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Bachelor's Thesis)
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Brian Mattmann, Die Entwicklung der Eigenkapitalquoten bei Banken, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Bachelor's Thesis)
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Michael Scharz, Portfolio-Optimierungsmodelle mit Hedge Funds, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Bachelor's Thesis)
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Marian Kupferschmidt, Real Options Analysis als Bewertungsmethode für Investitionen im Energiesektor, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Bachelor's Thesis)
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Alexander Humm, Untersuchung des Erfolgs von Restrukturierungsmassnahmen anhand amerikanischer Fluggesellschaften, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Bachelor's Thesis)
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Claudio DAmico, IPO Underpricing and Information Asymmetry in Switzerland, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2009. (Bachelor's Thesis)
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Andreas Scherer, Introduction: Globalization as a challenge for business responsibilities, Business Ethics Quarterly, Vol. 19 (3), 2009. (Journal Article)
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Hui Chen, Mike Shor, Decentralization, transfer pricing and tacit collusion, Contemporary Accounting Research, Vol. 26 (2), 2009. (Journal Article)
Research in accounting traditionally regards transfer pricing as an intra-firm transaction problem. Within the context of a simple Cournot model, we demonstrate that firms can use transfer prices strategically as a collusive device. While firms are individually better off from a centralized organizational form with each internal division transferring intermediate goods at marginal cost, all firms benefit from a collusive agreement to organize along profit centers, transferring goods above marginal cost. This collusion yields roughly twice the competitive profits and is sustainable even when collusion on quantities is not. This practice may also escape legal scrutiny, even though the same cost shifting between regulated monopolists and their corporate affiliates is regarded as a major concern for regulators and researchers. |
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M. D'Errico, R. Grassi, S. Stefani, A. Torriero, Shareholding Networks and Centrality: An Application to the Italian Financial Market, In: Networks, Topology and Dynamics, Springer Berlin Heidelberg, Berlin, Heidelberg, p. 215 - 228, 2009. (Book Chapter)
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Bruno Staffelbach, Der Mensch als Ferrari: Die Zeitwelten im Management, express (4), 2009. (Journal Article)
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Marius Gerber, Anette Wittekind, Gudela Grote, Bruno Staffelbach, Exploring types of career orientation: a latent class analysis approach, Journal of Vocational Behavior, Vol. 75 (3), 2009. (Journal Article)
Career literature has been discussing the decline of the traditional career. Despite this debate, systematic information on the prevalence of contemporary career types is lacking. Two studies with large samples of employees aimed to determine types of career orientation, to explore their prevalence, and to validate these types by testing hypotheses relating each of the career orientations to work attitudes and sociodemographical variables. In study 1 (N = 835), we identified four types of career orientation – traditional/promotion, traditional/loyalty, independent, disengaged – applying exploratory latent class analysis. These were confirmed in study 2 (N = 737) with confirmatory latent class analysis. The variables associated with the career orientation types mostly followed the predicted pattern. Almost two thirds reported a traditional career orientation, while one fifth each expressed an independent and a disengaged orientation. This finding shows that people’s career orientation does not reflect the changes that many authors argue have been occurring. |
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Bruno Staffelbach, Gudela Grote, M Gerber, Cécile Tschopp, Anja Feierabend, Der Schweizer Human Relations Barometer, In: Human Resource Management Jahrbuch 2009, WEKA, Zürich, p. 31 - 66, 2009. (Book Chapter)
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Philippe ARTZNER, Freddy DELBAEN, Pablo Koch Medina, Risk measures and efficient use of capital, ASTIN Bulletin, Vol. 39 (1), 2009. (Journal Article)
This paper is concerned with clarifying the link between risk measurement and capital efficiency. For this purpose we introduce risk measurement as the minimum cost of making a position acceptable by adding an optimal combination of multiple eligible assets. Under certain assumptions, it is shown that these risk measures have properties similar to those of coherent risk measures. The motivation for this paper was the study of a multi-currency setting where it is natural to use simultaneously a domestic and a foreign asset as investment vehicles to inject the capital necessary to make an unacceptable position acceptable. We also study what happens when one changes the unit of account from domestic to foreign currency and are led to the notion of compatibility of risk measures. In addition, we aim to clarify terminology in the field. |
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Robert Göx, Performancemessung und Anreizgestaltung, In: Mitarbeiterbeteiligung in Unternehmens- und Steuerrecht, Linde Verlag, Wien, p. 43 - 59, 2009. (Book Chapter)
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Robert Göx, Alfred Wagenhofer, Optimal impairment rules, Journal of Accounting and Economics, Vol. 48 (1), 2009. (Journal Article)
We study the optimal accounting policy of a financially constrained firm that pledges assets to raise debt capital for financing a risky project. The accounting system provides information about the value of the collateral. Absent accounting regulation, the optimal accounting system is conditionally conservative: it recognizes an impairment loss if the asset value is below a certain threshold, but never reports unrealized gains. We describe the optimal impairment rule and the optimal precision of the accounting information, and we provide comparative static results that lead to testable predictions on the determinants of impairment rules. |
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Robert Göx, Tax incentives for inefficient executive pay and reward for luck, Review of Accounting Studies, Vol. 13 (4), 2009. (Journal Article)
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Thomas Keil, Erkko Autio, Gerard George, Corporate venture capital, disembodied experimentation and capability development, Journal of Management Studies, Vol. 45 (8), 2009. (Journal Article)
Studies invoking a capabilities lens often ascribe deliberateness in organizational decisions to develop new capabilities. Drawing on five longitudinal case studies of large, global firms in the information and communication technology sector, we examine how firms engender cognizance of their future capability needs in situations characterized by high decision-making uncertainty. We develop a theoretical account of how firms use investments in start-ups to actively engage in experimentation outside organizational boundaries, a learning process which we term as disembodied experimentation. Disembodied experimentation creates awareness of voids in the capability base of an incumbent and helps to overcome inertial restraints thereby influencing the decision to invest in capability development. The relationship between learning from disembodied experimentation and the decision to develop capabilities is moderated by knowledge brokering functions and adaptation complexity. |
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