Eastern Europe's enterprises are undergoing fundamental reform. This paper evaluates alternative forms of corporate restructuring, emphasizing different sequences in which reforms can be organized. In some countries, restructuring is undertaken by the state prior to privatization; in some,...

The credit crunch was most likely viewed as a mixed blessing by many private equity executives. On the one hand, it signalled the end of the most favourable set of economic conditions the private equity industry had ever witnessed: abundant capital, low interest rates, increasing stock market...

This dissertation analysis the consequences of interjurisdictional competition for a mobile tax base for the efficiency of the public sector and the growth potential of a jurisdiction.

Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...

Unternehmensgründungen durch Personen mit Migrationshintergrund haben in Deutschland stark zugenommen. Auf regionaler Ebene werden die Gründungsaktivitäten ausländischer Personen im Zeitraum 2001-2005 mit Daten der Gewerbeanzeigenstatistik beschrieben. Die Relevanz regionaler...