@article{4427, abstract = {{Kompetenzorientierung ist ein wichtiges aktuelles Ziel bei der Studienprogrammentwicklung. Allerdings ist die Umsetzung in der Praxis mit zwei wesentlichen Herausforderungen verbunden: So ist zum einen der Wechsel von disziplinären Inhalten hin zu Kompetenzen wenig intuitiv; zum anderen wird die Formulierung so genannter Learning Outcomes als administrative Übung betrachtet. An der Universität St. Gallen wurde ein systematischer Prozess für die Qualitätsentwicklung der Studienprogramme eingeführt. Im Beitrag wird dieser Prozess im Hinblick auf die Kompetenzorientierung reflektiert. Es erscheint wesentlich, den Programmen möglichst viel Freiraum auf ihrem Weg zur Kompetenzorientierung zu überlassen und sie auf diese Weise zu unterstützen.}}, author = {{Brahm, Taiga and Jenert, Tobias}}, issn = {{2219-6994}}, journal = {{Zeitschrift für Hochschulentwicklung}}, keywords = {{Kompetenzorientierung, Studienprogrammentwicklung, Hochschulentwicklung, Hochschule, Learning Outcomes}}, number = {{1}}, pages = {{7--14}}, publisher = {{Österreichische Gesellschaft für Hochschuldidaktik}}, title = {{{Herausforderungen der Kompetenzorientierung in der Studienprogrammentwicklung}}}, volume = {{8}}, year = {{2013}}, } @article{4428, abstract = {{Die Auseinandersetzung mit Bildungstechnologien erfolgt häufig ausgehend von einem technologischen Trend bzw. einer Klasse innovativer Werkzeuge (bspw. mobile Technologien). Es geht dann darum, die Potenziale dieser Tools für das Lernen zu ergründen, also letztlich eine Passung zwischen den technologischen Möglichkeiten und pädagogisch-didaktischen Erfordernissen zu konstruieren. In diesem Beitrag kehren wir diese Perspektive um: Ausgehend von einer bestimmten pädagogischen Problemstellung - der Bearbeitung heterogener Lernvoraussetzungen und Studienerfahrungen in der Lehrerbildung - entwickeln wir unterschiedliche didaktische Handlungsoptionen. Am Ende entsteht ein Werkzeug, das sich in Design und Funktionsumfang auf den Kern der pädagogischen Zielsetzung beschränkt.}}, author = {{Jenert, Tobias and Brahm, Taiga}}, issn = {{1681-7028}}, journal = {{Journal für LehrerInnenbildung}}, keywords = {{Portfolio, Lehrerbildung, Wirtschaftspädagogik}}, number = {{4}}, pages = {{29--33}}, publisher = {{Studien-Verlag}}, title = {{{Ein e-Portfolio-Konzept zur Integration heterogener Lernvoraussetzungen und Studienerfahrungen in der Lehrerbildung}}}, volume = {{13}}, year = {{2013}}, } @inproceedings{4477, abstract = {{The aim of this qualitative study is first to investigate the attitude development of students in their initial year at university. College effectiveness research has shown that attitudes towards studying as well as to one's university are key factors influencing student engagement. Up to now, little is known about the processes through which such attitudes develop. Based on the theory of planned behaviour (Ajzen & Fishbein, 1980), the study addresses this research gap in three parts: a) development paths of students' attitudes towards studying and the university; b) the normative behaviour of the fellow students as well as significant persons, c) university-related experiences during the first year influencing students' attitude development. To answer these research questions, a series of five interviews was conducted throughout the first year with a total of 13 first-year students at the University of St. Gallen/Switzerland. Data analysis was performed referring to the procedures suggested by Neale (2012) for qualitative longitudinal data. To master the challenge of displaying developments over time, graphical analysis was used to construct a case history (cf. Henderson, Holland et al., 2012) for each individual. Regarding the students' developments over time, the analysis shows the participants' attitudes towards the university became more differentiated over time. A second major result concerns frictions between students' own attitudes and what they perceive to be the dominant normative behaviour. It became obvious that this developmental process is influenced by concrete incidents students experience during the first year and thus, can be shaped by structural changes.}}, author = {{Jenert, Tobias and Brahm, Taiga}}, keywords = {{student attitudes, qualitative research, longitudinal study, student motivation}}, location = {{München}}, publisher = {{EARLI European Association for Research on Learning and Instruction}}, title = {{{How Business Students Attitudes towards their University and Studying Develop during the First Year: A Qualitative Longitudinal Study}}}, year = {{2013}}, } @inproceedings{4478, abstract = {{The purpose of the research was to develop and validate an instrument for the assessment of attitudes towards the study environment in higher education contexts. The questionnaire is designed to measure students' attitudes towards two particular objects: the university (or Higher Education Institution) and the process of studying. Five studies at two different universities were conducted to develop and validate the Attitudes towards the Study Environment Questionnaire (ASEQ). In total, 1640 students filled in the questionnaire. Reliability tests and exploratory factor analysis as well as confirmatory factor analysis showed satisfactory psychometric characteristics of the ASEQ. Each part of the questionnaire is internally consistent and construct validity of the scales is supported by correlations with other constructs as assumed by current theories: Positive attitudinal constructs (normative behavior, autonomy, joy, self-efficacy, and task value) are positively related to intrinsic motivation and the expected study performance while anxiety is negatively related to these constructs. Since attitudes towards the study situation are connected to student engagement and motivation, the study contributes to the theory of student learning by providing a validated instrument to assess attitudes. Thus, the ASEQ can support further research on student performance and development by providing an instrument for the hitherto neglected but nonetheless extremely relevant domain of attitudes. Also, the questionnaire can be used as a diagnostic instrument for higher education faculty and administration to trace students' attitudinal development over time - a factor of prime importance for student socialization during the introductory phase of studying.}}, author = {{Brahm, Taiga and Jenert, Tobias and Euler, Dieter}}, keywords = {{attitudes, teaching and learning, studying, higher education institution, theory of planned behavior, instrument development}}, location = {{München }}, publisher = {{EARLI European Association for Research on Learning and Instruction}}, title = {{{On the assessment of attitudes towards the study process and the university: Attitudes towards the Study Environment Questionnaire (ASEQ)}}}, year = {{2013}}, } @inproceedings{4480, abstract = {{The proposed paper aims to investigate the longitudinal development of students' motivation over the first year of their studies at a business school by using latent growth curve modeling. The study tackles the following core research questions: How do first-year university students' intrinsic and extrinsic vary over time? Which (motivational) factors are related to students' motivational development? Although motivational dispositions have been analyzed extensively in previous studies, their longitudinal development has hitherto not been examined in the higher education context. This longitudinal study is conducted at the University of St. Gallen in Switzerland. The current sample includes 280 first-year students who have been surveyed three times and who are representative of the first-year student population. Descriptive results show that prior to their studies, students were motivated most by intrinsic factors, however, extrinsic motivation was also quite high. Employing latent growth curve modeling, it could be shown that both intrinsic and extrinsic motivation decline significantly over the course of the first year (8 months). The study contributes to motivation theory by providing further insights into the development of academic motivation over time. Latent growth curve modeling as a method can be well used for longitudinal data analysis, thus, excluding measurement error from longitudinal data. Furthermore, the study supports educational developers by determining factors influencing students' motivational development.}}, author = {{Brahm, Taiga and Jenert, Tobias}}, keywords = {{motivation, intrinsic motivation, extrinsic motivation, latent growth curve modeling, longitudinal data analysis, ASEQ, higher education, studying}}, location = {{München}}, publisher = {{EARLI European Association for Research on Learning and Instruction}}, title = {{{A latent growth curve analysis of Business students' intrinsic and extrinsic motivation}}}, year = {{2013}}, } @inproceedings{4481, abstract = {{Die vorliegende Untersuchung an der Universität St. Gallen soll Erkenntnisse über die Verläufe der Einstellungsveränderungen der Studierenden geben (vgl. Brahm & Jenert, 2012). Basierend auf der Theorie des geplanten Verhaltens (Ajzen & Fishbein, 1980) werden drei Forschungsfragen adressiert: (1) Gibt es typische Pfade der Einstellungsentwicklung? (2) Wie wird das normative Verhalten von Mitstudierenden und anderen Personen wahrgenommen? (3) Welche Erfahrungen beeinflussen die Entwicklung? Zur Beantwortung dieser Fragen wurde über das erste Studienjahr hinweg eine Interviewserie mit 13 Studierenden durchgeführt. Die Datenanalyse mithilfe grafischer Case Histories zeigt, dass die Einstellungen der Probanden über die Zeit differenzierter werden. Zudem gibt es Widersprüche zwischen den Einstellungen und dem wahrgenommenen normativen Verhalten. Dabei ist die Einstellungsentwicklung von konkreten Ereignissen geprägt und kann damit durch strukturelle Interventionen beeinflusst werden.}}, author = {{Jenert, Tobias and Brahm, Taiga}}, keywords = {{student attitudes, theory of planned behaviour, Einstellungsentwicklung, student motivation}}, location = {{Hildesheim}}, publisher = {{Institut für Psychologie}}, title = {{{Die Entwicklung studien-und hochschulbezogener Einstellungen an einer Wirtschaftsuniversität: eine qualitative Längsschnittstudie}}}, year = {{2013}}, } @inbook{4509, author = {{Jenert, Tobias and Brahm , Taiga}}, booktitle = {{Lehrforschung wird Praxis: Hochschuldidaktische Forschungsergebnisse und ihre Integration in die Praxis}}, editor = {{Spiekermann, Annette}}, isbn = {{978-3-7639-5194-9}}, pages = {{69--84 }}, publisher = {{W. Bertelsmann Verlag }}, title = {{{Eine strategische Perspektive auf die Qualitätsentwicklung in Studienumgebungen }}}, volume = {{124}}, year = {{2013}}, } @inbook{4510, author = {{Jenert, Tobias and Gebhardt , Anja}}, booktitle = {{Kompetenzentwicklung in unterschiedlichen Lernkulturen, Festschrift für Dieter Euler zum 60. Geburtstag}}, editor = {{Seuffert, Sabine and Metzger, Christoph}}, issn = {{1613-0677}}, pages = {{227--240}}, publisher = {{EUSL}}, title = {{{Die Erforschung von Lernkulturen an Hochschulen unter Nutzung komplementärer Zugänge: Erste Erfahrungen aus einem Forschungsprogramm}}}, year = {{2013}}, } @article{4596, author = {{Feng, Yuanhua and Guo, Zhichao and Peitz, Christian}}, issn = {{1566-1679}}, journal = {{Journal of Industry, Competition and Trade}}, number = {{2}}, pages = {{207--228}}, publisher = {{Springer Nature}}, title = {{{A Tree-form Constant Market Share Model for Growth Causes in International Trade Based on Multi-level Classification}}}, doi = {{10.1007/s10842-013-0156-y}}, volume = {{14}}, year = {{2013}}, } @article{4600, author = {{Guo, Zhichao and Feng, Yuanhua}}, issn = {{0264-9993}}, journal = {{Economic Modelling}}, pages = {{474--483}}, publisher = {{Elsevier BV}}, title = {{{Modeling of the impact of the financial crisis and China's accession to WTO on China's exports to Germany}}}, doi = {{10.1016/j.econmod.2012.12.015}}, volume = {{31}}, year = {{2013}}, } @book{4628, author = {{Beran, Jan and Feng, Yuanhua and Ghosh, Sucharita and Kulik, Rafal}}, isbn = {{9783642355110}}, publisher = {{Springer Berlin Heidelberg}}, title = {{{Long-Memory Processes}}}, doi = {{10.1007/978-3-642-35512-7}}, year = {{2013}}, } @techreport{4657, author = {{Feng, Yuanhua and Sun, Lixin}}, title = {{{A Semi-APARCH approach for comparing long-term and short-term risk in Chinese financial market and in mature financial markets}}}, year = {{2013}}, } @techreport{4658, author = {{Feng, Yuanhua}}, title = {{{Double-conditional smoothing of high-frequency volatility surface in a spatial multiplicative component GARCH with random effects}}}, year = {{2013}}, } @techreport{474, abstract = {{Suppose some individuals are allowed to engage in different groups at the same time and they generate a certain welfare by cooperation. Finding appropriate ways for distributing this welfare is a non-trivial issue. The purpose of this work is to analyze two-stage allocation procedures where first each group receives a share of the welfare which is then, subsequently, distributed among the corresponding members. To study these procedures in a structured way, cooperative games and network games are combined in a general framework by using mathematical hypergraphs. Moreover, several convincing requirements on allocation procedures are discussed and formalized. Thereby it will be shown, for example, that the Position Value and iteratively applying the Myerson Value can be characterized by similar axiomatizations.}}, author = {{Röhl, Nils}}, publisher = {{Universität Paderborn}}, title = {{{Two-Stage Allocation Procedures}}}, year = {{2013}}, } @article{480, abstract = {{Although of considerable practical importance, the separate impact of individual and collective reputation on firm performance (e.g. product prices) has not yet been convincingly demonstrated. We use a sample of some 70 different wineries offering more than 1,300 different Riesling wines from the Mosel valley to isolate the returns to individual reputation (measured by expert ratings in a highly respected wine guide) from the returns to collective reputation (measured by membership in two different professional associations where members are assumed to monitor each other very closely). We find that both effects are statistically significant and economically relevant with the latter being more important in quantitative terms than the former.}}, author = {{Frick, Bernd and Simmons, Robert}}, journal = {{Journal of Business Economics}}, number = {{2}}, pages = {{101--119}}, publisher = {{Springer}}, title = {{{The Impact of Individual and Collective Reputation on Wine Prices: Empirical Evidence from the Mosel Valley}}}, doi = {{10.1007/s11573-013-0652-x}}, volume = {{83}}, year = {{2013}}, } @article{4851, author = {{Garnefeld, Ina and Eggert, Andreas and Helm, Sabrina V and Tax, Stephen S}}, journal = {{Journal of Marketing}}, number = {{4}}, pages = {{17----32}}, title = {{{Growing existing customers' revenue streams through customer referral programs}}}, year = {{2013}}, } @article{4852, author = {{Haas, Alexander and Eggert, Andreas and Terho, Harri and Ulaga, Wolfgang}}, journal = {{Marketing Review St. Gallen}}, number = {{4}}, pages = {{64----73}}, title = {{{Erfolgsfaktor Value-Based Selling—Verkaufen, wenn Kundenorientierung nicht zum Erfolg führt}}}, year = {{2013}}, } @article{4880, author = {{St{\, Susi and Fahr, Rene}}, journal = {{Applied Economics}}, number = {{19}}, pages = {{2863----2875}}, title = {{{Individual determinants of work attendance: Evidence on the role of personality}}}, year = {{2013}}, } @book{4911, author = {{Zimmermann, Klaus F and Bauer, Thomas K and Bonin, Holger and Fahr, Rene and Hinte, Holger}}, title = {{{Arbeitskräftebedarf bei hoher Arbeitslosigkeit: ein ökonomisches Zuwanderungskonzept für Deutschland}}}, year = {{2013}}, } @techreport{4915, author = {{Mir Djawadi, Behnud and Fahr, Rene}}, title = {{{The impact of risk perception and risk attitudes on corrupt behavior: Evidence from a petty corruption experiment}}}, year = {{2013}}, } @inproceedings{4991, author = {{Oertel, Simon and Thommes, Kirsten and Walgenbach, Peter}}, booktitle = {{Academy of Management Proceedings}}, number = {{1}}, pages = {{11642}}, title = {{{Born in the GDR: Imprinting, Structural Inertia and the Survival Chances of Organizations}}}, year = {{2013}}, } @inproceedings{4992, author = {{Thommes, Kirsten and Akkerman, Agnes and Vyrastekova, Jana}}, booktitle = {{Academy of Management Proceedings}}, number = {{1}}, pages = {{12251}}, title = {{{The after effects of strikes on team collaboration-experimental evidence}}}, year = {{2013}}, } @book{6984, editor = {{Beutner, Marc and Kremer, H.-Hugo and Wirth, W.}}, title = {{{Berufsorientierung, Gewaltsensibilisierung und Kompetenzentwicklung - Konzepte zur beruflichen Bildung im JUngtätervollzug}}}, year = {{2013}}, } @article{6985, author = {{Kremer, H.-Hugo and Fischer, M. and Tramm, T.}}, journal = {{bwp@ Berufs- und Wirtschaftspädagogik - online}}, number = {{24}}, title = {{{Didaktik beruflicher Bildung}}}, year = {{2013}}, } @book{6986, editor = {{Feng, X. and Rützel, J. and Kremer, H.-Hugo}}, title = {{{Standardization, professionalization and the measurements}}}, year = {{2013}}, } @article{7429, author = {{Garnefeld, Ina and Steinhoff, Lena}}, journal = {{Journal of Service Management}}, number = {{1}}, pages = {{64--81}}, title = {{{Primacy versus Recency Effects in Extended Service Encounters}}}, volume = {{24}}, year = {{2013}}, } @book{7437, editor = {{Münkhoff, Eva}}, publisher = {{Springer Gabler}}, title = {{{Umsatz- und Profitabilitätsauswirkungen industrieller Dienstleistungen – Eine latente Wachstumskurvenanalyse}}}, year = {{2013}}, } @inbook{7470, author = {{Kremer, H.-Hugo}}, booktitle = {{Vielfalt an Übergängen in der beruflichen Bildung - zwölf Ansichten}}, editor = {{Fischer, A. and Frommberger, D.}}, pages = {{185--202}}, title = {{{Paradigmen in der Curriculumtheorie: Das Lernfeldkonzept im Kontext der Input-Output-Diskussion}}}, year = {{2013}}, } @inbook{9585, author = {{Beutner, Marc and Rohde, S}}, booktitle = {{Berufsorientierung, Gewaltsensibilisierung und Kompetenzentwicklung. Konzepte zur beruflichen Bildung im Jungtätervollzug}}, editor = {{Beutner, M and Kremer, H.-H and Wirth, W}}, pages = {{181 -- 196}}, title = {{{Werte als Ausgangsbasis der Berufsorientierung in Justizvollzugsanstalten}}}, year = {{2013}}, } @inbook{9586, author = {{Beutner, Marc and Rose, S}}, booktitle = {{Berufsorientierung, Gewaltsensibilisierung und Kompetenzentwicklung. Konzepte zur beruflichen Bildung im Jungtätervollzug}}, editor = {{Beutner, M and Kremer, H.-H and Wirth, W}}, pages = {{197 -- 216}}, title = {{{Ausbildungsfähigkeit und Basiskompetenzen – Eine Herausforderung für den Justizvollzug}}}, year = {{2013}}, } @article{9705, author = {{Beutner, Marc and Fortmann, L. M.}}, journal = {{Kölner Zeitschrift für Wirtschaft und Pädagogik}}, number = {{54}}, title = {{{COR-VET – Career Orientation in Vocational Education and Training in Europe}}}, volume = {{28}}, year = {{2013}}, } @article{9706, author = {{Beutner, Marc and Kundisch, Dennis and Magenheim, J and Hermann, P and Reinhardt, W and Zoyke, A}}, journal = {{Informatik Spektrum}}, number = {{3}}, pages = {{389 -- 393}}, title = {{{Classroom Response Systeme}}}, volume = {{36}}, year = {{2013}}, } @article{3976, author = {{Bauhoff, Frauke and Schneider, Martin}}, journal = {{Industrielle Beziehungen/The German Journal of Industrial Relations}}, pages = {{54----76}}, title = {{{„Sekret{\"a}rin des Vorstandes “gesucht: Stellenanzeigen und die expressive Funktion des AGG}}}, year = {{2013}}, } @article{3979, author = {{Bauhoff, Frauke and Schneider, Martin}}, journal = {{Industrielle Beziehungen/The German Journal of Industrial Relations}}, pages = {{54----76}}, title = {{{„Sekretärin des Vorstandes“ gesucht: Stellenanzeigen und die expressive Funktion des AGG}}}, year = {{2013}}, } @inbook{5031, author = {{Becker, Jörg and Bernhold, Torben and Beverungen, Daniel and Kaling, Nina and Knackstedt, Ralf and Vanessa, Lellek and Peter Rauer, Hans}}, booktitle = {{Dienstleistungsmodellierung 2012: Product-Service Systems und Produktivität}}, editor = {{Thomas, Oliver and Nüttgens, Markus}}, pages = {{208----226}}, title = {{{Softwaregestützte Konstruktion von Produktivitätsmodellen im Facility Management}}}, doi = {{10.1007/978-3-658-00863-5}}, year = {{2013}}, } @book{5042, author = {{König, Rolf and Sureth-Sloane, Caren}}, publisher = {{Verlag Neue Wirtschafts-Briefe}}, title = {{{Besteuerung und Rechtsformwahl}}}, year = {{2013}}, } @misc{5043, author = {{Maiterth, Ralf and Sureth-Sloane, Caren}}, booktitle = {{Frankfurter Allgemeine Zeitung}}, number = {{125}}, pages = {{18}}, title = {{{Vermögensteuer vernichtet Eigenkapital}}}, year = {{2013}}, } @techreport{5044, author = {{Meißner, Fabian and Sureth-Sloane, Caren}}, title = {{{The Impact of Corporate Taxes and Flexibility on Entrepreneurial Decisions with Moral Hazard and Simultaneous Firm and Personal Level Taxation}}}, volume = {{141}}, year = {{2013}}, } @misc{5046, author = {{Sureth-Sloane, Caren}}, booktitle = {{Cicero Online}}, title = {{{ Die Reichensteuer gefährdet Arbeitsplätze}}}, year = {{2013}}, } @article{5108, abstract = {{This study integrates the government in the context of company valuation. Our framework allows to analyze and to quantify the risk-sharing effects and conflicts of interest between the government and the shareholders when firms follow different financial policies. We provide novel evidence that firms with fixed future levels of debt might invest more than socially desirable. Economically, this happens if the gain in tax-shields is big enough to outweigh the loss in the unlevered firm value. Our findings have implications for the practice of investment subsidy programs provided by the government to avoid fostering investments beyond the socially optimal level. }}, author = {{Kreutzmann, Daniel and Sievers, Sönke and Mueller, Christian}}, journal = {{Applied Financial Economics (VHB-JOURQUAL 3 Ranking C)}}, keywords = {{corporate tax claim, company valuation, optimal investment, cost of capital}}, number = {{11}}, pages = {{977--989}}, publisher = {{Taylor \& Francis}}, title = {{{Investment distortions and the value of the government's tax claim}}}, doi = {{10.1080/09603107.2013.786161}}, volume = {{23}}, year = {{2013}}, } @article{5111, author = {{Gilroy, Bernard Michael and Schreckenberg, Heike and Seiler, Volker}}, journal = {{Federal Governance}}, number = {{2}}, pages = {{3--18}}, publisher = {{MISC}}, title = {{{Subsidiarity between economic freedom and harmonized regulation: is there an optimal degree of European integration?}}}, volume = {{10}}, year = {{2013}}, } @article{5112, author = {{Gilroy, Bernard Michael and Lukas, Elmar and Heimann, Christian}}, journal = {{Jahrbücher für Nationalokonomie 6 Statistik}}, title = {{{Technologiestandort Deutschland und internationale Wissensspillover.}}}, volume = {{233}}, year = {{2013}}, } @article{5113, abstract = {{Standard equity valuation approaches (i.e., DDM, RIM, and DCF model) are derived under the assumption of ideal conditions, such as infinite payoffs and clean surplus accounting. Because these conditions are hardly ever met, we extend the standard approaches, based on the fundamental principle of financial statement articulation. The extended models are then tested empirically by employing two sets of forecasts: (1) analyst forecasts provided by Value Line and (2) forecasts generated by cross-sectional regression models. The main result is that our extended models yield considerably smaller valuation errors. Moreover, by construction, identical value estimates are obtained across the extended models. By reestablishing empirical equivalence under non-ideal conditions, our approach provides a benchmark that enables us to quantify the errors resulting from individual deviations from ideal conditions, and thus, to analyze the robustness of the standard approaches. Finally, by providing a level playing field for the different valuation approaches, our findings have implications for other empirical settings, for example, estimating the implied cost of capital. }}, author = {{Heinrichs, Nicolas and Hess, Dieter and Homburg, Carsten and Lorenz, Michael and Sievers, Sönke}}, journal = {{Contemporary Accounting Research (VHB-JOURQUAL 3 Ranking A)}}, keywords = {{Dividend Discount Model, Residual Income, Discounted Cash Flow, Dirty Surplus, Terminal Value, Valuation Error}}, number = {{1}}, pages = {{42--79}}, publisher = {{Wiley Online Library}}, title = {{{Extended dividend, cash flow, and residual income valuation models: Accounting for deviations from ideal conditions}}}, doi = {{10.2139/ssrn.1145201}}, volume = {{30}}, year = {{2013}}, } @article{5114, author = {{Gilroy, Bernard Michael and Heimann, Anastasia and Schopf, Mark}}, journal = {{Basic Income Studies}}, number = {{1}}, pages = {{43--70}}, publisher = {{De Gruyter}}, title = {{{Basic income and labour supply: The German case}}}, volume = {{8}}, year = {{2013}}, } @article{5115, author = {{Gilroy, Bernard Michael and Nguyen, Birke Thuy Duong}}, journal = {{WiSt-Wirtschaftswissenschaftliches Studium}}, number = {{3}}, pages = {{134--140}}, publisher = {{Verlag Franz Vahlen GmbH}}, title = {{{Ist Fairer Handel Wirklich Fair?}}}, volume = {{42}}, year = {{2013}}, } @techreport{5117, author = {{Gilroy, Bernard Michael and Schreckenberg, Heike and Seiler, Volker}}, title = {{{Water as an alternative asset}}}, year = {{2013}}, } @techreport{5146, abstract = {{In this paper, we analyze a model in which two divisions negotiate over an intrafirm transfer price for an intermediate product. Formally, we consider bargaining problems under incomplete information, since the upstream division’s (seller's) costs and downstream division's (buyer's) revenues are supposed to be private information. Assuming two possible types for buyer and seller each, we first establish that the bargaining problem is regular, regardless whether incentive and/or efficiency constraints are imposed. This allows us to apply the generalized Nash bargaining solution to determine transfer payments and transfer probabilities. Furthermore, we derive general properties of this solution for the transfer pricing problem and compare the model developed here with the existing literature for negotiated transfer pricing under incomplete information. In particular, we focus on the models presented in Wagenhofer (1994).}}, author = {{Brangewitz, Sonja and Haake, Claus-Jochen}}, keywords = {{Transfer Pricing, Negotiation, Generalized Nash Bargaining Solution, Incomplete Information}}, publisher = {{CIE Working Paper Series, Paderborn University}}, title = {{{Cooperative Transfer Price Negotiations under Incomplete Information}}}, volume = {{64}}, year = {{2013}}, } @book{5172, author = {{Sievers, Sönke}}, isbn = {{978-3-86582-925-2}}, keywords = {{Unternehmensbewertung, Unternehmenswachstum, Return on Investment Unternehmensbewertung, Investition, Steuervergünstigung}}, publisher = {{Verlag-Haus Monsenstein und Vannerdat}}, title = {{{Company Valuation and Growth: Theory, Empirical Evidence and Practical Implementation Issues}}}, year = {{2013}}, } @article{5191, abstract = {{This study examines the relevance of financial and non-financial information for the valuation of venture capital (VC) investments. Based on a hand-collected data set on venture-backed start-ups in Germany, we investigate the internal due diligence documents of over 200 investment rounds. We document that balance sheet and income statement items capture as much economic content as verifiable non-financial information (e.g. team experience or the number of patents) while controlling for several deal characteristics (e.g. industry, investment round, or yearly VC fund inflows). In addition, we show that valuations based on accounting and non-accounting information yield a level of valuation accuracy that is comparable to that of publicly traded firms. Further analyses show that the industry-specific total asset multiples outperform the popular revenue multiples but lead to significantly less accurate results than those obtained from the more comprehensive valuation models. Overall, our findings might inform researchers and standard-setters of the usefulness of accounting information for investment companies and provide additional evidence to gauge the overall valuation accuracy in VC settings.}}, author = {{Sievers, Sönke and Mokwa, Christopher F and Keienburg, Georg}}, journal = {{European Accounting Review (VHB-JOURQUAL 3 Ranking A)}}, keywords = {{value relevance, equity valuation, venture capital, human capital, start-ups}}, number = {{3}}, pages = {{467--511}}, publisher = {{Taylor \& Francis}}, title = {{{The relevance of financial versus non-financial information for the valuation of venture capital-backed firms}}}, doi = {{10.1080/09638180.2012.741051}}, volume = {{22}}, year = {{2013}}, } @article{5192, abstract = {{For the valuation of fast growing innovative firms Schwartz and Moon (Financ Anal J 56:62–75, 2000), (Financ Rev 36:7–26, 2001) develop a fundamental valuation model where key parameters follow stochastic processes. While prior research shows promising potential for this model, it has never been tested on a large scale dataset. Thus, guided by economic theory, this paper is the first to design a large-scale applicable implementation on around 30,000 technology firm quarter observations from 1992 to 2009 for the US to assess this model. Evaluating the feasibility and performance of the Schwartz-Moon model reveals that it is comparably accurate to the traditional sales multiple with key advantages in valuing small and non-listed firms. Most importantly, however, the model is able to indicate severe market over- or undervaluation from a fundamental perspective. We demonstrate that a trading strategy based on our implementation has significant investment value. Consequently, the model seems suitable for detecting misvaluations as the dot-com bubble.}}, author = {{Klobucnik, Jan and Sievers, Sönke}}, journal = {{Journal of Business Economics (VHB-JOURQUAL 3 Ranking B)}}, keywords = {{Schwartz-Moon model, Market mispricing, Empirical test, Company valuation, Trading strategy}}, number = {{9}}, pages = {{947--984}}, publisher = {{Springer}}, title = {{{Valuing high technology growth firms}}}, doi = {{https://doi.org/10.1007/s11573-013-0684-2}}, volume = {{83}}, year = {{2013}}, }