The following content has been added at finexpert:
Capital Market Data
We updated the capital market data (Multiples, Betas, Svensson-Yield Curve and Returns) as to January 15, 2012.
Studies > M & A
Duff & Phelps
VALUATION INSIGHTS, FIRST QUARTER 2012
D&P's current newsletter on a range of topics and further containing multiples for North America. >more
Studies > Corporate Finance
BCG and HHL
THE POWER OF DIVERSIFIED COMPANIES DURING CRISIS
Market sentiment has swung in favor of diversified companies, which is reflected in the decline of the conglomerate discount. One reason for this shift is that diversified companies have a financial advantage over their focused peers during crises. >more
Studies > Risk Management
Ernst & Young
BENCHMARK UMSETZUNG SOLVENCY II 2011
The insurance sector is still far away from completing requirements on their governance system (in German). >more
Studies > Macro
McKinsey Global Institute
DEBT AND DELEVERAGING: UNEVEN PROGRESS ON THE PATH TO GROWTH
A study taking a view on the development of the budget crisis. >more
Studies > Macro
Deutsche Bank
CLOUD COMPUTING - FREUNDLICHE AUSWIRKUNG FUER DIE WOLKE
A summary on the current state of cloud computing (in German). >more
Publications > Corporate Finance
THE RAT RACE OF CAPITAL STRUCTURE - RESEARCH FOR REITS AND REOCS: TWO SPOTLIGHTS ON LEVERAGE
Ralf Hohenstatt and Bertram Steininger
ZEW Discussion Paper No. 11-077
A new view on capital structure theory: This paper presents a dynamic multi-equation model based on a balance sheet identity, where technical aspects of capital structure are highlighted through separately observing debt and equity and their relationship to investment. Additionally, leverage dynamics are interpreted in their role for liquidity management. Interactions of leverage with lines of credit and cash are considered in the light of financial flexibility. >more
