approach is needed to maximize customer value and to improve efficiency. Based on a comprehensive literature review this paper presents an integrated PPM framework. It is intended to provide a basis for [...] Furthermore, these coordinators must ensure that all stakeholders closely adhere to the formalization requirements of both levels to yield the positive interaction effect of joint formalization” (Ahlemann et [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in

of how to set τ are available, there is still a lot of subjectivity. In our view, it would be beneficial to either make this subjectivity more explicit or to derive empirical methods to determine [...] Bayesian methods have been developed to derive Bayesian estimators for µ and Σ. On the other hand, heuristic methods are used to limit the impact of the uncertainty or to encompass it by “resampling”. Both [...] (1999). According to Rachev et al. (2008), the Black-Litterman model is “the single most prominent application of the Bayesian methodology to portfolio selection”. It allows to consistently combine

need to supplement the credit with their own funds to afford the durables. To do so they have to either use their savings or decrease their spending on non-durable goods in the short run to use [...] like the Grameen bank, have mostly lent to women, enabling them to contribute to the household’s income. It is believed that by making women contributors to the household’s income, Microfinance [...] Microfinance to promote women’s empowerment. Section 2: Literature review The majority of Microfinance institutions (MFIs) aim to reduce poverty by making financial services available to the poor

a crisis. The current course is, however, inadequate to tackle the core problems of the Eurozone and to avoid future crises, which are mainly due to the escalating public debt and the lack of international [...] of a European Monetary Fund, 17.02.2018. Transparancy International (2017), From Crisis to Stability – How to make the European Stability Mechanism Transparent and Accountable? Wyplosz, Charles [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in

Paris in September 2017 to reform die European Union in the six following areas: 1. A Europe, which guarantees security in all its dimensions, 2. A Europe, which reacts to the challenge of migration [...] the proposals of Emmanuel Macron. Both intend to strengthen Europe as an economic and monetary power by changing the European Stability Mechanism to a European Monetary Fund and by establishing a [...] which still do not have the Euro as a currency to complete the Eurozone as aimed by the European treaties. This paper discusses the legal steps to implement the proposals of Emmanuel Macron.

of up to −56.77%, which are related to a momentum crash (reversal) 12The scaled time index ts can be obtained from the original index to = 1, ..., T via ts = (b−a)[to −min to]/[max to − min to] + a [...] NYSE has reduced tick size only a few times: from 8th to 16th in June 1997 and from 16th to penny in January 2001. Comparing 1993 to 2000 with 2001 to 2008, Chordia et al. (2011) document a 75% decrease [...] investors declined from 48% to 22% from 1980 to 2007, while the share of open investment funds increased from 5% to 32%. Second, bonuses for investment bankers also lead to increased demand for high risk

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] betrieblicher Altersversorgung für den GGF.“ von Thomas Dommermuth 9 „Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?“ von Heribert Popp und

although the latter to a lesser extent. In what follows, our aim is to use model-based techniques and judgmental approaches to detect these alternative episodes, and thereafter to estimate probabilities [...] compared to Kilian’s index of global economic activity and the index of OECD world industrial production. Stratford (2013) uses linear models to investigate several global indicators' ability to nowcast [...] rates in the advanced economies declined to a lesser extent compared to the emerging world in the Great Recession. In the former, growth rates declined to around -5%, while they did not turn into

data migration as the process of perma- nently moving data from one database to another whereas the databases both belong to ap- plications”78. Eine Implementierung einer neuen Cloud-ERP-Lösung geht [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] software solutions, companies have new options for providing the information infrastructure they need to do their business. Based on a concrete scenario in a corporate context and a structured analysis

tests a concept to enable nowcasting forecasts for the German gross domestic product on the basis of bottom-up modeling. The combination of models used contributes a new approach to the current literature [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] g quality, a detailed interpretation of the economic situation also becomes possible. Compared to benchmark models, the prediction model results in few prognosis errors, which is particularly important

area as well as in Germany is equivalent to 2.2 percent of GDP or about €700 per capita. Thus, stepping into deep negative interest rates turns out to be a very costly economic experiment, leaving [...] Negative Nominal Interest Rates: Three Ways to Overcome the Zero Lower Bound, NBER Working Paper 15118. Buiter, W. und E. Rahbari (2015), High Time to Get Low: Getting Rid of the Lower Bound on [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in

ized countries politicians and economists propose to abolish cash. The end of the cash area seems to be justified by two main arguments, namely to strengthen the efficiency of negative interest [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] interest rates implemented by the monetary policy of central banks and to fight against terrorism, tax avoidance and money laundering. Legal experts discuss if the abolishment of cash or legal restraints

K. Barnes, R. Marateo, F. Pixy: Teaching and Learning with the Net Generation, www.innovateonline.info/pdf/vol3_issue4/Teaching_and-Learning_with_the_Net- Generation.pdf (2009) K. Ceymowa: [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] is integral part of their business and private life. However, employees of Gen. Y need support to strengthen their awareness about significance, correctness, completeness and plausibility of the

option, special attention is devoted to the estimation of the volatility for the underlying stock. We analyze observed daily yields for four different timeframes to estimate the resulting volatility [...] convertible bonds and is robust to small changes in the presumed risk free interest rate or dividend paid by the underlying stock. It is conceivable that this is due to the increasing popularity [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in

unemployment is 3 to 1. In line with the demographic change this situation will become even more severe. In our study we want to shed light on getting a degree in engineering and to explore the reasons [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] betrieblicher Altersversorgung für den GGF.” von Thomas Dommermuth 9 “Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?” von Heribert Popp und

services is increasing. In order to achieve these ambitious revenue and profit goals many companies have to expand their service portfolio. In addition to that executives have to answer the question, whether [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] whether existing services generate profit and provide value to their customers. This paper deals with service portfolio management (SPM), which is a core function in industrial companies. Based on a comprehensive

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] D-63743 Aschaffenburg Germany ralph.hirdina@h-ab.de Abstract Anti-European sentiments seem to grow in the European Union. The euro crisis showed that the Euro-zone is not as stable as it should [...] betrieblicher Altersversorgung für den GGF.” von Thomas Dommermuth 9 “Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?” von Heribert Popp und

attributed to the normal response of currency holdings to the lowering of interest rates and to the increase in income from the government stimulus. The remaining 80% may be due to an increase [...] banknotes in circulation in the period from January 1991 to December 2001 corresponds to the volume of D-Mark banknotes outstanding (converted to euros with the irrevocably fixed exchange rates of 1 January [...] also report results for the aggregate currency-to-GDP ratio. The substitution effects with respect to electronic payments are largely confined to the demand for small denominations. Moreover, they

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] negative way. The same is true for students who completed a vocational training, before starting to study. Keywords: Engineer, collage graduate, academic success, academic census, probit models [...] betrieblicher Altersversorgung für den GGF.” von Thomas Dommermuth 9 “Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?” von Heribert Popp und

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] fundamental rights of institutional investors like insurances and depositors, especially the right to make money with interests? Are losses of wealth by low or negative interest rates in the Eurozone [...] betrieblicher Altersversorgung für den GGF.” von Thomas Dommermuth 9 “Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?” von Heribert Popp und

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] An important task of a risk-based customer rating (or synonym: value-based credit management) is to pool individual risk and reward information in a meaningful index. We define duration of risk as a [...] en, 3. Auflage, Pearson-Verlag. Panagiotidis, Elias (2014), Trade Credit Risk: From Monitoring to Management, Risikomanager 12/2104, S. 12 – 14. Schumann, Matthias (2014), Beiträge des Kredit

Abstract The purpose of this paper is to propose a service development process that is adapted to manufacturing companies and to discuss its implication for companies with a focus on [...] are the impacts to the success? Revenue Model • For what value are customers really willing to pay? • For what do they currently pay? How? • How much does the service contribute to overall revenues [...] simultaneously, the consideration of a service offer to be an autonomous business model permits the firm to determine accountable actions and to balance internal capabilities and resources, an issue

Original: "Sustainable development is development that meets the needs of the present without compromising the ability of future genera- tions to meet their own needs."23 Daraus folgt, dass Nachhaltigkeit [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] auf das Grundprinzip für Nachhaltigkeit und Ökonomie. The Shared Value approach is a current test to bridge the gap between business and corporate responsibility. The question behind is about the re

Original: "Sustainable development is development that meets the needs of the present without compromising the ability of future genera- tions to meet their own needs."23 Daraus folgt, dass Nachhaltigkeit [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] auf das Grundprinzip für Nachhaltigkeit und Ökonomie. The Shared Value approach is a current test to bridge the gap between business and corporate responsibility. The question behind is about the re

Council meeting of November, the ECB has announced to widen its balance sheet by € 1 trillion. The volume of the balance sheet of the ECB should reach the level of 2012, nearly € 3 trillion. To reach that [...] the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term [...] Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in