... motivation for LBOs, further studies analyze the determinants of premiums paid to stockholders (Achleitner et al., 2011 ; Kaplan, 1989a ; Renneboog et al., 2007). For Germany, Achleitner et al. (2011) reveal potential tax savings to be the key determinants of premiums paid...

.... Treating crises periods and normal periods separately, they document the instability of correlation coefficients and provide strong evidence of flight to quality. Equity capital Risk management Bonds United States of America United Kingdom Germany Flight to quality results from...

... or longer. Following World War I, the issue of hyperinflation in Austria and Germany stimulated a considerable amount of original accounting research. After the inflationary period, a series of competing Bilanztheorien, discussed in the text, dominated the scene. Two figures emerged supremely from...