@article{Heckelmann, author = {Heckelmann, Martin}, title = {Cross-Border Loss Deductibility}, series = {European Law Reporter (ELR)}, journal = {European Law Reporter (ELR)}, number = {2007}, publisher = {Verl. Radical Brain S.A.}, address = {Luxemburg}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-16379}, pages = {271}, abstract = {A Review of Rewe Zentralfinanz eG ./. Finanzamt K{\"o}ln-Mitte. The extensive interpretation of freedom of establishment limits the competences that fall within the authority of the Member States. Lately, the European Court of Justice focuses on different kinds of tax regulations. In the case "Rewe Zenralfinanz", the Court takes up, and specifies, the rules set out in "Marks Spencer" as to what kind of fiscal restrictions on freedom of establishment are acceptable.}, subject = {Verlustabzug}, language = {en} } @article{Hafner, author = {Hafner, Ralf}, title = {Stada: A Back-of-the-Envelope Return Analysis}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-3445}, pages = {1 -- 5}, abstract = {An analysis of the return of the invested equity on the recent acquisition of Stada by Bain Capital and cinven}, language = {en} } @article{Hafner, author = {Hafner, Ralf}, title = {Does Shareholder Value Maximization Destroy or Create Jobs?}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-3251}, pages = {1 -- 5}, abstract = {The article investigates whether there is a relationship between shareholder value maximization and the creation of jobs.}, language = {en} } @article{Hafner, author = {Hafner, Ralf}, title = {Opel/Vauxhall Automotive: A Back-of-the-Envelope Valuation}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-3278}, pages = {1 -- 8}, abstract = {My analysis of the value of Opel/Vauxhall based on publicly available information.}, language = {en} } @article{Hafner, author = {Hafner, Ralf}, title = {Implied Equity Risk Premium for Germany in January 2017}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-3309}, pages = {1 -- 5}, abstract = {A derivation of an implied equity risk premium based on the CDAX.}, language = {en} } @unpublished{Priewe2010, author = {Priewe, Jan}, title = {What Went Wrong? Alternative interpretations of the global financial crisis}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-426}, year = {2010}, abstract = {This paper first reviews different interpretations of the global financial crisis of 2008-2009 (and its aftermath), focusing on the proximate causes in the financial sector of the United States. However, behind the immedi-ate causes lie ultimate causes without which the crisis cannot be properly understood. These were mainly the global imbalances in trade and in cross-border capital flows, the systemic root of which lies in what the pa-per refers to as a "new Triffin dilemma". This dilemma relates to the shortcomings of the present global currency system that uses the United States dollar as the key reserve currency, which has to serve both national and global objectives. Other ultimate causes are the trend towards a finance-driven capitalism in many OECD countries, most pronounced in the United States, and the trend towards greater income inequality, which dampens aggregate demand and contributes to financial instability as well as global imbalances. The confluence of the proximate and ultimate causes paved the way for the crisis.}, language = {en} } @article{Sandberg, author = {Sandberg, Berit}, title = {Art Hacking for Business Innovation: An Exploratory Case Study on Applied Artistic Strategies}, series = {Journal of Open Innovation: Technology, Market, and Complexity}, volume = {5}, journal = {Journal of Open Innovation: Technology, Market, and Complexity}, number = {1}, publisher = {MDPI}, issn = {2199-8531}, doi = {10.3390/joitmc5010020}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-3915}, pages = {22}, language = {en} } @unpublished{Dullien2010, author = {Dullien, Sebastian}, title = {Risk factors in international financial crises: early lessons from the 2008-2009 turmoil}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-414}, year = {2010}, abstract = {This paper analyses the global transmission of the recent economic and financial crisis as a function of macroeconomic factors such as per capita gross domestic product, current-account positions prior to the crisis, exchange-rate regimes, inflation prior to the crisis and financial openness. It finds that large current-account imbalances (both surpluses and deficits) were a risk factor in the current global economic turmoil. It also finds that countries that use currency boards have suffered much more from the crisis than countries with other exchange-rate regimes. Financial openness appears to have increased the risk of experiencing a deep recession, while higher inflation prior to the crisis seems to have mitigated its impact.}, language = {en} } @misc{OPUS4-1016, title = {FB_3_MA_StPO_O_International_Business_06.13}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-10161}, abstract = {Auf Grund von \S 17 Abs. 1 Nr. 1 der Neufassung der Satzung der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) zu Abweichungen von Bestimmungen des Berliner Hochschulgesetzes (AMBl. HTW Berlin Nr. 29/09) in Verbindung mit \S 31 des Gesetzes {\"u}ber die Hochschulen im Land Berlin (Berliner Hochschulgesetz - BerlHG) in der Fassung der Bekanntmachung vom 26. Juli 2011 (GVBl. S. 378) hat der Fachbereichsrat des Fachbereiches Wirtschaftswissenschaften I der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) am 09. Januar 2013 die folgende Studien- und Pr{\"u}fungsordnung f{\"u}r den Masterstudiengang International Business beschlossen: \S 1 Geltungsbereich (1) Diese Studien- und Pr{\"u}fungsordnung gilt f{\"u}r alle Studierenden, die nach Inkrafttreten dieser Ordnung am Fachbereich Wirtschaftswissenschaften I der HTW Berlin im Masterstudiengang International Business in das 1. Fachsemester immatrikuliert werden. (2) Ferner gilt diese Studien- und Pr{\"u}fungsordnung f{\"u}r alle Studierenden, welche nach einem Hochschul- oder Studiengangwechsel aufgrund der Anrechnung von Studien- und Pr{\"u}fungsleistungen zeitlich so in den Studienverlauf eingeordnet werden, dass ihr Studienstand dem Personenkreis gem{\"a}ß Absatz 1 entspricht. (3) Die Studien- und Pr{\"u}fungsordnung wird erg{\"a}nzt durch die Zugangs- und Zulassungsordnung f{\"u}r den Masterstudiengang International Business in der jeweils g{\"u}ltigen Fassung.}, language = {en} } @misc{OPUS4-1106, title = {FB_3_BA_StPO_O_International_Business_09.15}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-11061}, abstract = {Auf Grund von \S 17 Abs. 1 Nr. 1 der Neufassung der Satzung der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) zu Abweichungen von Bestimmungen des Berliner Hochschulgesetzes (AMBl. HTW Berlin Nr. 29/09) in Verbindung mit \S 31 des Gesetzes {\"u}ber die Hochschulen im Land Berlin (Berliner Hochschulgesetz - BerlHG) in der Fassung der Bekanntmachung vom 26. Juli 2011 (GVBl. S. 378) hat der Fachbereichsrat des Fachbereiches Wirtschafts- und Rechtswissenschaften der HTW Berlin am 3. Dezember 2014 die folgende Studien- und Pr{\"u}fungsordnung f{\"u}r den Bachelorstudiengang International Business beschlossen: \S 1 Geltungsbereich (1) Diese Studien- und Pr{\"u}fungsordnung gilt f{\"u}r alle Studierenden, die nach Inkrafttreten dieser Ordnung am Fachbereich Wirtschafts- und Rechtswissenschaften der HTW Berlin im Bachelorstudiengang International Business in das 1. Fachsemester immatrikuliert werden. (2) Ferner gilt diese Studien- und Pr{\"u}fungsordnung f{\"u}r alle Studierenden, welche nach einem Hochschul- oder Studiengangwechsel auf Grund der Anrechnung von Studien- und Pr{\"u}fungsleistungen zeitlich so in den Studienverlauf eingeordnet werden, dass ihr Studienstand dem Personenkreis gem{\"a}ß Absatz 1 entspricht. (3) Die {\"U}bergangsregelungen in \S 17 dieser Ordnung gelten nur f{\"u}r Studierende, die nach der vorangegangenen Studien- und Pr{\"u}fungsordnung f{\"u}r den Bachelorstudiengang International Business vom 2. Juli 2008 (AMBl. FHTW Berlin Nr. 50/08 und 58/08), immatrikuliert wurden.}, language = {en} } @misc{OPUS4-853, title = {FB_3_BA_StPO_O_International_Business_50.08}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-8534}, abstract = {Aufgrund von \S 17 Absatz 1 Satz 1 Nr. 1 der Satzung der Fachhochschule f{\"u}r Technik und Wirtschaft Berlin zu Abweichungen von Bestimmungen des Berliner Hochschulgesetzes (AMBl. FHTW Berlin Nr. 27/02) in Verbindung mit \S 24 Abs. 4 des Gesetzes {\"u}ber die Hochschulen im Land Berlin (Berliner Hochschulgesetz - BerlHG) in der Fassung vom 13. Februar 2003 (GVBl. S. 82), zuletzt ge{\"a}ndert durch das Gesetz vom 12. Juli 2007 (GVBl. S. 278), hat der Fachbereichsrat des Fachbereiches Wirtschaftswissenschaften I der Fachhochschule f{\"u}r Technik und Wirtschaft Berlin (FHTW Berlin) am 02. Juli 2008 die folgende Studienordnung f{\"u}r den Bachelorstudiengang International Business beschlossen \S 1 Geltungsbereich (1) Diese Studienordnung gilt f{\"u}r alle Studierenden, die nach In-Kraft-Treten dieser Ordnung an der FHTW Berlin im Bachelorstudiengang International Business immatrikuliert werden. (2) Die Studienordnung wird erg{\"a}nzt durch die Pr{\"u}fungsordnung f{\"u}r den Bachelorstudiengang International Business in der jeweils g{\"u}ltigen Fassung und durch die Auswahlordnung f{\"u}r Bachelorstudieng{\"a}nge der Fachhochschule f{\"u}r Technik und Wirtschaft Berlin (Auswahlordnung f{\"u}r Bachelorstudieng{\"a}nge - AO - Ba) in der jeweils g{\"u}ltigen Fassung.}, language = {en} } @misc{OPUS4-1238, title = {FB_3_MA_StPO_1.AE_International_Business_04.19}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-12388}, abstract = {Auf Grund von \S 17 Abs. 1 Nr. 1 der Neufassung der Satzung der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) zu Abweichungen von Bestimmungen des Berliner Hochschulgesetzes (AMBl. HTW Berlin Nr. 29/09) in Verbindung mit \S 31 des Gesetzes {\"u}ber die Hochschulen im Land Berlin (Berliner Hochschulgesetz - BerlHG) in der Fassung der Bekanntmachung vom 26. Juli 2011 (GVBl. S. 378), zuletzt ge{\"a}ndert durch Gesetz vom 2. Februar 2018 (GVBl. S. 160), hat der Fachbereichsrat des Fachbereiches Wirtschafts- und Rechtswissenschaften der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) am 7. November 2018 die folgende Erste Ordnung zur {\"A}nderung der Studien- und Pr{\"u}fungsordnung f{\"u}r den Masterstudiengang International Business vom 9. Juni 2013 (AMBl. HTW Berlin Nr. 06/13) beschlossen: Diese {\"A}nderungsordnung gilt f{\"u}r alle Studierenden des konsekutiven Masterstudiengangs International Business.}, language = {en} } @misc{OPUS4-1242, title = {FB_3_BA_StPO_O_International_Business_09.19}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-12425}, abstract = {Auf Grund von \S 17 Abs. 1 Nr. 1 der Neufassung der Satzung der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) zu Abweichungen von Bestimmungen des Berliner Hochschulgesetzes (AMBl. HTW Berlin Nr. 29/09) in Verbindung mit \S 31 des Gesetzes {\"u}ber die Hochschulen im Land Berlin (Berliner Hochschulgesetz - BerlHG) in der Fassung der Bekanntmachung vom 26. Juli 2011 (GVBl. S. 378), zuletzt ge{\"a}ndert durch Gesetz vom 2. Februar 2018 (GVBl. S. 160), hat der Fachbereichsrat des Fachbereiches Wirtschafts- und Rechtswissenschaften der Hochschule f{\"u}r Technik und Wirtschaft Berlin (HTW Berlin) am 9. Januar 2019 die folgende Studien- und Pr{\"u}fungsordnung f{\"u}r den Bachelorstudiengang International Business beschlossen: \S 1 Geltungsbereich (1) Diese Studien- und Pr{\"u}fungsordnung gilt f{\"u}r alle Studierenden, die nach Inkrafttreten dieser Ordnung am Fachbereich Wirtschafts- und Rechtswissenschaften der HTW Berlin im Bachelorstudiengang International Business in das 1. Fachsemester immatrikuliert werden. (2) Ferner gilt diese Studien- und Pr{\"u}fungsordnung f{\"u}r alle Studierenden, die nach einem Hochschul- oder Studiengangwechsel aufgrund der Anrechnung von Studien- und Pr{\"u}fungsleistungen zeitlich so in den Studienverlauf eingeordnet werden, dass ihr Studienstand dem Personenkreis gem{\"a}ß Absatz 1 entspricht. (3) Die in \S 16 festgelegten {\"U}bergangsregelungen gelten nur f{\"u}r Studierende, die nach der vorangegangenen Studien- und Pr{\"u}fungsordnung f{\"u}r den Bachelorstudiengang International Business vom 3. Dezember 2014 (AMBl. HTW Berlin Nr. 09/15) immatrikuliert wurden.}, language = {en} } @misc{Schmidt, type = {Master Thesis}, author = {Schmidt, Tim}, title = {The Free Quality School Education Program in Sierra Leone: Achievements and Remaining Challenges}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {163}, abstract = {Sierra Leone, a country in the west of Sub-Saharan Africa, is among the poorest countries in the world, ranking 181 out of 195 on the Human Development Index in 2021. The education system was abandoned for decades and, like the country itself, suffered from various crises such as a devastating eleven-year civil war that ended in 2002 and the Ebola pandemic in 2014. What remained is a dys-functional education system in many respects. When Julius Maada Bio became president in the 2018 democratic elections, he promised an alternative path to development: he put education at the center. The Free Quality School Education Program was born - a program to reshape the fortunes of the country through the transformation of the education system. "The big bet on schools" started. This paper combines first-hand information collected in a four-week fieldtrip with available second-ary data to show that much has changed and that the current administration, along with its partners, has achieved remarkable improvements. Those improvements may sometimes seem small, but it is important to keep the baseline situation in mind. However, there are still major structural challenges that need to be addressed to ensure the sustainability.}, language = {en} } @misc{Topal, type = {Master Thesis}, author = {Topal, Azra Sakine}, title = {German Consumers' Attitudes Towards Carbon Taxation in the Automotive Sector}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {107}, abstract = {Carbon taxes are considered as a cost-effective instrument to reduce greenhouse gas emissions by impacting the consumption of individuals. Nevertheless, it seems as if these are not supported by the public. Since consumer attitudes are of importance due to their provision of valuable information, the thesis aims to understand these consumer attitudes in the automotive sector in case of Germany by testing its relationship to diverse factors acting as the independent variables: personal (car drivers/non-car drivers), distributional (household income level, residence and generation) and procedural impacts (political trust). This was done by collecting primary data through a quantitative survey (N=154, only consumers=109). Hereby, various statistical methods were applied in order to test these relationships. Two scenarios were illustrated to the sample. The first displayed the general carbon tax, whilst the second communicated the already implemented system in the country presenting similar effects to a tax. Thus, consumer attitudes, which were measured on the basis of the depending variables reflecting the degree in acceptability and acceptance of the respective systems, were compared on account of both economic tools. Overall, this study could show significant relationships in regard to personal and procedural impacts for both the general tax and German carbon pricing system. Conversely, the distributional effects displayed inconsistencies with the literature review. Even though it was assumed that a higher household income level as well as decreasing age would reflect more positive levels in supporting consumer attitudes, this study could not prove these associations. Additionally, the residence of consumers led to different results since a curvilinear relationship was in emphasis, which is different from a linear association. Furthermore, it needs to be stated that both systems resulted in similar deductions. The survey's findings implicate that there are three target groups for marketers in Germany to emphasise on in order to positively influence attitudes of consumers: first, individuals driving a car with a combustion engine; second, consumers residing further away from the city and third, automobile drivers with lower political trust.}, language = {en} } @misc{DeLaCruzAquino, type = {Master Thesis}, author = {De La Cruz Aquino, Nathalie}, title = {Determinant factors of primary educational outcomes in the Dominican Republic: teacher effects}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {82}, abstract = {The Dominican Republic (DR's) has still a long way to go in terms of education quality despite of investing 4\% of the GDP for almost a decade. Students of 3rd grade are still not learning Spanish at an appropriate pace, threatening future outcomes, and causing great concern and finger-pointing in the society. School inequalities prevent the DR's education system from becoming transformative. The literature is not conclusive on which family background, teacher or school factors are more important and significant and whether teachers have different effects for different performing students. To answer these questions in the DR's context, the 2017 data with 166,812 students and information about their families, teachers and schools was used, with an education production function model. A method of imputation was also used to evaluate the missingness of data. To analyze this model, OLS, linear mixed models, quantile regressions, and linear quantile mixed regressions were used comparatively; the last two were used to test whether the teacher effects were heterogeneous along the distribution of scores. The school explained 34\% of the variance in the intercept-only model. Most of the teacher variables had a small and non-significant effect in the student's Spanish learning compared to other family and school variables, except for the teacher's satisfaction with the student's reading level at the start of 3rd grade (.115σ). No heterogeneous teacher effects were found along the conditional quantile distribution of scores. The results support the idea that teacher effects should be studied as part of a bigger instructional setting that is also determined by students themselves, parents, and schools; also, the Spanish learning process should be studied since earlier grades.}, language = {en} } @misc{TorrezGaleano, type = {Master Thesis}, author = {Torrez Galeano, Jarvin Marconi}, title = {Assessing the Socio-economic Impact of Rural Road Projects in Nicaragua: A Study of the Road Integration Program II}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {33}, abstract = {This thesis focuses on rural roads in Nicaragua, specifically examining the socio-economic impact of the Road Integration Program II between 2017 and 2022. In addition to contributing to the suggested areas for research in the literature on rural roads, this study complements the existing evaluation of the program, which primarily focused on short-term economic indicators. The research approach employed in this thesis includes a case study of the Road Integration Program II, utilizing secondary data sources and analyzing it using a before-and-after and with-and-without approach between intervened and nonintervened municipalities. The findings from this research provide evidence that the program has had a positive impact on formal employment. However, the impact on health is only evident on one of the two roads, while there is no significant impact on school enrollment rates, with a decrease observed in the ratio of girls to boys in secondary school on one of the roads. Consequently, the main conclusions drawn from this study highlight that rural roads, while offering substantial socio-economic benefits, require additional policies to be effective. The author presents policy recommendations regarding the promotion of the transport sector, tourism, and agriculture, investments in human capital, gender mainstreaming, and improvements in data collection.}, language = {en} } @masterthesis{Shiekh, type = {Bachelor Thesis}, author = {Shiekh, Asmara Gul}, title = {Comparative Analysis of open source and commercial social media for use in SMEs for acquiring new customers.}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {51}, abstract = {Research on effectiveness of the use of commercial social media platforms in business capacity by small or large firms can be found in abundance. However, research material on the use and benefits of open source social media for small and medium enterprises is under researched. This study is aimed at exploring and comparing the relationship of how either of the social media; commercial and open source social platforms can be beneficial for the small and medium sized enterprises for customer acquisition. Two marketing professionals working in a Small and Medium sized Enterprise (SME) were interviewed to identify the possible benefits and issues SMEs could encounter when using commercial and open social media platforms for targeting new customers. While both the open and commercial social can benefit the SMEs in customer acquisition in different ways; for open source social media to be come the go to marketing medium for SMEs still has lower possibility. This study has limited implications because open source social media is an under researched topic specifically with regards to SMEs using this niche social media for customer acquisition.}, language = {en} } @masterthesis{Coutolleau, type = {Bachelor Thesis}, author = {Coutolleau, Theo Pierre Andre}, title = {Copyright: balancing protection and progress. A case study within the music industry}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {46}, abstract = {This thesis aims to evaluate the motivation for strong copyright protection and the persistence of all rights reserved at the cost of artists, culture, and progress. The current state of copyright is examined through a review of copyright literature followed by a structured legal discussion, using the principle of proportionality as a framework to debate its relevancy within the modern digitalised economy and highlight how the excessive privatisation of cultural products and ideas may be problematic for society. Empirical evidence further confirms that, in some cases, it may be beneficial to reduce copyright protection in favour of more flexible rights systems for both private copyright holders and society in its aggregate, and hence, existing alternatives to copyright, such as the Creative Commons, are explored. However, despite the development of new digital technologies and internet platforms empowering artists and creators to publish and choose the protection of their work independently, most continue to maintain all rights reserved. The research section of this thesis thus aims to gain insight into artists' perceptions of copyright and identify driving forces that motivate and prevent them from adopting more flexible rights systems. The thesis addresses the domains of intellectual property law and innovation, using the music industry, in particular sampling, as a case study to illustrate the benefits of reducing copyright protection and understand the motivations for and against copyright and its alternatives.}, language = {en} } @misc{VeronesiCompagnoli, type = {Master Thesis}, author = {Veronesi Compagnoli, Renan}, title = {China's challenges to overcome the middle-income trap: A study case of the semiconductor industry}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {56}, abstract = {China's avoidance of the middle-income trap is an open debate among policymakers and scholars, especially after China's economic growth has decelerated. China's ascension to a high-income level is not only a domestic topic but also has profound geopolitical implications. The US, as the current hegemon, tries to prevent the contender's economic rise by sanctioning China's semiconductor sector. This scenario raises two questions: (i) how central is the semiconductor industry for China not to fall into the middle-income trap? and (ii) how prepared is China's semiconductor sector to face a technological catch-up challenge? Based on the Sectoral Systems of Innovation and middle-income trap literature and an investigation of the semiconductor sector value chain, the present work builds an analytical framework to answer both questions. Through quantitative and qualitative analyses, this work has three main findings: (i) China is dependent on state-of-the-art semiconductor technology to avoid the middle-income trap; (ii) China's semiconductor sector is prepared for short-term catch-up challenges; (iii) China's semiconductor basic research is insufficient for an eventual technological leadership for the long-term of its semiconductor sector, and China needs to address collaboration problems between Universities/Research Institutes and the Industry if it wants to increase its chances to become a high-income country.}, language = {en} } @misc{Setiadarma, type = {Master Thesis}, author = {Setiadarma, Michelle Angelica}, title = {Building Bridges to Successful Deals: The Art of Valuation and Negotiation}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {78}, abstract = {Corporate transactions involve complex processes that shape global business operations and strategic maneuvers. They range from mergers and acquisitions to divestitures and joint ventures, each with unique objectives and regulatory considerations. These trans- actions can significantly impact a company's strategy, competition, or market position- ing. Negotiation is an integral part of the corporate transaction process, often determin- ing the success or failure of strategic business endeavors (Snow, 2011). It involves a complex interaction between parties in a potential corporate deal, characterized by a series of structured yet dynamic interactions. Reaching a consensus where each party ideally secures terms better than their concession limits to maximize their gains is the main objective of negotiations (Ang et al., 2008). For a buyer, this means securing a purchase price significantly below their maximum threshold, while a seller aims to achieve a sale price well above their minimum acceptable level. Often, the price is the focal point of these negotiations—what one party agrees to pay and the other agrees to accept (Wasserstein, 1998). While the price signifies an agreement between the buyer and seller, the value embodies the inherent value of an asset and frequently serves as a basis for decision-making and position defense in negotiations (Barthel, 2005). Valuation is not merely a number but a powerful argumentative tool in negotiations (Matschke \& Br{\"o}sel, 2021). One can strategically tailor the outcome of a valuation to serve specific purposes, strengthening the negotiation position by providing concrete data to support claims and making arguments more convincing and numbers-based. However, these numbers are prone to biased assumptions (Damodaran, 2024). Com- panies often tailor these numbers on financial statements to influence perceived value, mirroring tactics in corporate transaction negotiations where buyers present low valu- ations to support low offers and sellers argue for higher valuations. Various valuation methods, each offering distinct leeway, support the argumentation objectives of the ne- gotiators. 1 The cognitive bias known as the anchoring effect significantly influences negotiation outcomes, where an initial piece of information (the "anchor") heavily affects subse- quent judgments and decisions (Yi et al., 2023). In corporate transactions, the initial offer can set a psychological benchmark that impacts the negotiation process (DePam- philis, 2010). Understanding and utilizing this effect is critical for optimizing negotia- tion strategies. Effective strategies are crucial for bridging valuation differences and aligning inter- ests in corporate transaction negotiations. Hartley-Brewer (2001) identifies three nego- tiation approaches: the argumentative approach, which uses logical arguments to per- suade the other party; the power-based approach, which relies on reciprocation and the balance of power to make concessions; and the creative-based approach, which seeks in- novative and value-creating solutions to satisfy both parties' interests. These approaches provide negotiators with guidelines to minimize valuation gaps and achieve favorable agreements. Although negotiations play a crucial role in corporate transactions, there is a lack of comprehensive research that discusses the utilization of valuation methods, the an- choring effect, and negotiation approaches to achieve optimal outcomes. This thesis aims to fill that gap by addressing the research question: "How can valuation methods, the anchoring effect, and negotiation strategies be leveraged to optimize outcomes and maximize gains in corporate transaction negotiations?" This thesis primarily focuses on corporate transactions in non-hostile conflict situ- ations, where buyers and sellers are involved voluntarily. The limitations include po- tential biases toward well-documented areas due to the availability and accessibility of existing literature. Ultimately, this thesis provides a robust analytical framework that can guide corporate executives, financial analysts, and policymakers in optimizing negotiation strategies. It incorporates both theoretical extensions and practical insights that are essential for navigating complex negotiation landscapes, enhancing value creation, and gaining a competitive advantage in corporate transactions.}, language = {en} } @misc{Auer, type = {Master Thesis}, author = {Auer, Valerie}, title = {What drives Dollarization in Cuba? A Qualitative Research Approach}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {50}, abstract = {Dollarization, the use of foreign currencies alongside or instead of a domestic currency, significantly impacts currency systems and economic stability. Cuba serves as a unique case study, highlighting how macroeconomic instability, external influences, institutional failures, and household behaviours collectively drive the widespread adoption of foreign currencies. Initially implemented in the early 1990s as a temporary stabilization measure following the Soviet Union's dissolution, Cuba's reliance on foreign currencies has become a persistent economic practice due to ongoing crises and ineffective reforms. This study uses a qualitative approach, incorporating interviews with households and economic experts, to examine the macroeconomic and microeconomic factors contributing to Cuba's extensive dollarization. The findings reveal that the 2021 monetary reform exacerbated inflation and eroded public trust in the Cuban Peso. Additionally, growing inequalities and the expanding informal economy, along with remittance patterns in Cuba, intensify the situation and accelerate the trend toward dollarization. The research underscores the limitations of traditional dollarization models in capturing Cuba's unique economic context, characterized by centralized economic planning and a multiple currency system. It demonstrates that resolving Cuba's dollarization crisis requires a comprehensive strategy focused on restoring confidence in the Cuban Peso, stabilizing the economy, and addressing both macroeconomic and microeconomic challenges. This exploration offers valuable insights into the broader implications of dollarization for economic stability and policy development in Cuba.}, language = {en} } @masterthesis{Popp, type = {Bachelor Thesis}, author = {Popp, Nikitas Xenophilos}, title = {Great Powers Have Great Currencies}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {33}, abstract = {This bachelor thesis examines the Chinese campaign for the internationalization of the renminbi (RMB) in the context of currency hierarchy theory and analyzes whether economic or political factors were the primary drivers behind this campaign. The research applies Benjamin J. Cohen\&\#039;s cost and benefit methodology to assess the costs and benefits associated with RMB internationalization. The study finds that the RMB internationalization campaign gained significant momentum after the global financial crisis, with the RMB becoming the 5th most active currency for global payments and gaining inclusion in the SDR currency basket. The paper assumes that Chinese policy is primarily motivated by China\&\#039;s great power ambitions and pursuit of political prestige and autonomy. By examining the costs and benefits of RMB internationalization, the study confirms this assumption but with ambivalent results. The potential economic benefits appear significant, but the limited availability of quantitative data and the early stage of RMB internationalization hinder a thorough interpretation. On the other hand, the political benefits, often derived from the economic benefits, are supported by evidence from the literature, indicating their importance to Chinese authorities. The costs associated with RMB internationalization, which are harder to determine at this stage, seem to be outweighed by the benefits and may even have a net positive impact, such as currency appreciation. However, the meaningfulness of these results may be limited as more data becomes available in the future, potentially proving them inaccurate. Overall, this thesis contributes to the existing literature by applying Cohen\&\#039;s cost and benefit methodology to the Chinese RMB internationalization campaign and highlighting the political dimension of China\&\#039;s monetary ambitions. The research draws on academic literature and official data from international financial institutions to support its arguments.}, language = {en} } @misc{Dewes2022, type = {Master Thesis}, author = {Dewes, Florian}, title = {Building a State-of-the-Art Deep Learning German-Language Information Extraction System}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {119}, year = {2022}, abstract = {This thesis investigates the use of transformer networks for information extraction (IE) tasks in German language texts. Leveraging machine learning algorithms, the study examines key concepts and components that lead to the development of transformer model architecture for handling such problems. The research outlines a pathway to train, evaluate, and deploy these deep learning models to various cloud infrastructures, thereby facilitating their integration into a modern, modularized, and containerized application ecosystem. Key topics addressed include data feeding issues, development of transformer model architecture, dataset selection for German language, suitable deep learning models for German text IE tasks, and the deployment of these models in cloud-ready environments. The paper showcases a practical implementation of these methods and provides an application example that uses the model for extracting information from German news sources. This study thus illuminates the ongoing advancements in natural language processing (NLP), particularly in the context of the German language, and proposes methods for their effective implementation.}, subject = {Natural language processing}, language = {en} } @misc{Abdelwahed, type = {Master Thesis}, author = {Abdelwahed, Mohamed}, title = {Analyzing Reasons for Export Upgrading Divergence between North African Countries: A case study of Egypt and Morocco}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {75}, abstract = {As Morocco's automotive sector has become the top producer and exporter in Africa and the Middle East, Egypt's industry has been continuously shrinking. Despite both countries having similar policies and a similar industry kickstart in the sixties and seventies, their paths have diverged since the beginning of the 21st century. This study analyzes the reasons behind this divergence, finding that inappropriate policy design, lack of collaborative institutions, passive FDI, untailored incentives scheme, failure to enhance the industry's ecosystem, inability to promote workforce knowledge and capabilities, and unstable political and business environment are the main reasons for this divergence. Currently, Egypt is trying to revive the industry by forming new laws and associations. Thus, looking at the Moroccan experience may help automotive stakeholders and governments in Egypt and African countries to set and design policies for the industry's resurgence.}, language = {en} } @misc{Hegmann, type = {Master Thesis}, author = {Hegmann, Evita}, title = {Incentives to Support a Better Waste Management System in the Maldives - A Case Study of the Tourism Resort Sector}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {35}, abstract = {The increased pressure from inadequate solid waste management on the environment of small island developing states suggests the importance to find socially acceptable resource management solutions. In the Maldives, the tourism sector plays an important role as it contributes significantly to the generation of waste, but also fosters economic development. To show how the tourism sector can be encouraged to adopt pro-environmental behavior, this study examines existing waste management problems and explains why they persist despite measures taken in the country. The core of the study consists of discussing incentives that encourage tourism resorts to improve their own solid waste management and support the nationwide waste management infrastructure. The research approach adopted includes a literature review to embed the topic of waste management into the common pool resource discussion and to investigate and cluster incentive structures leading to pro-environmental behavior. Based on the pertinent literature, 19 semi-structured in-depth interviews were conducted with different tourism resorts in the Maldives to obtain primary qualitative data to answer the research questions. The results of this study suggest that external incentives, primarily social/psychological incentives, followed by economic incentives and complemented by regulatory measures, lead to an appropriate strategy to steer the tourism sector towards more sustainable waste management. The previously mentioned points can be supported by company-wide and personal standards as internal incentives. Main findings include that policy and action recommendations based on incentives can be developed most effectively including the perceptions and the needs of stakeholders. The inclusion of individual actors' perceptions will most effectively foster the socially more optimal handling of (natural) resources. More advanced social experiments and trial phases of the outlined priority policy implementation are recommended.}, language = {en} } @misc{Afridi, type = {Master Thesis}, author = {Afridi, Muhammad Abdullah}, title = {Navigating Funding Landscapes: Lessons from the EU for Advancing Sustainable Urban Utilities in Developing Nations}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {44}, abstract = {This thesis, titled "Navigating Funding Landscapes: Lessons from the EU for Advancing Sustainable Urban Utilities in Developing Nations," delves into the complex challenges and strategic solutions associated with municipal utilities accessing European Union (EU) funds. Through an in-depth examination of the Multiannual Financial Framework (MFF) and the European Green Deal (EGD), this study illuminates the bureaucratic, regulatory, financial, political, and operational obstacles that municipal utilities encounter. Utilizing qualitative methodologies, including expert interviews and thematic analysis, the research uncovers essential success factors and provides actionable recommendations for both the EU and municipal utilities to optimize the advantages of these funds. The findings underscore the importance of nuanced regulatory adjustments, streamlined processes, robust political support, and strategic partnerships. Additionally, the thesis investigates the transferability of EU successes to developing nations, emphasizing both the achievements and limitations of the EU model. This research highlights the urgent need for policy reforms and international cooperation to empower municipal utilities, thereby promoting resilient and sustainable urban development on a global scale.}, language = {en} } @inproceedings{HenschelGetzinRoffiaetal., author = {Henschel, Thomas and Getzin, Fares and Roffia, Paolo and Fonseca, Mark and Otter, Nadine and Kuttner, Michael and Bution, Jefferson Luiz and Oliva, F{\´a}bio Lotti and Fenner, Germano and Snippe, Linda and Jansen, Pieter and Saveliev, Mykyta and Florio, Cristina and Nastari, Raffaela}, title = {11th ERRN Conference - Risk Management Challenges in Times of Change}, series = {11th ERRN Conference}, booktitle = {11th ERRN Conference}, editor = {Henschel, Thomas and Getzin, Fares}, doi = {10.34702/opus4-2177}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-21770}, pages = {1 -- 53}, abstract = {It was with great pleasure that the 11th European Risk Research Network Conference was hosted at HTW Berlin under the theme "Risk Management Challenges in Times of Change." The conference brought together leading academics, practitioners, and emerging scholars from across Europe, as well as North and South America, to engage in a shared exploration of the evolving landscape of risk management. The international character of the event reflected the global nature of today's risk environment—an interconnected world where new threats and opportunities continue to emerge at an accelerating pace. The conference aimed to provide a comprehensive examination of contemporary risk management challenges and to highlight innovative approaches to addressing them. In doing so, it sought to bridge the gap between academic research and professional practice. By fostering meaningful dialogue between scholars and industry experts, the event served as a platform where theoretical insights and practical experiences were exchanged, contributing to a deeper understanding of complex risk phenomena. The contributions showcased during the conference—and now documented in these proceedings—reflect this interdisciplinary and practice-oriented approach. They examine risk management challenges from various angles, providing both analytical insight and practical applicability. Together, they highlight key research gaps and suggest potential directions for future development in the field. As a result, this volume serves as a valuable resource for academics, professionals, and policymakers aiming to navigate the increasing complexity of modern risk management. Particular recognition is due to the PhD students who presented their projects. Their fresh perspectives and innovative ideas provided valuable impulses to the discussions and underscored the importance of supporting the next generation of risk management scholars. Their contributions have further enriched the diversity and intellectual vibrancy of the conference. By bringing together a distinguished group of experts from academia and practice, the conference and its proceedings have provided an in-depth examination of the challenges associated with managing risk in a rapidly changing world. The methods, insights, and case studies presented here are intended to inspire further research, reflection, and collaboration among all those committed to advancing the discipline and practice of risk management.}, subject = {Risk Management}, language = {en} } @article{ParkPaientko, author = {Park, Bomee and Paientko, Tetiana}, title = {Assessing the Impact of Capital Expenditure on Corporate Profitability in South Korea's Electronics Industry: A Regression Analysis Approach}, series = {Analytics}, volume = {4}, journal = {Analytics}, number = {4}, editor = {Leung, Carson K.}, publisher = {MDPI}, issn = {2813-2203}, doi = {10.3390/analytics4040036}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-22062}, abstract = {This study investigates the relationship between capital expenditure (CAPEX) and long-term corporate profitability in South Korea's electronics industry. Using panel data from 126 listed electronics firms covering 2005-2019, the research applies fixed-effects regression analysis to examine how CAPEX influences profitability, measured by EBITDA/total assets. The results confirm that CAPEX exerts a positive and statistically significant long-term effect on profitability, with stronger but not significantly different impacts for large firms compared to SMEs. The findings contribute to empirical evidence on capital investment efficiency and the implications of economies and diseconomies of scale in capital-intensive industries.}, language = {en} } @article{KochBeyer, author = {Koch, Florian and Beyer, Sarah}, title = {A gift from heaven: Google's Environmental Insights Explorer and its tech-down approach to monitor urban sustainability beyond local contexts}, series = {Urban Studies}, journal = {Urban Studies}, publisher = {Sage}, doi = {https://doi.org/10.1177/00420980251340280}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-20996}, pages = {1 -- 36}, abstract = {Google's Environmental Insights Explorer (EIE) exemplifies a tech-down approach by leveraging proprietary data, machine learning, and artificial intelligence to analyze urban greenhouse gas (GHG) emissions, solar potential, and tree canopy coverage. While framed as a tool for cities to assess and improve sustainability, the EIE often overlooks localized contexts and depends on opaque data generation processes that follow commercial interests. This study evaluates the EIE's data assemblage through critical urban data studies, focusing on its technical and contextual stacks. It critiques the EIEs lack of transparency, dependence on proprietary data, and marginalization of local expertise. Despite its promise, the EIE raises significant concerns about power imbalances, data validity, and urban governance implications. Cities utilizing the EIE must reconcile its global standardization with specific local needs, navigating a complex landscape shaped by Google's corporate interests. The findings highlight the need for a more inclusive, context-specific approach to urban sustainability metrics that balances innovative data use with transparency and equitable stakeholder engagement. The EIE demonstrates how sustainability indicators and data are defined through a technology-driven process shaped by a private company, while neglecting local knowledge and narratives. This process - referred to as a tech-down approach - differs from both bottom-up and top-down methods of sustainability indicator selection, as well as from data philanthropy initiatives by private companies, due to its exclusive reliance on corporate data and its global scope. This study urges critical reflection on the broader implications of tech-driven urban monitoring tools like the EIE.}, subject = {Smart City}, language = {en} } @article{RufoloPaientkoDziergwa, author = {Rufolo, Alessia and Paientko, Tetiana and Dziergwa, Katrin}, title = {M\&As and Corporate Financial Performance: An Empirical Study of DAX 40 Firms}, series = {FinTech}, volume = {4}, journal = {FinTech}, number = {3}, editor = {Liu, David (Yulong) and Shahzad, Jawad Syed}, publisher = {MDPI}, issn = {2674-1032}, doi = {10.3390/fintech4030043}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-21404}, abstract = {This study examines the impact of mergers and acquisitions (M\&As) on the financial performance of firms listed in Germany's DAX 40 index. Although M\&As are a widely used strategic tool intended to create value through synergies and market expansion, existing research provides conflicting evidence about their effectiveness. Using an empirical approach, we analyze the financial data of acquiring companies before and post-M\&A transactions to evaluate changes in profitability, liquidity and solvency. Our findings suggest that financial performance does not universally improve following acquisitions. Instead, results vary significantly based on deal characteristics and internal management factors. These results suggest that, while M\&A can be a pathway to growth, success depends heavily on the quality of execution and organizational integration. This paper contributes to the ongoing debate about the effectiveness of M\&As and provides insights for corporate decision-makers, investors, and policy stakeholders.}, subject = {Mergers and Acquisitions}, language = {en} } @article{Sandberg, author = {Sandberg, Berit}, title = {Startup Culture as a Masculinity Contest: An Exploratory Study on Prevalence and Gender Dynamics}, series = {Social Sciences}, volume = {14}, journal = {Social Sciences}, number = {7}, editor = {Morando, Martina and Platania, Silvia Maria}, publisher = {MDPI}, issn = {2076-0760}, doi = {10.3390/socsci14070438}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-21075}, abstract = {Startups are often praised for their innovative power and dynamic work environments, but are also criticized for workplace cultures that perpetuate traditional masculine norms of competitiveness, workaholism, emotional resilience, and strength. This exploratory study examines the prevalence of Masculinity Contest Culture (MCC) in German startups and related gender dynamics. The Masculinity Contest Culture scale, which assesses masculine norms related to emotional resilience, physical superiority, workaholism, and aggressive competitiveness, was employed to collect data from 101 participants representing various startups. The results indicate an overall low prevalence of MCC, with slightly higher scores for strong commitment to work. Individuals from disparate gender and hierarchical status groups exhibited comparable ratings of the intensity of toxic masculinity. While the presence of female founders and supervisors did not affect MCC scores, male dominance within the work environment had a small but significant amplifying effect. Significant differences were observed based on the prevailing leadership style, indicating that a shared leadership approach is associated with the creation of a more inclusive and less toxic work environment. The results challenge commonly held assumptions about tech startups. In addition, the study highlights the need for further research into the impact of leadership dynamics on startup culture.}, subject = {Unternehmensgr{\"u}ndung}, language = {en} } @misc{CortesHidalgo, type = {Master Thesis}, author = {Cortes Hidalgo, Carlos Bernardo}, title = {From Global to Local: Tailoring International Green Hydrogen Supply Models for Sustainable Mobility}, school = {Hochschule f{\"u}r Technik und Wirtschaft Berlin}, pages = {31}, abstract = {Hydrogen is one of the most promising decarbonization technologies for the transportation sector since it only emits water vapor when produced with electrolysis. However, different aspects present a challenge for its implementation and there are currently limitations regarding hydrogen as an economy of scale. This paper analyzes the key factors for successful implementation of green hydrogen supply chains with road transportation as an end user application. In order to do so, a comprehensive literature review along with semi-structured stakeholders interviews were performed to gather real-life data of the hydrogen economy. Most of the bottlenecks for the implementation of green hydrogen are in CAPEX/OPEX costs or infrastructure, something that can be addressed by effective policy-making and a resilient supply chain design. Equally important, certain elements regarding innovation, partnerships, tailoring powertrain needs and diversification of business modes were found to be fundamental in success.}, language = {en} } @article{ZeitlerSchwarzkopf, author = {Zeitler, Marlene and Schwarzkopf, Julia}, title = {Assessing human rights due diligence in supply chains}, series = {Management Decision}, journal = {Management Decision}, publisher = {Emerald Publishing}, doi = {https://doi.org/10.1108/MD-03-2024-0583}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-22639}, pages = {1 -- 19}, abstract = {Purpose - This study aims to broaden the understanding of auditing practices of sustainability initiatives that promote sustainability standards in supply chains. We examine the extent to which the UN Guiding Principles on Business and Human Rights are embedded in such auditing practices to support the legitimacy of firms' supply chain efforts. Design/methodology/approach - Building on legitimacy theory, this study explores the role and limitations of auditing practices to contribute to the legitimacy of corporate sustainable supply chain efforts. We analyze sustainability audit protocols of selected initiatives to determine their alignment with the UN Guiding Principles. Findings - We identify key auditing gaps, specifically concerning the provision of guidance, stakeholder engagement, impact assessment, and effectiveness measurement. Our findings extend discussions on legitimacy theory by emphasizing that formally adopting auditing practices calls into question the legitimacy of common sustainable supply chain practices. Research limitations/implications - The study emphasizes that legitimacy requires substantive alignment with human rights standards, which encourages greater scholarly attention to this normative dimension. We provide recommendations for practitioners to better integrate normative standards into their auditing practices. However, our research is built on a limited sample of published audit protocols, suggesting further research on additional initiatives and their practices. Originality - This article uses academic research on sustainable supply chain practices to highlight the limitations of initiatives' auditing practices in providing normative guidance for effective human rights due diligence.}, language = {en} } @unpublished{Hafner, author = {Hafner, Ralf}, title = {Stada Revisited: A Back-of-the-Envelope Return Analysis}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:523-22625}, pages = {1 -- 3}, abstract = {Dieser Beitrag kn{\"u}pft an meine 2017 erschienene Ver{\"o}ffentlichung zu Stada (https://opus4.kobv.de/opus4-htw/344) an. In dieser untersuchte ich, unter welchen Voraussetzungen die {\"u}blicherweise geforderten Eigenkapitalrenditen f{\"u}r Private-Equity-Investoren erreicht werden k{\"o}nnen. Nachdem Stada im Jahr 2025 ver{\"a}ußert wurde, ist es nun an der Zeit f{\"u}r eine erneute Analyse. Wie bereits 2017 basiert diese ausschließlich auf {\"o}ffentlich zug{\"a}nglichen Daten.}, language = {en} }