January 2000

The Relative Performance Puzzle
Ernst Maug

Liquidity and its Impact on Bond Prices
Alexander Kempf/Marliese Uhrig-Homburg

The Degree of Determination of National Accounting Systems - an Empirical Investigation
Anne d'Arcy

Good and Bad News for the Implementation of Shareholder-Value Concepts in decentrazied organizations
Thomas Pfeiffer

Book Review
A Primer on Decision Making: How Decisions Happen
James G. March with Chip Heath