January 2006

ESTIMATING THE EXPECTED COST OF EQUITY CAPITAL USING ANALYSTS’ CONSENSUS FORECASTS
Holger Daske/Günther Gebhardt/Stefan Klein

ARE THE VICKREY AUCTION AND THE BDM MECHANISM REALLY INCENTIVE COMPATIBLE? – EMPIRICAL RESULTS AND OPTIMAL BIDDING STRATEGIES IN CASES OF UNCERTAIN WILLINGNESS-TO-PAY
Klaus Peter Kaas/Heidrun Ruprecht

DE-DIVERSIFICATION ACTIVITIES OF GERMAN CORPORATIONS FROM 1988 TO 2002: PERSPECTIVES FROM AGENCY AND MANAGEMENT FASHION THEORY
Alexander T. Nicolai/Thomas W. Thomas

THE IMPACT OF BUSINESS TO CONSUMER E-COMMERCE ON ORGANIZATIONAL STRUCTURE, BRAND ARCHITECTURE, IT STRUCTURE, AND THEIR INTERRELATIONS
Andreas Strebinger/Horst Treiblmaier