Stephan Hoppe – författare

Seminar paper from the year 2015 in the subject Business economics - Investment and Finance, grade: 1,7, University of Applied Sciences Essen, language: English, abstract: "e;The Portfolio Theory"e; by Harry Markowitz, the "e;Capital Asset Pricing Model"e; by William Sharpe and the concept of the "e;Homo Oeconomicus"e; of Adam Smith - all of these models that are taught to business students and referred to by financial specialists all over the world are based on the assumption of the fundamental efficiency of markets. Market analysts build their substantial economic and financial predictions on the supposition that investors and corporations always behave and decide rationally. Consequently there would not be a chance that manias, panics or crashes ever occur. Nevertheless there were various speculation bubbles in the past such as the 1929 Stock-market-crash, the Dot-com bubble starting 1997 and the US-Subprime crisis as of 2007. So stock prices show fluctuations that cannot be only elucidated by economic factors. Moreover there are studies that come to the conclusion that there is only a low correlation between share prices and fundamental data. Concomitant new research approaches deployed that either developed the existing models further or even created a complete paradigmatic change. Nowadays when it comes to explaining the occurrences on the stock markets the field of psychology and the behavioral science gain in relevance. However the following question arises: Can the theory of Behavioral Finance depict the reality on stock markets and its participants and does it make a contribution for the progression in the Capital Market Theory?Yet there are some approaches that attempted to answer this question but there is no scientific consensus about it. Hence this term paper should accomplish a concise but fundamental contribution for the contemplation of this topic.

Seminar paper from the year 2014 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,7, University of Applied Sciences Essen, language: English, abstract: The national crisis of the American banking system developed to a multinational crisis of the financial world and finally ended in an international implosion of the world's economic system. The experts discuss how to stabilize this system in order to avoid a further collapse and critics reveal that the current crisis is the proof of failure of our traditional banking system. As a consequence of the financial crisis in 2007, a higher attendance of discussing alternative banking systems aroused the interest of this paper. The Islamic banking sector survived that crisis without having any insolvencies and governmental help as it could be observed in the western world. In contrast to the western banking system, the modalities of financial transactions are characterized among many other features by its connection to real economy and abdication of interest-bearing or speculative investments. This term paper will deal with the question wether the Islamic Banking could represent an alternative the predominating system in Germany. One aspect of this thesis will be if the Islamic system could replace the German one in the future. Firstly each culture will be analyzed and afterwards compared on the basis of Hofstede s cultural studies. The main part will take care of the practical application of the theoretical elements by a result evaluation and critical analysis of the above-mentioned thesis. In section four a conclusion will be drawn as well as an outlook will be given on future development potentialities in the field of Islamic Finance .

This volume proposes a shift in the way we study historic spaces, moving from predominantly visual hermeneutics towards a cognitively informed, multisensory approach that considers light, sound, climate and movement as integral aspects of architectural experience. The premise is simple yet far-reaching. Historic rooms and ensembles were not merely passive containers for artworks or rituals; rather, they were dynamic perceptual spaces whose effects emerged from the interaction of material form and the people who experienced them. Recent advances in digital recording, simulation and sensor-based measurement enable us to describe these interactions with a precision that was previously unavailable to the humanities. New research approaches based on 3D, light, and sound simulationInterdisciplinary contributions from international researchers