Empirische Finanzmarktforschung/Empirical Finance – serie
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27 produkter
27 produkter
Häftad, Engelska, 2013
556 kr
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Against the background of the financial-cum-sovereign debt crisis, government debt managers are currently faced by a challenging environment. One key element in that respect is the analysis and forecast of interest rates, which is important for achieving the strategic objective of low borrowing costs. Anja Hubig develops a new mathematical method to estimate the term structure of interest rates, that is adopted to describe the term structure dynamics within a stochastic setting. The introduced model is capable to capture the complex behavior of the entire yield curve with a reduced set of parameters. It essentially ensures a comprehensive analysis of the costs and risks associated with individual funding strategies, and thus effectively supports the selection of a long-term optimal debt portfolio composition.
Häftad, Tyska, 2019
929 kr
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Mit Vorzugsaktien ist die Eigenkapitalfinanzierung von Wachstumsinvestitionen, Unternehmensübernahmen und Sanierungen möglich, ohne die Mehrheitsverhältnisse in den Gesellschaften nachhaltig zu beeinträchtigen. Stefan Daske zeigt in seiner Studie auf, dass der Kurs der Stammaktien im langjährigen Mittel um etwa 16 % über dem Kurs der Vorzugsaktien liegt, während Vorzugsaktien nicht nur eine höhere Dividendenrendite, sondern auch eine höhere Gesamtrendite erzielen. In der Analyse werden neben makroökonomischen auch unternehmensindividuelle Erklärungsansätze untersucht, z. B. der Einfluss der Stimmrechtsverteilung.
Häftad, Tyska, 1997
468 kr
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Häftad, Tyska, 1997
519 kr
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Volatilitätsprognose Mit Faktor-Garch-Modellen: Eine Empirische Studie Für Den Deutschen Aktienmarkt
Häftad, Tyska, 1997
468 kr
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Häftad, Tyska, 1998
571 kr
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Häftad, Tyska, 1998
519 kr
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Häftad, Tyska, 1999
571 kr
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Häftad, Tyska, 1999
571 kr
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Häftad, Engelska, 2000
555 kr
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Ten years ago, most textbooks on financial management advocated the thesis that stock returns are essentially unpredictable. This theory is called the Random Walk Approach to the development of asset prices. The approach said that the stock market is subject to random changes, which are, by definition, unpredictable. Apparent predictabilities, if ever discovered, were either dismissed as statistical artifacts or as data that cannot be exploited after transaction costs. In the meantime, the world of financial economics has turned upside down. We now realize clearly that returns are indeed predictable to a large extent. Recent studies have confirmed that U.S. stock returns are highly predictable. In this new research context, Judith Klahn posed the question whether German stock returns follow the same pattern. The predictability of German stock returns is the topic of her thesis. She is in a position to identify the relevant variables in the German context. Her basic result is that the driving forces of the German stock market and the U.S. stock market differ in most aspects. According to the Handelsblatt, Judith Klahn's statement is: "Deutscher Aktienmarkt ist kaum mit der Wall Street vergleichbar" (No. 120, June 25, 1999, p. 47).
Häftad, Tyska, 2001
571 kr
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Häftad, Tyska, 2000
622 kr
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Häftad, Tyska, 2001
571 kr
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Häftad, Tyska, 2001
571 kr
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Häftad, Tyska, 2001
673 kr
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Häftad, Tyska, 2001
571 kr
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Häftad, Tyska, 2003
878 kr
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Sascha Wilkens analysiert die Eignung endlicher Mischungen von Verteilungen fur Zwecke der Optionsbewertung und geht dabei u.a. auch auf wichtige Implikationen fur das Risikomanagement ein. Die Mischungsmodelle werden anhand einer Datenbasis aus mehrjahrigen Transaktionsdaten von DAX-, DAX-Aktien- und Euro-Bund-Future-Optionen empirisch untersucht.
Häftad, Tyska, 2005
622 kr
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Häftad, Tyska, 2004
724 kr
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Im Rahmen einer Ereignisstudie analysiert Michael Rau die Profitabilitat der offen gelegten Eigengeschafte von Unternehmensinsidern sowie die Marktreaktionen auf die Ankundigung der Transaktionen. Die empirischen Erkenntnisse leisten einen Beitrag zur gegenwartigen Diskussion von Notwendigkeit und Ausgestaltung einer Pflichtveroffentlichung dieser Directors' Dealings.
Häftad, Tyska, 2009
673 kr
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Häftad, Tyska, 2005
693 kr
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Häftad, Tyska, 2005
519 kr
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Häftad, Tyska, 2006
571 kr
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Häftad, Engelska, 2006
555 kr
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Interest in the Latin American emerging markets (LAEM) has increased considerably in recent years. However, in their stock markets the price determination process and how it compares with that of developed markets is still an open issue. Thus far, the LAEM and most of the emerging markets may have, as it is often claimed, paid a price for being too different, that is, for having weak institutions, failed macroe- nomic programs, political instability, poor corporate governance, and high trading costs. Although they may have indeed suffered for these reasons, this claim ignores the heterogeneity that exists among emerging markets regarding their market devel opment and institutional infrastructure (Yilmaz (2001)). Practitioners still think that the LAEM may lower an international investor's unconditional portfolio risk. In view of this belief concerning emerging markets, the present thesis seeks to answer three sets of questions: (1) What are the investment laws in the LAEM and how do they compare to developed countries? (2) How heterogeneous are the implicit trading costs in the LAEM and which factors are responsible for the heterogeneity? And how dif ferent is the implicit trading cost of the LAEM from the developed stock markets? And (3) does the predictability of stock returns in the LAEM differ from those docu mented for developed markets? A large number of investigations in modem financial economics have been dedicated to quantifying the trade-off between risk and expected returns of financial securities.
Häftad, Tyska, 2006
622 kr
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Häftad, Tyska, 2006
724 kr
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Häftad, Tyska, 2006
724 kr
Skickas inom 10-15 vardagar