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Risikofaktoren und Multifaktormodelle für den Deutschen Aktienmarkt (Risk Factors and Multi-Factor Models for the German Stock Market)

Hanauer, Matthias; Kaserer, Christoph; Rapp, Marc Steffen - 2011 - Diese Version: 14. November 2011

; Anomalies ; Fama French ; Carhart ; Risk Factors ; Value ; Size ; Momentum ; Germany …

Persistent link: https://www.econbiz.de/10009380299

The impact of order size on stock liquidity : a representative study

Stange, Sebastian (contributor); … - 2008

Liquidity, the ease of trading an asset, strongly varies between different sizes of stock positions. We analyze this aspect using the Xetra Liquidity Measure (XLM), which calculates daily, weighted spread for impatient traders transacting against the limit order book. For this measure, we have...

Persistent link: https://www.econbiz.de/10003783766

The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing

Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - 2009

first corroborate former results indicating that the accrual anomaly is also present in Germany. However, this anomaly seems …

Persistent link: https://www.econbiz.de/10003850495

The German entrepreneurial index (GEX®) : a primer on an ownership-based style index in Germany

Achleitner, Ann-Kristin; Kaserer, Christoph; … - 2009

Recent research indicates that the majority of listed firms in Germany (and also in many other countries around the … world) have a dominant owner rather than being widely-held. Hence, owner-dominated firms comprise an important subset of … listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the …

Persistent link: https://www.econbiz.de/10003919575

International financial reporting standards and earnings quality : the myth of voluntary vs. mandatory adoption

Günther, Nina; Gegenfurtner, Bernhard; Kaserer, Christoph - 2009

We revisit evidence whether incentives or IFRS drive earnings quality changes, analyzing a large sample of German firms in the period from 1998 to 2008. Consistent with previous studies we find that voluntary and mandatory adopters differ distinctively in terms of essential firm characteristics...

Persistent link: https://www.econbiz.de/10003858217

DAXplus family : ein Aktienindex zur Darstellung der Performance von Familienunternehmen

Achleitner, Ann-Kristin; Kaserer, Christoph; Kauf, Tobias; … - 2010

In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculated as price and performance indices and extend the number of investment strategy indices of Deutsche Börse Group. The DAXplus Family is an all-share index whereas the DAXplus Family 30...

Persistent link: https://www.econbiz.de/10008659201

Charakteristika und Erfolgsmerkmale junger, deutscher Unternehmen : Schwerpunkt Finanzierung

Achleitner, Ann-Kristin; Kaserer, Christoph; Wagner, … - 2004

Persistent link: https://www.econbiz.de/10009231543

Market efficiency reloaded: why insider trades do not reveal exploitable information

Dickgiesser, Sebastian (contributor); … - 2008 - This draft: February 2008

Insider trading studies related to the German market have emphasized that outside investors may earn excess returns by mimicking the transactions of corporate directors. Such a result, provided that it holds, would constitute a serious violation of the efficient market hypothesis. The results...

Persistent link: https://www.econbiz.de/10003749974

Entrepreneurship education in German speaking Europe : a mapping

Achleitner, Ann-Kristin; Kaserer, Christoph; Jarchow, Svenja - 2007 - Version: February 2007

the agenda for universities around the world. In this study, we took a look at the higher education entrepreneurship … education landscape in German-speaking Europe. We have reviewed all universities, including the technical ones, across Germany …

Persistent link: https://www.econbiz.de/10003750623

Lifting the veil of accounting information under different accounting standards : lessons learned from the German experiment

Adamek, Carmen (contributor); Kaserer, Christoph (contributor) - 2006

empirical evidence that the accrual anomaly is also present in Germany. However, this anomaly has become particularly important …

Persistent link: https://www.econbiz.de/10003751061