"This paper proposes a new tractable approach to solving multi-period asset allocation problems. We assume that investor preferences are defined over moments of the terminal wealth distribution such as its skew and kurtosis. Time-variations in investment opportunities are driven by a regime...

Anspruchsvoller Titel des emeritierten Professors an der Uni Innsbruck (u.a. Financial Economics, Finanzanalyse). Schredelseker bietet Ergebnisse aus der Kapitalmarktforschung anschaulich und präzise abgeleitet dar mit dem Ziel, Anlegern ein tieferes Verständnis des Finanzmarkts zu vermitteln....

"This paper looks at the role of both commercial and investment banks in providing merger advisory services. In this area, unlike some areas of investment banking, commercial banks have always been allowed to compete directly with investment banks. In their dual role as lenders and advisors to...