Narrow search
Showing 1 - 10 of 59
Cover Image
Financial literacy and stock market participation
van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob J. M. - Center for Financial Studies - 2007
of stocks and bonds, the concept of risk diversification, and the working of financial markets. We also find that the …
Persistent link: https://www.econbiz.de/10010958673
Cover Image
Financial literacy and retirement preparedness: Evidence and implications for financial education programs
Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2007
that many households are unfamiliar with even the most basic economic concepts needed to make saving and investment …
Persistent link: https://www.econbiz.de/10010958719
Cover Image
Private equity-, stock- and mixed asset-portfolios: A bootstrap approach to determine performance characteristics, diversification benefits and optimal portfolio allocations
Schmidt, Daniel - Center for Financial Studies - 2003
market risk. From the viewpoint of unconstrained investors with complete investment freedom, risk can be optimally reduced by …In this article, we investigate risk return characteristics and diversification benefits when private equity is used as … and simultaneous investment simulation in stocks, as well as the construction of stock portfolios for benchmarking …
Persistent link: https://www.econbiz.de/10010958618
Cover Image
Self-protection and insurance with interdependencies
Kunreuther, Howard; Muermann, Alexander - Center for Financial Studies - 2007
We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of …
Persistent link: https://www.econbiz.de/10010986430
Cover Image
Governance und Vertragsstrukturen in der deutschen VC Industrie: Eine empirische Einschätzung
Bienz, Carsten; Hirsch, Julia; Walz, Uwe - Center for Financial Studies - 2008
Diese Arbeit analysiert die wesentlichen Elemente der Vertragsstrukturen in der Venture Capital-Industrie. Aufbauend auf einem sehr umfangreichen und detaillierten Datensatz, der die Verträge zwischen Venture Capital-Investoren und deren Portfoliounternehmen abbildet, werden die Kontroll-,...
Persistent link: https://www.econbiz.de/10010986442
Cover Image
The dynamics of venture capital contracts
Bienz, Carsten; Hirsch, Julia - Center for Financial Studies - 2005
We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure milestone financing, pure round financing and...
Persistent link: https://www.econbiz.de/10010986443
Cover Image
The role of the value added by the venture capitalists in timing and extent of IPOs
Tykvová, Tereza - Center for Financial Studies - 2003
We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two financing periods. A longer venture capitalist's...
Persistent link: https://www.econbiz.de/10010986467
Cover Image
Venture capital exit rights
Bienz, Carsten; Walz, Uwe - Center for Financial Studies - 2008
Theorists argue that exit rights can mitigate hold-up problems in venture capital. Using a hand-collected data-set of venture capital contracts from Germany we show that exit rights are included more frequently in venture capital contracts when a hold-up problem associated with the venture...
Persistent link: https://www.econbiz.de/10010958744
Cover Image
Going public - going private: The case of VC-backed firms
Gill, Andrej; Walz, Uwe - Center for Financial Studies - 2012
We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...
Persistent link: https://www.econbiz.de/10010958816
Cover Image
Money-back guarantees in individual pension accounts: Evidence from the German pension reform
Maurer, Raimond H.; Schlag, Christian - Center for Financial Studies - 2002
The German Retirement Saving Act instituted a new funded system of supplementary pensions coupled with a general reduction in the level of state pay-as-you-go old-age pensions. In order to qualify for tax relief, the providers of supplementary savings products must offer a guarantee of the...
Persistent link: https://www.econbiz.de/10010986377