The following analysis presents empirical evidence on the investor demanded risk premium at the bond issuance. The sample consists of bonds issued by alter native energy firms in Germany between 2008 and 2012. Our results show that besides the well-known influence of ratings, other factors may...

In the course of the European sovereign debt crisis, the question has arisen as to whether the soundness of the US banking and financial system could be harmed by contagion effects. Considering the numerous downgradings of European countries in recent years, the current paper examines price...

This study analyses the implications that have emanated for non-anonymous floor trading at the Frankfurt stock exchange from the fact that the closing hour of electronic stock trading at the German stock exchange system XETRA has been advanced from 20.00 hrs to 17.30 hrs. effective as of 03...

Wird durch M&A-Transaktionen in der europäischen Bankenindustrie Shareholder Value generiert? Vor dem Hintergrund des beschriebenen scheinbaren Widerspruchs zwischen starker und jüngst erneut zunehmender M&A-Tätigkeit in der Bankenindustrie einerseits und der auf Basis der Forschung...

Investors rely increasingly on the internet for their information research, in parallel to the use of traditional news channels. Accordingly, country-specific empirical evidence demonstrates that internet search activity has predictive power over future trading volume of listed stocks. This...

It is known from the literature on the psychology of modes of behavior in stock markets that – besides other parameters – moods and emotions as personal influencing factors affect yield expectations and the risk-awareness of market participants. The constructs that may influence moods...

Wird durch M&A-Transaktionen in der europäischen Bankenindustrie Sharehol¬der Value generiert? Vor dem Hintergrund des scheinbaren Widerspruchs zwischen starker und jüngst erneut zunehmender M&A-Tätigkeit in der Bankenindustrie einerseits und der auf Basis der Forschung dokumentierten...