darauf reagieren muss. Die Ergebnisse der anschließenden empirischen Studie für die Ökonomien Deutschland, USA und …

Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is … priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross … pricing story: higher asset returns must be associated with lower prices and higher risk exposure. In particular, he …

estimation …

relations, research and risk management at an Investment Holding in Munic, Germany. …

Semiparametrische Volatilitätsmodelle -- Hochfrequente und Ultra-Hochfrequente Finanzdaten -- Berechnung des Value-at-Risk …-Hochfrequente Finanzdaten Berechnung des Value-at-Risk auf Grundlage parametrischer und semiparametrischer Modelle Analyse von …

Theoretical Background -- Alternative Approaches in Portfolio Management -- Minimum Risk Portfolios -- Risk Budgeting …Risk budgeting models set risk diversification as objective in portfolio allocation and are mainly promoted from the … asset management industry. Albina Unger examines the portfolios based on different risk measures in several aspects from the …

functioning of the inducement mechanisms. For this purpose, it combines theory with empirical evidence …