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 …-sectional variation in equity returns. He shows that an alternative modeI which includes the real estate factor performs as well as or …

Charakteristisch für Emerging Markets sind hohe Aktienrenditen und eine geringe Korrelation mit den Aktienrenditen der … ausgewählten Emerging Markets untersucht Frank Herrmann, ob sich für die beiden genannten Entwicklungen empirische Belege finden … Emerging Markets und nimmt eine eigenständige Modellerweiterung zur Anpassung der Mittelwertgleichung vor. Beim empirischen …

: Static Portfolio Theory: CAPM and Extentsions -- Consumption Based Asset Pricing Models -- Asset Pricing Models with ….-Advanced Modeling of Asset Markets: Agent Based and Evolutionary Modeling of Asset Markets -- Behavioral Models of Dynamic Asset Pricing …. This financial economics text focuses on the dynamic interaction of financial markets and economic activity. The financial …

Emerging markets have received a particular attention of academic researchers and practitioners since they decided to … open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that … theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and …

process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (MA … return predictability and show that capital markets are not perfectly efficient. … process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (MA …

This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still … aspects of the internal and external environment within which exchange organizations act. Equity Markets in Transition … have opened new possibilities for exchange organizations and for equity markets as a whole, including such issues as the …