Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (MA) for stock prices and examines economic links between...

Climate change and its implications for consumers and policymakers, have been discussed extensively. Adrian Renner provides a unique perspective on how stockholders react if companies move towards a carbon-conscious future. A multi-country event study approach was used to analyze stock market...

Insiderhandel im Rahmen von Kapitalmarktgeschäften ist immer wieder Gegenstand öffentlicher Diskussionen. Björn Dymke analysiert Kapitalmarkttransaktionen deutscher Unternehmensinsidern mit Wertpapieren der von ihnen geleiteten Unternehmen, sogenannte Directors’ Dealings. Er untersucht, ob...

Foreword -- Preface -- Chapter 1 Borders and Frontiers in the Internet Age -- Chapter 2 Socio-Economic Evolution of the European Union: A Frontier Perspective -- Chapter 3 What is the Electronic Frontier? -- Chapter 4 The Electronic Frontier in the European Union -- Conclusions. .

This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms...

Michael Erkens analyzes the determinants and consequences of information disclosure. He presents an empirical investigation of corporate risk management disclosures of nearly 400 firms from 20 European countries. The results show that countries’ institutional settings and cultural values are...

Einleitung, Motivation und Aufbau -- Institutionelle Grundlagen -- Überblick über die Literatur zu Aktienrückkäufen -- Datenbasis und Methodik der eigenen empirischen Untersuchungen -- Ergebnisse und Interpretation der eigenen empirischen Untersuchungen -- Zusammenfassung und Ausblick --...

Frank Ecker examines the performance of U.S. initial public offerings (IPOs) from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. The author proposes effective measures for a long-term profitable...

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...

Zugegeben ist das Studium von Bilanzen langweiliger als das Errechnen von Kurschancen mit Hilfe von Charts. Die Folge einer solchen Bequemlichkeit ist aber, dass elementare Fachbegriffe wie Kurs-Gewinn-Verhältnis, Cashflow oder Dividendenrendite breiten Kreisen von Anlageberatern unbekannt...