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...

Moral und Ökonomie -- Moralische Präferenzen auf Kapitalmärkten: Relevanz und Auswirkungen auf der Mikroebene -- Moralische Präferenzen auf Kapitalmärkten: eine theoriebasierte Betrachtung der induzierten Auswirkungen auf der Makroebene -- Systematische Kapitalmarktreaktionen auf...

“It is an excellent read book and provides readers with some truly interesting insights into the dynamics of OIC markets. A comprehensive and rigorous study. Highly recommended for both academics and professionals.” - Dr Syed Aun R. Rizvi, (Lahore University of Management Sciences,) Pakistan...

Statistische Eigenschaften von Handelsvolumina auf Aktienmärkten -- Theoretische Analysen zur Rolle des Handelsvolumens auf Aktienmärkten -- Kontemporärer Zusammenhang zwischen Aktienrenditen und Handelsvolumina -- Ereignisinduzierte Marktreaktionen: Preis- und Volumenseffekte am Beispiel von...

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...

This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such...

Um die klassische Eventstudie zu erweitern, entwickelt Waldemar Wagner ein theoriegestütztes Verfahren. Hierfür verwendet der Autor die Methoden der Theorien Nichtlinearer Dynamischer Systeme, um neben den linearen Abhängigkeiten in ökonomischen Zeitreihen auch die Existenz und zeitliche...

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...

Literature Review -- Return Predictability and the Real Economy -- Study Design and Data -- Empirical Part I - Testing for Predictability -- Forecasting Models -- Empirical Part II - Investment Strategies -- Conclusion

Restructuring and, therein, divestitures have become an indispensable element of corporate strategy for many firms. Divestitures, defined as a firm’s decision to dispose of a significant portion of its assets, can increase a firm’s strength by changing its asset structure and its resource...