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Modeling Asset Returns: A Comparison of Theoretical and Empirical Models
Lüders, Erik; Schröder, Michael - 2004
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH … model performs well, the estimation for two indices could be significantly improved by an extension which follows from the …
Persistent link: https://www.econbiz.de/10010297345
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Modeling Asset Returns: A Comparison of Theoretical and Empirical Models
Schröder, Michael; Lüders, Erik - 2004
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH … model performs well, the estimation for the German stock index could be significantly improved by an extension which follows …
Persistent link: https://www.econbiz.de/10010298005
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Asset Prices and Alternative Characterizations of the Pricing Kernel
Lüders, Erik - 2002
In a continuous-time representative investor economy with an exogenously given information process, asset prices are derived for alternative characterizations of the pricing kernel. In addition to the characterization of forward prices in a general representative investor economy a detailed...
Persistent link: https://www.econbiz.de/10010298111
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Aus der Not geboren? Besondere Merkmale und Determinanten von Gründungen aus der Arbeitslosigkeit
Niefert, Michaela; Tchouvakhina, Margarita - 2006
In dieser Studie werden Gründungen aus Arbeitslosigkeit der Jahre 2003 und 2004 inklusive der seit Anfang 2003 geförderten Ich-AGs auf repräsentativer empirischer Basis analysiert. Es zeigt sich, dass Gründungen aus Arbeitslosigkeit im Durchschnitt kleiner sind als andere Gründungen und...
Persistent link: https://www.econbiz.de/10010297518
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Is the Behavior of German Venture Capitalists Different? Evidence from the Neuer Markt
Tykvová, Tereza - 2003
Using a unique, hand-collected database of all venture- backed firms listed on Germany's Neuer Markt, we analyze the history of venture capital financing of these firms before the IPO and the behavior of venture capitalists at the IPO. We can detect significant differences in the behavior and...
Persistent link: https://www.econbiz.de/10010297295
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The Dynamics of Overconfidence: Evidence from Stock Market Forecasters
Deaves, Richard; Lüders, Erik; Schröder, Michael - 2005
As a group, market forecasters are egregiously overconfident. In conformity to the dynamic model of overconfidence of Gervais and Odean (2001), successful forecasters become more overconfident. What?s more, more experienced forecasters have ?learned to be overconfident,? and hence are more...
Persistent link: https://www.econbiz.de/10010297495
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Institutional investment in Central and Eastern Europe: investment criteria of Western portfolio managers
Köke, Jens - 1999
This study provides detailed evidence on the transistion state of Central and Eastern Europe (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds thereby making use of the knowledge of experts in CEE markets. The approach of the study is...
Persistent link: https://www.econbiz.de/10010297635
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Education and Unemployment: A French-German Comparison
Lauer, Charlotte - 2003
examines the impact of education on both risk components. France faces a higher unemployment rate than West-Germany, due to a … graduates face a higher risk of getting unemployed in Germany than in France. Concerning the reemployment prospects of the … unemployed, they are better in France than in West-Germany at all education levels, but particularly for the unemployed with a …
Persistent link: https://www.econbiz.de/10010297286
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Employment of Mothers After Childbirth: French-German Comparison
Weber, Andrea Maria; Lauer, Charlotte - 2003
mothers are higher in France than in Germany. Since the sample of mothers deciding on employment after a child is born might … characteristics appear to affect both the birth and the employment decisions in a different way in France and Germany. Some of the …
Persistent link: https://www.econbiz.de/10010297301
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Measuring Selectivity-Corrected Gender Wage Gaps in the EU
Heinze, Anja; Beninger, Denis; Beblo, Miriam; Laisney, … - 2003
We investigate different techniques to assess the gender pay gap in five EU countries (France, Germany, Italy, Spain …
Persistent link: https://www.econbiz.de/10010297340