goals, his risk tolerance and maybe further restrictions. Formal portfolio selection models can support the allocation …

For credit risk assessment, probability of default and correlation have to be estimated simultaneously. However, these … how many periods should be available for assessing credit risk taking account of estimation uncertainty if bootstrapping …

which include estimation uncertainty but ignore default correlation might estimate the real credit risk more correctly than …

motivate managers to aquire superior information and to make better investment decisions. A part of the literature analyzes … motivate the manager to use superior information for investment decisions concerning the managed portfolio. On the other hand …

from banks, insurance companies, investment funds and industrial enterprises. The respondents were asked to construct a … constructed from the recommendations are compared using different performance and risk measures. …

Risikoanreize umso schwächer, je stärker die Risikoaversion eines Managers ausgeprägt ist. Neben der Gestaltung der Vergütung und … diesem Zusammenhang wird festgestellt, dass durch die Gestaltung von Overcollateralization Tests Risk Shifting-Anreize von … Interessenkonflikt zwischen dem Manager und den Equity Investoren vor, wenn der Manager keinen Risk-Shifting Anreiz besitzt. Hierbei sind …