Narrow search
Showing 1 - 10 of 2,307
Cover Image
Sicherheits-orientiertes Portfoliomanagement
Müller, Sebastian; Müller, Gerhard - 2005
Ende der 90er Jahre schien eine intensive Auswahl der Investments kaum notwendig, da fast jede Aktienanlage deutliche Kursgewinne versprach. Nach dem jähen Absturz an den Börsen haben die Anleger einen beträchtlichen Teil ihres Aktienvermögens verloren. Damit rücken wieder verstärkt...
Persistent link: https://www.econbiz.de/10010297049
Cover Image
Quantitative forecast model for the application of the Black-Litterman approach
Becker, Franziska; Gürtler, Marc - 2008
The estimation of expected security returns is one of the major tasks for the practical implementation of the Markowitz portfolio optimization. Against this background, in 1992 Black and Litterman developed an approach based on (theoretically established) expected equili-brium returns which...
Persistent link: https://www.econbiz.de/10010307934
Cover Image
Analysts' dividend forecasts, portfolio selection, and market risk premia
Breuer, Wolfgang; Feilke, Franziska; Gürtler, Marc - 2007
of estimating return moments, in particular return expectations. We analyze the consequences of using return estimates … risk premia with implied returns, because estimation techniques with good performance results are hardly suited to describe …
Persistent link: https://www.econbiz.de/10010307943
Cover Image
Implied rates of return, the discount rate effect, and market risk premia
Breuer, Wolfgang; Gürtler, Marc - 2010
We show analytically under quite general conditions that implied rates of return based on analysts' earnings forecasts … risk premia. The extent of this bias is substantial as verified by a bootstrap approach. We present an alternative … estimation equation for future expected one-period returns based on current and past implied rates of return that is superior to …
Persistent link: https://www.econbiz.de/10010307947
Cover Image
Die Konstruktion eines Performanceindexes für geschlossene Schiffsfonds
Drobetz, Wolfgang; Tegtmeier, Lars; Topalov, Mihail - In: Kredit und Kapital 45 (2012) 1, pp. 79-113
December 1996 to December 2007. Moreover, we examine the risk-return characteristics of closed-end ship funds and compare them …
Persistent link: https://www.econbiz.de/10014522867
Cover Image
Anreizwirkungen und Bewertung von Erfolgsbeteiligungen im Portefeuillemanagement
Gillenkirch, Robert M. - Universität <Frankfurt, Main> / Fachbereich … - 1997
Performance fees for portfolio managers are designed to align the managers' goals withthose of the investors and to motivate managers to aquire "superior" information and tomake better investment decisions. A part of the literature analyzes performance fees on thebasis of market valuation. In...
Persistent link: https://www.econbiz.de/10005840405
Cover Image
Das Crowdinvesting-Modell für Startups - keine Assetklasse für schwache Nerven
Petry, Markus; Ulutaş, Soner - 2021
returns on the few successful companies. The problems are mainly the risk classification by the platforms, adverse selection …
Persistent link: https://www.econbiz.de/10013439917
Cover Image
On the protective effects of European sustainable stocks during the Russian invasion of Ukraine
Kick, Andreas; Rottmann, Horst - 2024
Sustainable investments remain popular, attracting investors and researchers alike. Especially the tail-risk properties …
Persistent link: https://www.econbiz.de/10014470203
Cover Image
Anreizwirkungen und Bewertung von Erfolgsbeteiligungen im Portefeuillemanagement
Gillenkirch, Robert M. - 1997
Performance fees for portfolio managers are designed to align the managers' goals with those of the investors and to motivate managers to aquire superior information and to make better investment decisions. A part of the literature analyzes performance fees on the basis of market valuation. In...
Persistent link: https://www.econbiz.de/10010316252
Cover Image
Sicherheits-orientiertes Portfoliomanagement
Müller, Sebastian; Müller, Gerhard - Hochschule <Wismar> / Fachbereich Wirtschaft - 2005
Ende der 90er Jahre schien eine intensive Auswahl der Investments kaum notwendig, da fast jede Aktienanlage deutliche Kursgewinne versprach. Nachdem jähen Absturz an den Börsen haben die Anleger einen beträchtlichen Teilihres Aktienvermögens verloren. Damit rücken wieder verstärkt...
Persistent link: https://www.econbiz.de/10005863391