This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...

We study return predictability of stock indexes of blue chip firms and smaller hightechnology firms in Germany, France, and the United Kingdom during the second half of the 1990s. We measure return predictability in terms of first-order autocorrelation coefficients, and find evidence for return...

Diese Studie ist eine Bestandsaufnahme der Arbeitsmarktpolitik und ihrer Wirksamkeit unter den sich verändernden Arbeitsmarktbedingungen der 70er und 80er Jahre. Nach einem kurzen Überblick über den historischen Hintergrund und über die institutionellen Rahmenbedingungen (Kapitel 1) werden...

We study the link between underpricing of initial public offerings (IPOs) and index excess returns in secondary markets. We use a theoretical model to argue that underpricing of IPOs raises investors’ attention and, thereby, triggers investments in secondary markets. Our theoretical model...