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Kapitalkosten
Bessler, Wolfgang; Drobetz, Wolfgang; Thies, Stefan - Universität <Gießen> / Rechts- und …; …
Finanzierungstheorie als auch für das Finanzmanagement einen besonderen Stellenwert.Im Schrifttum sind die Kapitalkosten als der …Die Ermittlung der Kapitalkosten und die adäquate Anwendung des Kapitalkostenkonzeptes habensowohl in der … Gesamtkapitalkosten oder gewichteten durchschnittlichen Kapitalkosten werdenim angelsächsischen Schrifttum als Weighted Average Cost of …
Persistent link: https://www.econbiz.de/10005868348
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Personal capability: the alternative to nationalising risk
Truss, Elizabeth; Bosanquet, Nick - Chartered Insurance Institute - 2008
CII Introduction: a consumer’s ability to understand, assess and form a personal attitude towards financial risk is a key component in building confidence in choosing and using financial products. From choosing what pension funds to invest in to deciding whether or not to take out protection...
Persistent link: https://www.econbiz.de/10005870009
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Messung und Steuerung von Risiken im Rahmen des industriellen Treasury-Managements
Wiedemann, Arnd
Risikomanagement einer Unternehmung.Das finanzielle Rentabilitätsmanagement beinhaltet das Management der Finanzstruktur, der … Unternehmensrentabilität, der Investitionen und der Kosten. Zum finanziellen Risikomanagement, dem in letzter Zeit steigende Bedeutung zukommt …
Persistent link: https://www.econbiz.de/10005845784
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Closed Form Integration of Artificial Neural Networks With Some Applications to Finance
Gottschling, Andreas; Haefke, Christian; White, Halbert - 1999
Many economic and econometric applications require the integration of functions lacking a closed form antiderivative, which is therefore a task that can only be solved by numerical methods. We propose a new family of probability densities that can be used as substitutes and have the property of...
Persistent link: https://www.econbiz.de/10005843731
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Anwendung von Real Options in der Immobilienpraxis
Maurer, Thomas - Center for Urban & Real Estate Management <Zürich> - 2006
Risikomanagement zusehends an Bedeutung. Bei der Risikoallokation spielen Derivate eine wichtige Rolle... …
Persistent link: https://www.econbiz.de/10005871161
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Common Functional Implied Volatility Analysis
Benko, Michal; Härdle, Wolfgang - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005
Trading, hedging and risk analysis of complex option portfolios depend on accurate pricing models. The modelling of implied volatilities (IV) plays an important role, since volatility is the crucial parameter in the Black-Scholes (BS) pricing formula. It is well known from empirical studies that...
Persistent link: https://www.econbiz.de/10005862325
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Implied Trinomial Trees
Čížek, Pavel; Komorád, Karel - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005
Options are financial derivatives that, conditional on the price of an underlyingasset, constitute a right to transfer the ownership of this underlying. Morespecifically, a European call and put options give their owner the right to buyand sell, respectively, at a fixed strike price at a given...
Persistent link: https://www.econbiz.de/10005862330
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Calibration Risk for Exotic Options
Detlefsen, Kai; Härdle, W. K. - Sonderforschungsbereich Ökonomisches Risiko <Berlin>
Option pricing models are calibrated to market data of plain vanillas by minimization of an error functional. From the economic viewpoint, there are several possibilities to measure the error between the market and the model. These different specifications of the error give rise to different...
Persistent link: https://www.econbiz.de/10005854720
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The limitations of no-arbitrage arguments for real options
Hubalek, Friedrich; Schachermayer, Walter - 1999
We consider an option c which is contingent on an underlying (tilde S) that is not a traded asset. This situation typically arises in the context of real options. We investigate the situation when there is a "surrogate" traded asset S whose price process is highly correlated with that of (tilde...
Persistent link: https://www.econbiz.de/10005841724
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Arbitragetheorie bei vagen Erwartungen der Marktteilnehmer
Korolev, Konstantin; Leifert, Kai D.; Rommelfanger, Heinrich - 1999
Finanzwirtschaftstheorien mit der Fuzzy Set Theorie (Theorie unscharfer Mengen)verbunden.Ziel ist es, sowohl eine einperiodige als auch eine …The neoclassical arbitrage theory is based on the assumption that market participants have thesame expectations about … classicfinancial theories and fuzzy-logic theory. Payoffs are now described by fuzzy numbers. Thismeans that, based on their private …
Persistent link: https://www.econbiz.de/10005840357