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This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...
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Was beeinflusst den Studienerfolg eines betriebswirtschaftlichen Studiums in Form der erreichten Abschlussnote? Aus der Perspektive der Studierenden, der staatlichen Hochschulpolitik und der Hochschulen sind dabei unterschiedliche Einflussfaktoren von Bedeutung: Die Note der...
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While in the US stock-based incentives are commonly used since the 50s of the last century, in Germany they were …-based long-term incentives account for less that 23% of the overall compensation to members of the management board. Our …
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