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Sicherheit auf See
Böhme, Hans; Sichelschmidt, Henning - 1995
Das traditionelle Modell der Schaffung von Sicherheit und der Schadenregulierung in der Seeschiffahrt hat vor allem durch das Aufkommen "offener Register" zunehmend an Funktionsfähigkeit verloren. Zugleich stellt die stark erweiterte Bedeutung des Umweltschutzes neue, in diesem Umfang früher...
Persistent link: https://www.econbiz.de/10010294985
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Deliktische Rückrufpflicht und Versicherung von Rückrufkosten
Knoerchen, André - 2003
Der Produktrückruf ist als haftungsrechtliches Phänomen seit den 70er Jahren ständig bedeutsamer geworden. Der Grund dafür liegt im Wesentlichen in der zunehmenden Differenzierung der Fertigungsprozesse, also der fortschreitenden Arbeitsteilung im Produktionsprozeß und der damit...
Persistent link: https://www.econbiz.de/10010296889
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Strategic judgment proofing
Che, Yeon-Koo; Spier, Kathryn E. - 2006
A liquidity-constrained entrepreneur needs to raise capital to finance a business activity that may cause injuries to third parties the tort victims. Taking the level of borrowing as fixed, the entrepreneur finances the activity with senior (secured) debt in order to shield assets from the tort...
Persistent link: https://www.econbiz.de/10010270352
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How much internalization of nuclear risk through liability insurance?
Schneider, Yves; Zweifel, Peter - 2002
An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of...
Persistent link: https://www.econbiz.de/10010315480
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The stable long-run CAPM and the cross-section of expected returns
Kim, Jeong-Ryeol - 2002
The capital-asset-pricing model (CAPM) is one of the most popular methods of financial market analysis. But, evidence … of the poor empirical performance of the CAPM has accumulated in the literature. For example, based on their empirical … results regarding the relation between market Beta and average return, Fama and French (1996) conclude that the CAPM is no …
Persistent link: https://www.econbiz.de/10010295722
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Testing mean-variance efficiency in CAPM with possibly non-gaussian errors: an exact simulation-based approach
Dufour, Jean-Marie; Beaulieu, Marie-Claude; Khalaf, Lynda - 2003
of Capital Asset Pricing Model (CAPM), allowing for a wide class of error distributions which include normality as a … is too restrictive when testing the CAPM. We also propose exact multivariate diagnostic checks (including tests for …In diesem Papier schlagen wir exakte likelihood-basierte Tests auf Mittelwert-Varianz- Effizienz im Rahmen des CAPM vor …
Persistent link: https://www.econbiz.de/10010295747
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The Relationship between Risk-Premium and Convenience-Yield Models
Markert, Viola; Zimmermann, Heinz - 2007
Persistent link: https://www.econbiz.de/10011390625
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Nonparametric Regression on Latent Covariates with an Application to Semiparametric GARCH-in-Mean Models
Conrad, Christian; Mammen, Enno - 2008
kernel smoothing of the conditional mean function. An asymptotic theory for the resulting kernel estimator is developed and …
Persistent link: https://www.econbiz.de/10011422182
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Mean-Variance Efficiency and Intertemporal Price for Risk
Leitner, Johannes - 2000
In a continuous time, arbitrage free, non-complete market with a zero bond, we find the intertemporal price for risk to equal the standard deviation of the discounted variance opti- mal martingale measure divided by the zero bond price. We show the Hedging Numeraire to equal the Market Portfolio...
Persistent link: https://www.econbiz.de/10010324061
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Heterogeneity of Investors and Asset Pricing in a Risk-Value World
Franke, Günter; Weber, Martin - 2001
Persistent link: https://www.econbiz.de/10010324093