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Ja, der Ablauf der Lock-up-Frist ist ein kursrelevantes Ereignis. Wir untersuchen Kursreaktionen auf das Ende der Lock-up-Frist bei 142 Unternehmen des Neuen Marktes. Da der Ablauf der Sperrfrist bereits zum Zeitpunkt des Börsengangs bekannt ist, erwarten wir bei einem...
Persistent link: https://www.econbiz.de/10010316317
a comparative discussion on Japan, the USA, and the EU, making use of theory-based reflections. Christoph Scherrer … Workshops war es, eine theoriegestützte komparative Diskussion über die Erfahrungen in Japan, den USA und der EU zu anzuregen … USA als Indikator für ein Wachstum ohne zyklische Abschwünge gewertet werden kann. Michael Müller-Camen u. a. präsentieren …
Persistent link: https://www.econbiz.de/10010302322
are, according to the discount dividend model, annual earnings and, according to Q-theory, net worth. In December 2002 …
Persistent link: https://www.econbiz.de/10011506563
This paper investigates the effects of the ongoing changes in industrial structures arising from technology evolution and financial liberalization on the correlations of international equity markets. Results point to the greater influence of industry structures on the international co-movements...
Persistent link: https://www.econbiz.de/10010507170
Density forecasts have become quite important in economics and finance. For example, such forecasts play a central role in modern financial risk management techniques like Value at Risk. This paper suggests a regression based density forecast evaluation framework as a simple alternative to other...
Persistent link: https://www.econbiz.de/10010295725
A small strand of recent literature is occupied with identifying simultaneity in multiple equation systems through autoregressive conditional heteroscedasticity. Since this approach assumes that the structural innovations are uncorrelated, any contemporaneous connection of the endogenous...
Persistent link: https://www.econbiz.de/10010263718
). The additional fexibility is shown to make an important contribution in the estimation of empirical real-data examples. …
Persistent link: https://www.econbiz.de/10010263754
The article tests for a random walk in European equity style indexes. After briefly introducing the efficient market hypothesis, equity styles in general and the used statistical techniques (Variance Ratio Test and modified Rescaled Range Test) it is shown that a random walk in European equity...
Persistent link: https://www.econbiz.de/10010263473
This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...
Persistent link: https://www.econbiz.de/10010300320
und Verfahren, die explizit die ökonomische Theorie berücksichtigen. Hier ist insbesondere der Produktionsfunktions …
Persistent link: https://www.econbiz.de/10010316332