We analyse diverse multifactor pricing models in order to determine if they allow to explain the variability of the returns on the personal Pension Plans in Spain between 1995 and 2003, as well as to find their sources of risks. We test the following models: APT, the one suggested by Chen, Roll...

Both changing investors’ behaviour and contingent events, such as financial crisis, stimulated a debate around the distribution of financial products for which an active market doesn't exist. Investing in illiquid financial instruments requires a certain degree of financial education in order...

Die Studie untersucht für Deutschland, in welchem Ausmaß intellektuelle Fähigkeiten und Persönlichkeitsmerkmale von Eltern an ihre Kinder im Jugend- und jungen Erwachsenenalter weitergegeben werden. Auf Basis repräsentativer Daten des Sozio-oekonomischen Panels (SOEP) zeigt sich, dass...

The purpose of this paper is to determine in what way certain demographic and professional characteristics influence managerial risk taking. The research is conducted using the questionnaire on a sample of middle and top level managers employed in small, medium and large Croatian hospitality...