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This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
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This chapter discusses how applied researchers in corporate finance can address endogeneity concerns. We begin by reviewing the sources of endogeneity - omitted variables, simultaneity, and measurement error - and their implications for inference. We then discuss in detail a number of...
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an insurance context. Several financial instruments (i.e., funds, options, and stocks) are analyzed with different … policyholder liabilities can be securitized to act as alternative investments through insurance-linked securities (ILS) funds. … verbriefte Versicherungspolicen durch Insurance-Linked Securities (ILS)-Fonds als alternative Investitionsmöglichkeit bietet. …
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