We distinguish exogenous liquidity, which corresponds to the variability of bid-ask spreads for usual-sized transactions, from endogenous liquidity, which we interpret as the impact of liquidity on market prices when liquidating larger positions. Endogenous liquidity measures the risk that the...

Originating the derivative -- Social theory and the market for the production of financial knowledge -- Outline of a social theory of finance -- Temporality and the financial markets -- Theorizing the financial markets socially -- Rituality and the production of financial markets -- The...

What is the current state of development of institutional investors in Latin America? What are the requirements of the financial infrastructure and the regulatory framework to encourage the growth of the institutional sector in Latin America? What policy expertise can Latin America and OECD...

Deckblatt -- Titelseite -- Impressum -- Inhaltsverzeichnis -- Vorwort -- I Entscheidungsrahmen und entscheidungstheoretische Grundlagen -- I.1 Das Dilemma der Entscheidung - zwischen Emotion und Selbstregulation -- I.1.1 Neuroanatomie und kognitive Fähigkeiten -- I.1.1.1 Gehirn - zentrales...

Mit der Finanzkrise ist auch die klassische ökonomische Theoriebildung in eine Krise geraten: In effizienten Märkten sollte es eigentlich keine Asset-Blasen und Börsencrashs geben. Als interdisziplinärer Ansatz der Wirtschaftswissenschaften und der Physik besteht der Anspruch der...

Elfi Ettinger focuses her research on how financial consultants perceive, explain, and interpret their commitment at work based on their collective reality of actions and behavior. She analyzes which organizational performance variables consultants associate with their commitment at work, and...