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The fate of the passbook : why it vanished in the US but survived in Germany during the stagflation period (1966-1983)
Knake, Sebastian - 2024
In his article, Sebastian Knake challenges the general assumption that traditional savings accounts in the US … customers communicated over prices. In the US, a peculiar combination of regulative rules forced banks, and especially savings … and savings institutions to obtain the relevant information. Thus, the fate of the passbook was sealed by the ability or …
Persistent link: https://www.econbiz.de/10015050123
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Do nonfinancial firms hold risky financial assets? Evidence from Germany
Hoang, Daniel; Silbereis, Fabian; Stengel, Raphael - 2021
firms largely follow the precautionary savings motive and do not seem to misappropriate their funds when shifting them …
Persistent link: https://www.econbiz.de/10012490916
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Are Intraday Reversal and Momentum Trading Strategies Feasible? An Analysis for German Blue Chip Stocks
Herberger, Tim Alexander; Horn, Matthias; Oehler, Andreas - 2020
The success of trading strategies that lead to abnormal excess returns based on annual/monthly investment periods has recently declined significantly. We adopt the original frameworks of De Bondt and Thaler (J Finance 40(3):793–808, 1985) and Jegadeesh and Titman (J Finance 48(1):65–91,...
Persistent link: https://www.econbiz.de/10014352111
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International capital mobility and asset demand : six empirical studies
Jansen, Willem Jos; Jansen, Willem Johannes - 1995
Persistent link: https://www.econbiz.de/10000550477
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Households' decision on capital market participation : what are the drivers? : a multi-factor contribution to the participation puzzle
Oehler, Andreas; Horn, Matthias - In: Financial services review : the journal of individual … 31 (2023) 4, pp. 283-305
Persistent link: https://www.econbiz.de/10014502293
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Subjective life expectancy and private pensions : conference paper
Bucher-Koenen, Tabea; Kluth, Sebastian - 2013
One important parameter in the decision process when buying a private annuity is individuals' subjective life expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and evaluate potential selection effects based on subjective...
Persistent link: https://www.econbiz.de/10010340956
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Illusion of expertise in portfolio decisions : an experimental approach
Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - 2001
Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...
Persistent link: https://www.econbiz.de/10011408429
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Recursive portfolio selection with decision trees
Andriyashin, Anton (contributor);  … - 2008
A great proportion of stock dynamics can be explained using publicly available information. The relationship between dynamics and public information may be of nonlinear character. In this paper we offer an approach to stock picking by employing so-called decision trees and applying them to XETRA...
Persistent link: https://www.econbiz.de/10003636039
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Banks' concentration versus diversification in the loan portfolio : new evidence from Germany
Jahn, Nadya; Memmel, Christoph; Pfingsten, Andreas - 2013
Using a unique data set on German banks' sector specific loan exposures to the real economy and the corresponding write-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common risk factors, we separate the bank-specific...
Persistent link: https://www.econbiz.de/10010233376
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Investors' portfolio choice and tax reforms : the 2008 German corporate tax reform reconsidered
Stimmelmayr, Michael - 2015 - This version: March 2015
The paper provides a comprehensive assessment of the latest German corporate income and capital tax reform, which entails a major shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable general equilibrium model with integrated capital...
Persistent link: https://www.econbiz.de/10010509614