Diese Dissertationsschrift hat die in der Praxis beliebte Unternehmensbewertung mit Multiplikatoren börsennotierter Vergleichsunternehmen zum Gegenstand. Um wissenschaftlicher Kritik an Ermessensspielräumen der Methode entgegenzutreten, werden <<intrinsische Multiplikatoren> vorgestellt, die eine Verknüpfung mit...</<intrinsische>

This dissertation contributes to the on-going discussion about the role of informed trading in the formation of efficient security prices. In Chapter II, I examine the pre-announcement periods with the temporary increases in informed trading. The findings suggest that the market can detect the...

This thesis consists of three chapters on informational frictions in financial markets. The chapters analyze problems related to markets' ability to guide real investment, and what drives liquidity. Both problems are important to ensure efficient resource allocation in the economy. The first...

Previous studies employing error correction models (ECMs) that include threshold effects in long-run equilibrium relationships (threshold cointegration) as well as in error correction (threshold autoregression; threshold ECMs; non-parametric ECMs; Markov-switching ECMs; and other forms of ECM...