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The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10011742914
Asset allocation is the most influential factor driving investment performance. While researchers have made substantial progress in the field of asset allocation since the introduction of mean-variance framework by Markowitz, there is little agreement about appropriate portfolio choice for...
Persistent link: https://www.econbiz.de/10009437693
The traditional Markowitz mean-variance portfolio optimization theory uses volatility as the sole measure of risk. However, volatility is flawed both intuitively and theoretically: being symmetric it does not differentiate between gains and losses; it does not satisfy an expected utility...
Persistent link: https://www.econbiz.de/10009460768
Das Vertrauen der Verbraucher in die Finanzdienstleistungsbranche hat in den letzten Jahren stark abgenommen und befindet sich auf einem Tiefpunkt. Schuld an dieser Situation sind oftmals die Strukturen der verkaufsorientierten Finanzberatung. Ein häufig genanntes Problem in diesem Zusammenhang...
Persistent link: https://www.econbiz.de/10010341236
This thesis strives to offer new insights in two main areas. First, in the well-researched domain of payment cards chapters 2 and 3 investigate an aspect that has hitherto been scantly examined, namely, the fact that merchant usage fees differ substantially among merchant sectors. Additionally,...
Persistent link: https://www.econbiz.de/10009546983
Persistent link: https://www.econbiz.de/10010212785
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011742813
firm valuenegatively. Our results are in contrast with the existing literature of diversification and familyownership on …
Persistent link: https://www.econbiz.de/10009468650
-life of large corporations and for studying the impact that related and unrelated diversification in industry participation …
Persistent link: https://www.econbiz.de/10009475271
economic downturn. It is important to determine what portfolio diversification strategy to choose in that period. In the first … part of the research are analyzed theoretical assumptions of portfolio diversification and Exchange-Traded funds … characteristics as an investment vehicle and suggest that the benefit of international diversification is reducing, because of the …
Persistent link: https://www.econbiz.de/10009478384