In this paper, we apply Markowitz's approach of portfolio selection to government bond portfolios. As a main feature of our analysis, we use term structure models to estimate expected returns, return variances, and covariances of different bonds. Our empirical study for the German market shows...

In this paper, we apply Markowitz's approach of portfolio selection to government bond portfolios. As a main feature of our analysis, we use term structure models to estimate expected returns, return variances, and covariances of different bonds. Our empirical study for the German market shows...

Der auf Markowitz zurückgehende My-Sigma Ansatz der Portfolioselektion ist zweifellos einStandardverfahren des modernen Portfoliomanagements. Im Bereich des Managements vonAnleiheportfolios hat dieser Ansatz jedoch vergleichsweise geringe Beachtung gefunden. Einwesentlicher Grund dafür dürfte...

In this paper, we apply Markowitz's approach of portfolio selection to government bond portfolios. As a main feature of our analysis, we use term structure models to estimate expected returns, return variances, and covariances of different bonds. Our empirical study for the German market shows...

Executive compensation is still at the forefront of not only academic research, but also policy initiatives, news stories, and nationwide discussions. Much of the intensity of the discussion has been caused by the steep increase in executive pay, especially over the 1990s when total realized CEO...

Seit der Nahrungsmittelpreiskrise 2007/08 ist die Volatilität von Nahrungsmittelpreisen wieder als wichtiges Thema in der politischen Diskussion aufgetaucht. Nicht nur die Beobachtung eines steigenden Preisniveaus, sondern auch der scheinbare Anstieg der Volatilität auf Schlüsselmärkten (vor...