Faced with historically low interest rates, investors are looking further into illiquid assets such as infrastructure in search of alternative sources of income, better diversification and a long-term investment perspective. This paper analyzes the key performance and risk characteristics of the...

“Participation Banks” are the final review process of the banking sector that have become indispensable for the economy of countries worldwide. Although participation banks do not have a long history, they were included in the Bank Law of 2005, and these banks are getting more attention each...

In this paper we investigate the success of recent privatization in Austria from a capital market perspective. The empirical analysis draws upon the concept of initial public offerings indexes to document the medium-run aftermarket performance of initial public offerings (IPOs). Due to certain...