The application of a technical trading rule, which just provides long and short signals, requires the investor to decide upon the exposure to stake in each trade. Although this position sizing (or money management) crucially affects the risk and return characteristics, recent academic literature...

Despite their impressive market success, investment certificates' benefits are puzzling from both a theoretical and an empirical viewpoint. Previous research analyzed portfoliotheoretical issues, mispricing patterns, and counterparty risk. This work highlights the impact of taxation, which has...

Cryptocurrencies are a new emergence at the intersection of technology and finance. It is therefore of particular interest whether cryptocurrencies can form a new asset class or need to be subsumed under an existing one. We find that cryptocurrencies show characteristics of a distinct asset...

Robo-Advisory is a field that has gained momentum over recent years, propelled by the increasing digitalization and automation of global financial markets. More and more money has been flowing into automated advisory, raising essential questions regarding the foundations, mechanics, and...

Frontmatter -- Inhalt -- Vorwort -- Einführung: Begriffe, Fragen und Konzepte / Beck, Hans / Scholz, Peter / Walter, Uwe -- Der innere Kreis / Müller, Klaus E. -- Verpaßte Chancen / Schmitz, Winfried -- Die ,Macht der Wenigen' in den hellenistischen Städten / Scholz, Peter -- Die Rollen des...