Search Results - person:"Löffler, Andreas"

The role of public information in capital markets with investors of unknown risk attitudes

Ball, Ryan; Hofmann, Christian; Löffler, Andreas - 2025

Persistent link: https://www.econbiz.de/10015543239

Arbitrage and non-linear taxes

Becker, Marcus; Löffler, Andreas - 2024

Persistent link: https://www.econbiz.de/10015135887

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Arbitrage and Non-linear Taxes

Becker, Marcus - 2019

Book / Working Paper

Arbitrage and non-linear taxes

Becker, Marcus; Löffler, Andreas - 2024

Persistent link: https://www.econbiz.de/10015375787

Herausforderungen bei der Unternehmensbewertung und M&A

Löffler, Andreas; Ryberg, Jonas; Steins, Stefan Arno - 2025

Persistent link: https://www.econbiz.de/10015407351

Zur Bewertung statistischer Gütekriterien in der Betaschätzung : zugleich Anmerkungen zum Aufsatz von Popp/Merkle, DB 2025 S. 271-276

Knoll, Leonhard; Kruschwitz, Lutz; Löffler, Andreas; … - 2025

Persistent link: https://www.econbiz.de/10015447093

A Stochastic Gordon-Shapiro Formula and the Equity Premium Puzzle Reconsidered

Kruschwitz, Lutz; Loeffler, Andreas - 2023

The equity premium puzzle describes the enigma between the theoretical model of consumption behavior and its empirical calibration. We believe, this puzzle is based on a logical inconsistency in which deterministic and stochastic quantities are not precisely separated: The empirical literature...

Persistent link: https://www.econbiz.de/10014350175

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A Stochastic Gordon-Shapiro Formula and the Equity Premium Puzzle Reconsidered

Kruschwitz, Lutz; Loeffler, Andreas - 2021

Book / Working Paper

Costs of capital and wealth tax : remarks on Bjerksund and Schjelderup (2022)

Kruschwitz, Lutz; Löffler, Andreas; Lorenz, Daniela; … - 2023 - Version as of October 13, 2023

This note incorporates wealth taxes in a simple asset valuation model based on discounted cash flows. Any valuation method requires an adjustment of pre-tax into post-tax costs of capital. By adopting the adjustment procedure proposed in previous literature, we show that arbitrage opportunities...

Persistent link: https://www.econbiz.de/10014383357

μ-σ games

Dulleck, Uwe; Löffler, Andreas - 2021

Risk aversion in game theory is usually modeled using expected utility, which was criticized early on, leading to an extensive literature on generalized expected utility. In this paper we are the first to apply μ-σ theory to the analysis of (static) games. μ-σ theory is widely accepted in...

Persistent link: https://www.econbiz.de/10012432539

Costs of capital and wealth tax: Remarks on Bjerksund and Schjelderup (2022)

Kruschwitz, Lutz; Löffler, Andreas; Lorenz, Daniela; … - 2023

Persistent link: https://www.econbiz.de/10014377658

Stochastische Kapitalkosten

Canefield, Dominica; Kruschwitz, Lutz; Löffler, Andreas - 2023

Persistent link: https://www.econbiz.de/10014390346