Das vorliegende Papier präsentiert das Konzept der Verbriefung von Versicherungsrisiken (insurance-linked securities) anhand von Catastrophe Bonds. In einem ersten Teil wird das traditionelle Versicherungsgeschäft vorgestellt und auf dessen Hauptproblematiken eingegangen. In einem zweiten Teil...

When a share is lent, the lending institution often neglects to match the loan to a particular underlying share. The institution will then solicit the owner of the lent share for votes on corporate proposals, despite the owner's loss of voting rights. This “over-voting” introduces a...

This note is an experiential exercise designed for 240 students divided into eight companies of 30. The exercise uses minimal setup yet explores issues of leadership, organizational design, organizational change, and building a learning organization. It is designed for a five-hour session...

This note is an experiential exercise designed for 240 students divided into eight companies of 30. The exercise uses minimal setup yet explores issues of leadership, organizational design, organizational change, and building a learning organization. It is designed for a five-hour session...

This paper uses S&P100 data to examine the performance of pairs trading portfolios that are sorted by the significance level of cointegration between their constituents. We find that portfolios that are formed with highly cointegrated pairs, named as "supercointegrated", yield the best...