Narrow search
Showing 1 - 10 of 3,174
Cover Image
Einflussfaktoren von Immobilienpreisen bei Renditeobjekten
Fest, Martin; Gürtler, Marc; Heithecker, Dirk - 2006
Die Immobilienbewertung von Renditeobjekten erfolgt in Deutschland derzeit überwiegend über das so genannte … das Ziel des vorliegenden Beitrags in der Analyse von Determinanten des Diskontierungszinses im Rahmen der Bewertung von …
Persistent link: https://www.econbiz.de/10010307956
Cover Image
Reasonable people did disagree: Optimism and pessimism. About the US housing market before the crash
Gerardi, Kristopher S.; Foote, Christopher L.; Willen, … - 2010
Understanding the evolution of real-time beliefs about house price appreciation is central to understanding the U.S. housing crisis. At the peak of the recent housing cycle, both borrowers and lenders appealed to optimistic house price forecasts to justify undertaking increasingly risky loans....
Persistent link: https://www.econbiz.de/10010282748
Cover Image
Representations for optimal stopping under dynamic monetary utility functionals
Krätschmer, Volker; Schoenmakers, John G. M. - 2009
In this paper we consider the optimal stopping problem for general dynamic monetary utility functionals. Sufficient conditions for the Bellman principle and the existence of optimal stopping times are provided. Particular attention is payed to representations which allow for a numerical...
Persistent link: https://www.econbiz.de/10010276719
Cover Image
Das Äquivalenzprinzip der Finanzmathematik
Walther, Ursula - 2002
Das Äquivalenzprinzip der Finanzmathematik vergleicht und bewertet Zahlungsströme. Dazu ist eine Bewertung von Zeit und … von Unsicherheit notwendig. Aus einem mathematischen Blickwinkel gesehen ist die Bewertung eine Äquivalenzrelation. Diese … Bewertung der Unsicherheit stehen sich das klassische Bernoulli-Prinzip mit individuellen Präferenzen und die …
Persistent link: https://www.econbiz.de/10010305677
Cover Image
Communication and decision-making by central bank committees: different strategies, same effectiveness?
Ehrmann, Michael; Fratzscher, Marcel - 2005
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking process in the committee. The paper shows that the Federal...
Persistent link: https://www.econbiz.de/10011604534
Cover Image
Immobilienbewertung mit dem Realoptionsverfahren: Eine Umsetzungsstudie
Brenner, Steffen; Härdle, Wolfgang Karl; Schulz, Rainer - 2003
Die vorliegende Studie untersucht den Realoptionsansatz als Bewertungsverfahren für unentwickelte Immobilien. Im Gegensatz zu klassischen Bewertungsverfahren berücksichtigt das Realoptionsverfahren explizit die Unsicherheit zukünftiger Mieterträge und die daraus folgenden...
Persistent link: https://www.econbiz.de/10010296455
Cover Image
The origins of the Platonic approach to monetary systems: Retracing European and Chinese monetary thoughts on Chartalism, Nominalism, and the origins of monetary systems
Tymoigne, Éric - 2024
A monetary approach that combines Chartalism, Nominalism, and Command origins of monetary systems is often deemed to have emerged only recently, while the Aristotelian approach (Commodity, Metallism, and Market origins of monetary systems) is the only one that existed until the end of the...
Persistent link: https://www.econbiz.de/10015189321
Cover Image
Enhancing stock market anomalies with machine learning
Azevedo, Vitor; Hoegner, Christopher - In: Review of Quantitative Finance and Accounting 60 (2022) 1, pp. 195-230
We examine the predictability of 299 capital market anomalies enhanced by 30 machine learning approaches and over 250 models in a dataset with more than 500 million firm-month anomaly observations. We find significant monthly (out-of-sample) returns of around 1.8–2.0%, and over 80% of the...
Persistent link: https://www.econbiz.de/10015191612
Cover Image
On the Valuation and Analysis of Risky Debt: A Practical Approach Using Rating Migrations
Fischer, Edwin O.; Kampl, Lisa-Maria; Woeckl, Ines - In: Credit and Capital Markets – Kredit und Kapital 56 (2023) 3-4, pp. 287-312
This paper is concerned with the valuation and analysis of risky debt instruments with arbitrary interest and principal payments subject to default risk. We use a discrete risk-neutral present value model with expected payments for risk-neutral investors and risk-free spot rates for the...
Persistent link: https://www.econbiz.de/10015191618
Cover Image
The Value Impact of Using Total Market Return and its Implications for Valuation Practice
Baumgartner, Johannes; Schüler, Andreas - In: Credit and Capital Markets – Kredit und Kapital 56 (2023) 3-4, pp. 389-418
The objective of this paper is to analyze the suitability of the Total Market Return approach within the requirements of the capital asset pricing model, and for the purpose of business valuation, particularly in light of its endorsement by the institute of German auditors (IDW). First, we...
Persistent link: https://www.econbiz.de/10015191665