Das Buch beschreibt den aktuellen Strand der digitalen Transformation von Geschäfts-, Organisations- und Führungsmodellen der erfolgreichsten Unternehmen der Digitalwirtschaft und zeigt auf, was man von „Digitalen Stars" lernen kann.

This dissertation analyzes how asset performance relates to inflation based on 50 countries and 60 years of data. The three key findings are: a nonlinear behavior of bills, bonds, and equities against inflation, the demystification of listed infrastructure as inflation hedge, and, finally, a...

In this paper we propose a measure of systemic risk in the financial sector, the Expected Systemic Shortfall (ESS) indicator. The ESS-indicator is the product of the probability of a systemic default event and the expected tail loss in case this systemic event occurs. We compute the...

Even though infrastructure investments have gained increasing investor attention over the past decade, the empirical evidence on their risk characteristics is still limited. To fill this gap, we analyze the risk properties of a unique cross-sectional sample of more than 1,400 publicly listed...

In this paper we introduce a framework to analyze the key drivers of value creation of private equity in financial institutions and the bank holding sub-segment. We estimate the influence of market-timing, take specifications of this highly regulated industry into account, and approximate the...