This dissertation examines the investment risk profile and the inflation hedging characteristics of infrastructure investments using a global sample of listed infrastructure firms. The results challenge the conventional investor wisdom that infrastructure is generally low risk and a good...

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...

The question why firms voluntarily forgo considerable portions of their debt capacity is puzzling financial economists. Across a wide range of industries and countries, empirically observed equity ratios are significantly higher as expected by classical capital structure theories. A potential...