In dieser Arbeit wird eine algorithmische Anlagestrategie untersucht, die auf paarweise kointegrierten Assets basiert. Das Kernstück solcher Strategien bildet das Auffinden von handelbaren Linearkombinationen aus mindestens zwei Assets. Ein intuitiver Ansatz, um solche Linearkombinationen...

Die vorliegende Dissertation beinhaltet drei Beiträge, welche sich mit verschiedenen Aspekten der Dynamischen Asset Allokation befassen. Letztere beschreibt die Steuerung der Portfolioallokation eines Investors im Verlauf der Investitionsphase angesichts eines sich wandelnden Marktumfeldes und...

We estimate the causal effect of wealth on stock market participation using administrative data on Swedish lottery players. A $150,000 windfall gain increases stock ownership probability among pre-lottery non-participants by 12 percentage points, while pre-lottery stock holders are unaffected....

Navigating the investment minefield -- Common investing mistakes : round one -- Common investing mistakes : round two -- How behavioral biases can hurt your investing -- Trap 1 : becoming a victim of pyramid and Ponzi schemes -- Trap 2 : being deceived by other investment frauds -- Trap 3:...

Forward -- Acknowledgments -- Preface -- The need for global adoption of international financial reporting standards : post enron consequences and the restoration of confidence to capital markets -- Mitigating information asymmetries in capital markets : the audit expectations gap -- Value...

Introduction -- Loving to learn -- Science is my playground -- Physics and mathematics -- Las Vegas -- Conquering blackjack -- The day of the lamb -- Card counting for everyone -- Players versus casinos -- A computer that predicts roulette -- An edge at other gambling games -- Wall Street: the...

Acknowledgements -- What and why are shares? -- What are bonds and gilts? -- The complicated world of derivatives -- Foreign shares -- How to pick a share -- Tricks of the professionals -- Where to find advice and information -- What does it take to deal in shares? -- How to trade in shares --...

Acknowledgments -- Introduction -- The basics -- Why commercial real estate? -- Real estate 101 -- Assembling the team -- Getting the money -- The big six formula -- Location : planting investment roots -- Building quality and design efficiency : ensuring the long-term viability of your...

We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We document an economically significant correlation of...

"This book is designed to provide a good understanding of the field of investments while stimulating interest in the subject. This understanding is valuable because each of us must make various investment decisions during our lifetimes--definitely as individuals, and pos- sibly in our chosen...