We provide evidence that the development and adoption of Generative AI is driving a significant technological shift for firms and for financial research. We review the literature on the impact of ChatGPT on firm value and provide directions for future research investigating the impact of this...

"There is a link between finance and paranoia, and that link may well be inescapable. Fabian Munesia explores the imaginary demons that haunt our everyday financial notions of money, value and wealth"-- Provided by publisher

"Since the creation of the euro and a European Central Bank, the European Union has persistently pursued financial market integration throughout periods of economic growth, membership enlargements, financial breakdown, and political crisis. While traditionally analysed in terms of clashing...

1. Introduction -- 2. Bubble Stories -- 3. Crash Stories -- 4. Money and Credit Features -- 5. Random Walks -- 6. Rationality Rules -- 7. Behavioral Beats -- 8. Bubble Dynamics -- 9. Behavioral Risk Features -- 10. Estimating and Forecasting -- 11. Financial Asset Bubble Theory.

In this Open-Access-book three essays on empirical asset pricing in international equity markets are presented. Despite being of fundamental economic and scientific importance, international financial markets have remained considerably underresearched until today. In the first essay, the role of...

Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms...

Der vorliegende Beitrag der Wirtschaftswissenschaftlichen Schriften ist ein Sammelband, der die Beiträge der Studierenden des 2. Fachsemesters im Masterstudiengang General Management aus dem Wintersemester 2015/2016 umfasst. Die Einzelbeiträge wurden in einer zwei Monate dauernden...

1. The Great Re-evaluation: Reaching for an End -- Part I In the Beginning, an End -- 2. People, Firms, Markets, Behaviour -- 3. The Ends of Desire in Financial Markets -- Part II The Social Licence and Justice -- 4. The Social Licence for Financial Markets -- 5. Realising Justice: the Role of...

Evolution of airline business models: the case of pegasus Airlines -- Tendencies of trade in business services in visegrad countries -- Mapping economic in the european union: do ownership, industry and location matter? -- The driving forces of business R@D intensity in eastern european...

The Rhetoric of Market Efficiency : How Data Analysis Became Legitimate -- Collaborations and Market Efficiency : The Network of Financial Economics -- Winners and Losers in Financial Economics, or Fama versus Black : How Markets Became Efficient and Equilibrium was Defeated -- How Financial...

This book examines the business models, performance, and decision-making approaches employed by financial institutions in Central and Southeast Europe. The respective contributions cover a wide range of industries, including banking, pharmaceuticals, and airline business services, and present...

This book discusses various aspects of blockchains in economic systems and investment strategies in crypto markets. It first addresses the topic from a conceptual and theoretical point of view, and then analyzes it from an assessment and investment angle. Further, it examines the opportunities...

Part I. Blockchain Economics and Financial Market Innovation -- Corporate Finance in the New Business Ecosystem in Digital Age -- The Global Financial System's New Tool: Digital Money -- Redesigning Current Banknotes with Blockchain Infrastructure: A Model Proposal -- Initial Coin Offerings:...

In dem vorliegenden Buch analysiert René Berg die informationsökonomische Bedeutung von Informationsintermediären bei der Kanalisierung legitimer nachhaltiger Unternehmensaktivitäten. Auf Basis einer institutionentheoretisch entwickelten Soll-Nachhaltigkeitskonzeption wird ein asymmetrischer...

Diese Dissertation adressiert die zum Thema Fallen Angel Aktien bestehende Forschungslücke. Dabei kann sie Anlegern zu besseren Investmententscheidungen und die bestehende Kluft zwischen den Investmentstilen Value und Growth überbrücken helfen. Erstmalig wird ein systematischer und empirisch...

1. Equity market informational effi ciency : history and development / Qaiser Munir and Sook Ching Kok -- 2. Equity market anomalies : concepts, classifications, theories and evidence / Qaiser Munir and Sook Ching Kok -- 3. The random walk hypothesis on the small and medium capitalized segment...

This book suggests that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author contradicts mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called ‘peak oil’...

Spikes and Shocks; Acknowledgements; Contents; List of Figures; List of Tables; 1 Introduction; Reference; Part I Conceptualising Financialisation; 2 The History of the Oil Market until the 1980s; References; 3 The Many Faces of Financialisation; 3.1 The Systemic Perspective: Regimes, Capital and...

Measuring the contribution of different markets to the price discovery process of a common asset has been the subject of many research studies in the last decade. In particular the newly developed derivatives markets have given rise to an increasing number of empirical studies examining the...

Standard statistical methods in the empirical economics and finance literature are mostly applicable to data that is aggregated on equally spaced time points. However, a key characteristic of many economic and financial variables is that they occur randomly and are observed irregularly in time....

Die Studie untersucht den aktuellen Wandel des deutschen Finanzsystems. Dabei wird der informationsökonomische Aspekt hervorgehoben. In der ökonomischen Analyse des Finanzmarktgeschehens hat sich die Informationsökonomik als zentrales Analysewerkzeug durchgesetzt. Dieser Zweig der...

pt. I. Properties of macroeconomic data -- pt. II. Models for macroeconomic data analysis -- pt. III. Estimation and evaluation frameworks in macroeconomics -- pt. IV. Applications I : dynamic stochastic general equilibrium models -- pt. V. Applications II : vector autoregressive models -- pt....

This comprehensive Handbook presents the current state of art in the theory and methodology of macroeconomic data analysis. It is intended as a reference for graduate students and researchers interested in exploring new methodologies, but can also be employed as a graduate text. The Handbook...

1 Introduction -- 2 Microstructure Foundations -- 3 Empirical Properties of High-Frequency Data -- 4 Financial Point Processes -- 5 Univariate Multiplicative Error Models -- 6 Generalized Multiplicative Error Models -- 7 Vector Multiplicative Error Models -- 8 Modelling High-Frequency Volatility...

Financial Modelling - Theory, Implementation and Practice is a unique combination of quantitative techniques, the application to financial problems and programming using Matlab. The book enables the reader to model, design and implement a wide range of financial models for derivatives pricing...