Begutachtete Publikationen

Profitability, low financial risk, and efficient capital allocation are the distinctive characteristics of owner-controlled companies. In the last decade, they have generated an annual excess return of 3.2 % compared to a peer group of listed compani ...

Das Thema Nachhaltigkeit erfährt in Gesellschaft, Politik und Wirtschaft ein stetig wachsendes Interesse. Um diesem am Kapitalmarkt gerecht zu werden, hat die Deutsche Börse mit dem DAX 50 ESG einen eigenen – auf Nachhaltigkeitsratings basierenden – ...

The coronavirus crisis has caused new distress in the European Economic and Monetary Union (EMU), as the southern part of the EMU has been hit stronger than the northern part. The common currency prevents nominal exchange rate adjustment in response ...

Abstract: This paper extends subjective expectations theory to form a new approach called the discovering markets hypothesis (DMH). Market participants form expectations on the basis of subjective knowledge and communicate with each other through nar ...