The book is a philosophical analysis of the consumption based capital asset pricing model (CCAPM), investigating in particular its epistemological and methodological foundations.
Financial markets are integral parts of advanced and developing economies. They matter because they channel…Asset Pricing Finance Models Philosophie
How is macroeconomic information processed and priced in financial markets? This work is dedicated to the exploration of different aspects of the relationship between the macroeconomic state of an economy, information about this state, and the pricing of assets. The research question is addressed in three…Asset Pricing Finance Implied Cost of Capital Information Processing Risk Premium
A Contribution to the Solution of the Equity Premium Puzzle
Although the Consumption Based Asset Pricing Model (1) (CCAPM) is appealing not least thanks to its simplicity, its empirical test results are poor. If linearized, the model gives support to two of the most studied problems in financial theory: the Risk Free Rate Puzzle (2) and the Equity…Finanzen Human Capital Volkswirtschaftslehre
An Empirical Analysis of Risk-Reducing Signals – The Example of the Hotel Industry
Service providers, such as hotels, airlines, or car rental companies, face great challenges when marketing their services. With regard to service characteristics such as intangibility or perishability, customers face higher risk when purchasing services than they do with tangible products. The lack of…Betriebswirtschaftslehre Marketing-Management Online-Marketing