1. ZEW Discussion Paper No. 10-034 // 2010

    Downside Risk Optimization in Securitized Real Estate Markets

    Theoretical and practical portfolio management has been affected by the Modern Portfolio Theory (MPT) suggested by Markowitz (1952) for almost 60 years. An almost innumerable amount of research on this topic has…

  2. ZEW Discussion Paper No. 10-033 // 2010

    Market Efficiency in the Emerging Securitized Real Estate Markets

    Ever since the seminal papers of Fama (1965, 1970), the analysis of the efficient market hypothesis has been a key topic in both theoretical and empirical capital market analysis. The efficient market hypothesis…

  3. ZEW Discussion Paper No. 10-032 // 2010

    Churning of R&D Personnel and Innovation

    This paper investigates the effect of mobility among a firm’s R&D personnel on its innovation performance. Since knowledge created within an R&D department of a firm is largely embodied in the person of the…

  4. ZEW Discussion Paper No. 10-031 // 2010

    Scientific Excellence and Extramural Research Grants: Beggars Can't Be Choosers?

    In the 1980s, the European Union (EU) started to develop its own technology policy independent from the member states. Since then the Framework Programme for Research and Technological Development (FP) has…

  5. ZEW Discussion Paper No. 10-030 // 2010

    How Efficient is the U.K. Housing Market?

    Research in real estate finance and economics has been dealing with the topic of efficiency in the housing market for over 25 years, mainly for the U.S., Canada, and the U.K. Most recent research on this topic…

  6. ZEW-Wachstums- und Konjunkturanalysen // 2010

    Nr. 2 (Juni) - 2010

    • Wirtschaftliche Erholung Deutschlands von Unsicherheit überschattet
    • Die voraussichtliche Lage in der EWU
    • Ergebnisse der Maiumfrage 2010
    • Wirtschaftliche Lage bei Dienstleistern der Informationsgesellschaft stabil
    • Unt…
  7. Financial Market Report Switzerland // 2010

    June 2010

    • Economic Outlook for Switzerland: Noticeable Downswing
    • Eurozone: Increased Skepticism
    • USA: Inflation Expectations Decline
    • Japan: Stock Market Forecasts Are Cautiously Optimistic
    • Great Britain: Economic Outlook…
  8. ZEW Newsletter // 2010

    2010-05

    1. Aktuell
    2. Personalia
      • Auszeichnungen
      • Gastwissenschaftler
    3. Presse
    4. Neue Publikationen
      • ZEWnews
      • ZEW Gründungsreport
      • ZEW-Finanzmarktreport
      • Finanzmarktreport Schweiz
      • Financial Market Report CEE
      • Discussion Papers
      • ZEW…
  9. Financial Market Report CEE // 2010

    June 2010

    • Optimistic Economic Expectations for Central and Eastern Europe
    • Czech Republic, Poland, and Slovakia: Optimists Prevail
    • Hungary, Romania, and Croatia: Cautious Evaluation of the Situation
    • Special Question: Wage…