With the establishment of the Bundesanstalt für Finanzdienstleistungsaufsicht(BaFin) in May 2002 Germany followed the trend towards integrated financial supervision. The main reason for unification of…
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance…
This paper analyses the saving behaviour of German individuals and households aged between 30 and 50 with respect to inheritances and transfers inter vivos. The analysis is based on recent data of the German…
The aim of this study is the analysis of the performance of so called socially responsible investments (SRI). The performance of SRI equity investment funds and equity indices is investigated using Jensen´s…
This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH(NGARCH) model as a special case. Some of these models are…
In this paper, we analyze the investment and divestment patterns of different types of venture capitalists. Using a data set embracing all venture-backed IPOs that occurred on Germany's Neuer Markt we…