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Empirical Research on the German Capital Market

  • Conference proceedings
  • © 1999

Overview

Editors:
  1. Wolfgang Bühler

    1. Fakultät für Betriebswirtschaftslehre, Universität Mannheim, Schloß, Mannheim, Germany

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  2. Herbert Hax

    1. Wirtschafts- und Sozialwissenschaftliche Fakultät, Universität zu Köln, Köln, Germany

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  3. Reinhart Schmidt

    1. Wirtschaftswissenschaftliche Fakultät, Universität Halle-Wittenberg, Halle, Germany

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Part of the book series: Contributions to Management Science (MANAGEMENT SC.)

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Table of contents (15 papers)

  1. Front Matter

    Pages I-VIII
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  2. Market Structure and Organization

    1. Front Matter

      Pages 1-1
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    2. Market Design, Trading Behavior and Price Discovery — An Experimental Stock Market Model

      • Wolfgang Gerke, Horst Bienert
      Pages 3-25

    3. Designing an Experimental Stock Market

      • Jan P. Krahnen, Christian Rieck, Erik Theissen
      Pages 27-54

    4. Private Investor Behavior in Germany: An Empirical Survey and Experimental Results

      • Andreas Oehler
      Pages 55-77

    5. Market Structure and Bid-Ask Spread

      • Hartmut Schmidt, Peter Iversen, Kai Treske
      Pages 79-96

    6. Statutory Induced Switching into a New Market

      • Hartmut Schmidt, Torsten Schrader
      Pages 97-110

  3. Information and Capital Market

    1. Front Matter

      Pages 111-111
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    2. Financial Market Indicators and Real Capital Investment in Germany

      • Wolfgang Gebauer, Klaus J. W. Schmidt, Dirk Veestraeten
      Pages 113-134

    3. Financial Reporting and the Stock Market in Germany

      • Hans Peter Möller, Erich Keller
      Pages 135-148

  4. Risk and Return

    1. Front Matter

      Pages 149-149
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    2. An Investigation into the Number of Factors Generating German Stock Returns

      • Otto L. Adelberger, Gerd Lockert
      Pages 151-170

    3. The German Equity Market: Risk, Return, and Liquidity

      • Hermann Göppl, Torsten Lüdecke, Christian Schlag, Heinrich Schütz
      Pages 171-185

    4. Estimation and Prediction of Systematic Risk with Market-Based and Accounting-Based Data for German Shares

      • Bernd Rudolph, Peter Zimmermann
      Pages 187-206

    5. Measuring Portfolio Performance and the Empirical Content of the APT

      • Manfred Steiner, Thomas Nowak, Carsten Wittrock
      Pages 207-230

  5. Futures and Options

    1. Front Matter

      Pages 231-231
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    2. Analysis of the Call Policy of Bund, Bahn, and Post in the German Bond Market

      • Wolfgang Bühler, Michael Schulze
      Pages 233-253

    3. Time-lags between Price Changes of Stocks and Stock Options

      • Martina Gais, Renate Hecker, Ekkehard Wenger
      Pages 255-279

    4. The DAX Futures Market and Dividends

      • Klaus Röder, Günter Bamberg
      Pages 281-301

    5. Impact of Stock Price Jumps on Option Values

      • Siegfried Trautmann, Michaela Beinert
      Pages 303-322
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Keywords

About this book

This collection of fifteen original articles results from a cooperative intensive program of research on the German capital market. The program objectives included the development of expertise in modern empirical methods in financial economics and the derivation of results that might be specific to the German capital market.
The four parts of the book are dedicated to:
- problems of market structure and organization
- information and capital market
- risk and return
- futures and options
Altogether, the book gives an overview of empirical research on capital markets in Germany and helps to understand their nature. It also shows the application of modern techniques in financial research.

Editors and Affiliations

  • Fakultät für Betriebswirtschaftslehre, Universität Mannheim, Schloß, Mannheim, Germany

    Wolfgang Bühler

  • Wirtschafts- und Sozialwissenschaftliche Fakultät, Universität zu Köln, Köln, Germany

    Herbert Hax

  • Wirtschaftswissenschaftliche Fakultät, Universität Halle-Wittenberg, Halle, Germany

    Reinhart Schmidt

Bibliographic Information

  • Book Title: Empirical Research on the German Capital Market

  • Editors: Wolfgang Bühler, Herbert Hax, Reinhart Schmidt

  • Series Title: Contributions to Management Science

  • DOI: https://doi.org/10.1007/978-3-642-58664-4

  • Publisher: Physica Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1999

  • Softcover ISBN: 978-3-7908-1193-3Published: 29 March 1999

  • eBook ISBN: 978-3-642-58664-4Published: 06 December 2012

  • Series ISSN: 1431-1941

  • Series E-ISSN: 2197-716X

  • Edition Number: 1

  • Number of Pages: VIII, 324

  • Number of Illustrations: 15 b/w illustrations

  • Topics: International Economics, Finance, general

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