Capital investing has become a global business. More and more investors tend to allocate significant portions of their portfolios to international stock and bond markets. To successfully control the risk of globally diversified portfolios, asset managers need to have a distinct understanding of the forces influencing the returns on international financial markets. Peter Oertmann provides empirical evidence on the cross-sectional structure as well as the time-evolution of returns and expected returns on international stock and bond markets. Implementing unconditional as well as conditional beta pricing models, the author identifies global economic factors that affect the performance of international investments. The analysis reveals an association between global indicators of current and future economic health and the evolution of risk premia associated with these factors.

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About the author

Dr. Peter Oertmann ist Habilitand und Projektleiter am Schweizerischen Institut für Banken und Finanzen der Universität St. Gallen.

Bibliographic Information

Book Title: Global Risk Premia on International Investments
Authors: Peter Oertmann
DOI: https://doi.org/10.1007/978-3-663-08528-7
Publisher: Deutscher Universitätsverlag Wiesbaden
eBook Packages: Springer Book Archive
Copyright Information: Springer Fachmedien Wiesbaden 1997
Softcover ISBN: 978-3-8244-6497-5Published: 14 April 1997
eBook ISBN: 978-3-663-08528-7Published: 01 July 2013
Edition Number: 1
Number of Pages: XXIII, 306
Number of Illustrations: 22 b/w illustrations
Topics: Business and Management, general

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Table of contents (8 chapters)

Front Matter

Back Matter

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