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Asset Management (Seminar)

Dozent/in: Andrea Schertler

14-täglich | Freitag | 08:15 - 11:45 | 28.10.2016 - 03.02.2017 | C 12.102 Seminarraum | Beginn 2. Woche

Inhalt: People have to decide on how much to consume today and how much to postpone to the future. Given that they want to postpone some of their today’s income to the future, they have to decide on how to build their portfolios. This seminar deals with portfolio creation, equilibrium capital market models, such as the Capital Asset Pricing Model and Arbitrage Pricing Theory, as well as irrational explanations that help understand outcomes in stock markets. Topics (examples): Recent developments in factor models: Fama, E. F. and K. R. French (2015). A five-factor asset pricing model. Journal of Financial Economics 106: 1-22 Arbitrage pricing theory (APT): Roll, R. and S. Ross (1980). An empirical investigation of the arbitrage pricing theory. Journal of Finance 35 (5): 1073–1103.